BIOE (Bio Essence) Days Payable : 77.73 (As of Sep. 2024)

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What is Bio Essence Days Payable?

Bio Essence's average Accounts Payable for the three months ended in Sep. 2024 was $0.05 Mil. Bio Essence's Cost of Goods Sold for the three months ended in Sep. 2024 was $0.05 Mil. Hence, Bio Essence's Days Payable for the three months ended in Sep. 2024 was 77.73.

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

BIOE' s Days Payable Range Over the Past 10 Years
Min: 31.41 Med: 42.42 Max: 146
Current: 67.02

During the past 5 years, Bio Essence's highest Days Payable was 146.00. The lowest was 31.41. And the median was 42.42.

BIOE's Days Payable is ranked worse than
61.1% of 946 companies
in the Drug Manufacturers industry
Industry Median: 85.82 vs BIOE: 67.02

Bio Essence's Days Payable increased from Sep. 2023 (0.00) to Sep. 2024 (77.73). It may suggest that Bio Essence delayed paying its suppliers.

Bio Essence Days Payable Historical Data

The historical data trend for Bio Essence'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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Bio Essence Days Payable Chart

Bio Essence Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

42.42

31.41

34.95

70.14

146.00

Bio Essence Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															-	34.68	-	256.20	77.73

Competitive Comparison of Bio Essence's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Bio Essence'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.

Bio Essence's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Bio Essence's Days Payable distribution charts can be found below:

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

Bio Essence 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.

Bio Essence'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
=	( (0.05	+	0.17)	/	2 )	/	0.275	*	365
=	0.11					/	0.275	*	365
=	146.00

Bio Essence's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0.06	+	0.032)	/	2 )	/	0.054	*	365 / 4
=	0.046					/	0.054	*	365 / 4
=	77.73

Bio Essence Days Payable Related Terms

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Bio Essence Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Bio Essence Corp (OTCPK:BIOE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

12 Chrysler, Unit B, Irvine, CA, USA, 92618

Website

https://www.bioessencecorp.com

Bio Essence Corp is an herbal health, diet, and nutrition company. The Company's mission is to provide herbal health, diet, and vitamin nutritional supplements. It develops traditional Chinese medicines (TCM) in the form of single herbs, granules, pills, and tablets. It also offers special formulated dietary supplements and medical food.