Avitar (Avitar) Days Payable : 139.79 (As of Dec. 2007)

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What is Avitar Days Payable?

Avitar's average Accounts Payable for the three months ended in Dec. 2007 was $0.67 Mil. Avitar's Cost of Goods Sold for the three months ended in Dec. 2007 was $0.44 Mil. Hence, Avitar's Days Payable for the three months ended in Dec. 2007 was 139.79.

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

AVTI's Days Payable is not ranked ^*
in the Medical Devices & Instruments industry.
Industry Median: 72.79
* Ranked among companies with meaningful Days Payable only.

Avitar's Days Payable increased from Dec. 2006 (70.62) to Dec. 2007 (139.79). It may suggest that Avitar delayed paying its suppliers.

Avitar Days Payable Historical Data

The historical data trend for Avitar'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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Avitar Days Payable Chart

Avitar Annual Data

Trend

Sep98

Sep99

Sep00

Sep01

Sep02

Sep03

Sep04

Sep05

Sep06

Sep07

Days Payable

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134.18

128.91

77.00

61.65

91.53

Avitar Quarterly Data
	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07
Days Payable	Get a 7-Day Free Trial															70.62	99.99	103.67	118.90	139.79

Competitive Comparison of Avitar's Days Payable

For the Medical Devices subindustry, Avitar'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.

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

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

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

Avitar 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.

Avitar's Days Payable for the fiscal year that ended in Sep. 2007 is calculated as

	Days Payable (A: Sep. 2007 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2006 )	+	Accounts Payable (A: Sep. 2007 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2007 )	*	Days in Period
=	( (0.487	+	0.651)	/	2 )	/	2.269	*	365
=	0.569					/	2.269	*	365
=	91.53

Avitar's Days Payable for the quarter that ended in Dec. 2007 is calculated as:

	Days Payable (Q: Dec. 2007 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2007 )	+	Accounts Payable (Q: Dec. 2007 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2007 )	*	Days in Period
=	( (0.651	+	0.691)	/	2 )	/	0.438	*	365 / 4
=	0.671					/	0.438	*	365 / 4
=	139.79

Avitar Days Payable Related Terms

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Avitar (Avitar) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Avitar Inc (OTCPK:AVTI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

5005 Elbow Drive SW, Suite 207, Calgary, AB, CAN, T2S 1T9

Website

Avitar Inc, through its subsidiary Avitar Technologies, develops, manufactures, and markets products for oral fluid diagnostics, disease and clinical testing, and wound treating.