BDMD (Baird Medical Investment Holdings) Days Payable : 60.59 (As of Jun. 2024)

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What is Baird Medical Investment Holdings Days Payable?

Baird Medical Investment Holdings's average Accounts Payable for the six months ended in Jun. 2024 was $0.55 Mil. Baird Medical Investment Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was $1.65 Mil. Hence, Baird Medical Investment Holdings's Days Payable for the six months ended in Jun. 2024 was 60.59.

The historical rank and industry rank for Baird Medical Investment Holdings's Days Payable or its related term are showing as below:

BDMD' s Days Payable Range Over the Past 10 Years
Min: 14.38 Med: 27.31 Max: 52.07
Current: 52.07

During the past 3 years, Baird Medical Investment Holdings's highest Days Payable was 52.07. The lowest was 14.38. And the median was 27.31.

BDMD's Days Payable is ranked worse than
65.2% of 793 companies
in the Medical Devices & Instruments industry
Industry Median: 70.49 vs BDMD: 52.07

Baird Medical Investment Holdings's Days Payable increased from Jun. 2023 (19.30) to Jun. 2024 (60.59). It may suggest that Baird Medical Investment Holdings delayed paying its suppliers.

Baird Medical Investment Holdings Days Payable Historical Data

The historical data trend for Baird Medical Investment Holdings'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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Baird Medical Investment Holdings Days Payable Chart

Baird Medical Investment Holdings Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

27.31

14.38

33.06

Baird Medical Investment Holdings Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24
Days Payable	-	-	19.30	45.94	60.59

Competitive Comparison of Baird Medical Investment Holdings's Days Payable

For the Medical Devices subindustry, Baird Medical Investment Holdings'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.

Baird Medical Investment Holdings's Days Payable Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Baird Medical Investment Holdings's Days Payable falls into.

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Baird Medical Investment Holdings 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.

Baird Medical Investment Holdings's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0.216	+	0.55)	/	2 )	/	4.228	*	365
=	0.383					/	4.228	*	365
=	33.06

Baird Medical Investment Holdings'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
=	( (0.55	+	0.543)	/	2 )	/	1.646	*	365 / 2
=	0.5465					/	1.646	*	365 / 2
=	60.59

Baird Medical Investment Holdings Days Payable Related Terms

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Baird Medical Investment Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Baird Medical Investment Holdings Ltd (NAS:BDMD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.15 Rongtong Street, Room 202, 2nd Floor, Baide Building, Building 11, Yuexiu, Guangzhou, CHN

Website

Baird Medical Investment Holdings Ltd is one of the microwave ablation medical device developers and providers in the PRC for minimally invasive treatment of tumors. Its proprietary medical devices are used for the treatment of benign and malignant tumors, including thyroid nodules, liver cancer, lung cancer and breast lumps. Microwave ablation is a minimally invasive treatment technique that denaturalizes and coagulates the protein of tumor cells with extreme heat generated by microwave energy. Microwave ablation treatments have been applied to benign and malignant tumors, and the company believes the products are safer, minimally invasive and easier to operate with faster recovery periods and lower complication rates for patients, as compared to traditional treatment methods.