SomnoMed (ASX:SOM) Days Payable : 114.46 (As of Jun. 2024)

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What is SomnoMed Days Payable?

SomnoMed's average Accounts Payable for the six months ended in Jun. 2024 was A$12.21 Mil. SomnoMed's Cost of Goods Sold for the six months ended in Jun. 2024 was A$19.47 Mil. Hence, SomnoMed's Days Payable for the six months ended in Jun. 2024 was 114.46.

The historical rank and industry rank for SomnoMed's Days Payable or its related term are showing as below:

ASX:SOM' s Days Payable Range Over the Past 10 Years
Min: 82.47 Med: 121.82 Max: 149.52
Current: 121.33

During the past 13 years, SomnoMed's highest Days Payable was 149.52. The lowest was 82.47. And the median was 121.82.

ASX:SOM's Days Payable is ranked better than
71.84% of 792 companies
in the Medical Devices & Instruments industry
Industry Median: 69.87 vs ASX:SOM: 121.33

SomnoMed's Days Payable declined from Jun. 2023 (127.88) to Jun. 2024 (114.46). It may suggest that SomnoMed accelerated paying its suppliers.

SomnoMed Days Payable Historical Data

The historical data trend for SomnoMed's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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SomnoMed Days Payable Chart

SomnoMed Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Days Payable

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121.47

137.97

149.52

141.59

125.47

SomnoMed Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial															146.87	149.78	127.88	124.75	114.46

Competitive Comparison of SomnoMed's Days Payable

For the Medical Devices subindustry, SomnoMed's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

SomnoMed's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, SomnoMed's Days Payable distribution charts can be found below:

* The bar in red indicates where SomnoMed's Days Payable falls into.

SomnoMed Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

SomnoMed's Days Payable for the fiscal year that ended in Jun. 2024 is calculated as

	Days Payable (A: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2023 )	+	Accounts Payable (A: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2024 )	*	Days in Period
=	( (11.996	+	13.111)	/	2 )	/	36.52	*	365
=	12.5535					/	36.52	*	365
=	125.47

SomnoMed's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (11.313	+	13.111)	/	2 )	/	19.471	*	365 / 2
=	12.212					/	19.471	*	365 / 2
=	114.46

SomnoMed Days Payable Related Terms

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SomnoMed Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » SomnoMed Ltd (ASX:SOM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SOMNF:USA RJV:Germany

Address

20 Clarke Street, Level 3, Crows Nest, Sydney, NSW, AUS, 2065

Website

https://www.somnomed.com/au

SomnoMed Ltd produces and sells oral treatment of sleep-related disorder devices. It manufactures and designs premium oral appliances for the treatment of sleep-disordered breathing relieving conditions. Its products include SomnoDent, Som Tabs, Som Morning Repositioner and others. Its geographical segments include North America, Europe, and Asia-Pacific. Business operations consist of the production and sale of products treating sleep-disordered breathing, which is the only reportable segment. Substantial revenue is realized from the European region.

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