BIRMF (Biorem) Days Payable : 41.76 (As of Sep. 2024)

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What is Biorem Days Payable?

Biorem's average Accounts Payable for the three months ended in Sep. 2024 was $3.33 Mil. Biorem's Cost of Goods Sold for the three months ended in Sep. 2024 was $7.28 Mil. Hence, Biorem's Days Payable for the three months ended in Sep. 2024 was 41.76.

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

BIRMF' s Days Payable Range Over the Past 10 Years
Min: 43.78 Med: 75.92 Max: 109.11
Current: 59.94

During the past 13 years, Biorem's highest Days Payable was 109.11. The lowest was 43.78. And the median was 75.92.

BIRMF's Days Payable is ranked worse than
61.32% of 2942 companies
in the Industrial Products industry
Industry Median: 76.25 vs BIRMF: 59.94

Biorem's Days Payable declined from Sep. 2023 (72.84) to Sep. 2024 (41.76). It may suggest that Biorem accelerated paying its suppliers.

Biorem Days Payable Historical Data

The historical data trend for Biorem'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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Biorem Days Payable Chart

Biorem Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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70.48

43.09

68.77

91.60

108.53

Biorem 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															72.84	55.44	111.82	68.29	41.76

Competitive Comparison of Biorem's Days Payable

For the Pollution & Treatment Controls subindustry, Biorem'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.

Biorem's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Biorem's Days Payable distribution charts can be found below:

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

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Biorem 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.

Biorem'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
=	( (3.468	+	4.574)	/	2 )	/	13.523	*	365
=	4.021					/	13.523	*	365
=	108.53

Biorem'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
=	( (3.246	+	3.419)	/	2 )	/	7.282	*	365 / 4
=	3.3325					/	7.282	*	365 / 4
=	41.76

Biorem Days Payable Related Terms

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Biorem Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Biorem Inc (OTCPK:BIRMF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

BRM:Canada

Address

7496 Wellington Road 34, RR Number 3, Puslinch, Guelph, ON, CAN, N1H 6H9

Website

https://www.biorem.biz

Biorem Inc is an environmental biotechnology company. It is involved in the manufacturing of a comprehensive line of high efficiency air pollution control systems that are used to eliminate odorous and harmful contaminants. The company's products include Biofilters, Biogas Solutions, Multi-Stage Systems, Biotrickling filters, and services such as Media Sampling and Analysis, Biological processes and testing, Media replacements and Spare parts, and other related services. The company derives revenues from the sale of standard products, construction projects for specialized products, and services for repairs and maintenance. The group has a business presence in Canada, the United States, China and others, of which key revenue is derived from the United States.