DVHGF (Devonian Health Group) Days Payable : 86.66 (As of Oct. 2024)

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What is Devonian Health Group Days Payable?

Devonian Health Group's average Accounts Payable for the three months ended in Oct. 2024 was $2.86 Mil. Devonian Health Group's Cost of Goods Sold for the three months ended in Oct. 2024 was $3.01 Mil. Hence, Devonian Health Group's Days Payable for the three months ended in Oct. 2024 was 86.66.

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

DVHGF' s Days Payable Range Over the Past 10 Years
Min: 66.98 Med: 146.2 Max: 222.81
Current: 66.98

During the past 11 years, Devonian Health Group's highest Days Payable was 222.81. The lowest was 66.98. And the median was 146.20.

DVHGF's Days Payable is ranked worse than
64.82% of 705 companies
in the Biotechnology industry
Industry Median: 122.89 vs DVHGF: 66.98

Devonian Health Group's Days Payable increased from Oct. 2023 (81.00) to Oct. 2024 (86.66). It may suggest that Devonian Health Group delayed paying its suppliers.

Devonian Health Group Days Payable Historical Data

The historical data trend for Devonian Health Group'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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Devonian Health Group Days Payable Chart

Devonian Health Group Annual Data

Trend

Jun15

Jun16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Days Payable

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208.54

211.16

102.89

147.33

69.43

Devonian Health Group Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Days Payable	Get a 7-Day Free Trial															81.00	72.49	65.63	59.51	86.66

Competitive Comparison of Devonian Health Group's Days Payable

For the Biotechnology subindustry, Devonian Health Group'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.

Devonian Health Group's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Devonian Health Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Devonian Health Group's Days Payable falls into.

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Devonian Health Group 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.

Devonian Health Group's Days Payable for the fiscal year that ended in Jul. 2024 is calculated as

	Days Payable (A: Jul. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jul. 2023 )	+	Accounts Payable (A: Jul. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jul. 2024 )	*	Days in Period
=	( (0.571	+	2.71)	/	2 )	/	8.624	*	365
=	1.6405					/	8.624	*	365
=	69.43

Devonian Health Group's Days Payable for the quarter that ended in Oct. 2024 is calculated as:

	Days Payable (Q: Oct. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jul. 2024 )	+	Accounts Payable (Q: Oct. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2024 )	*	Days in Period
=	( (2.71	+	3.013)	/	2 )	/	3.013	*	365 / 4
=	2.8615					/	3.013	*	365 / 4
=	86.66

Devonian Health Group Days Payable Related Terms

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Devonian Health Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Devonian Health Group Inc (OTCPK:DVHGF) » Definitions » Days Payable

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GSD:Canada

Address

360, Rue des Entrepreneurs, Montmagny, QC, CAN, G5V 4T1

Website

https://www.groupedevonian.com

Devonian Health Group Inc is operating in the pharmaceutical sector. It is engaged in the development and distribution of botanical drugs. The group is also involved in the development of value-added products for dermo-cosmetics. It has established a research effort focused on the anticipation of new solutions in the medical sector as well as in the cosmetic sector. The company's technology platform, The Supra Molecular Complex Extraction and Stabilization Technology provides a process of extraction, purification, stabilization, and conditioning of molecular complexes, as active botanical ingredients, from plants and algae. Its product portfolio includes pharmaceuticals like Thykamine, Pantoprazole, and Cleo-35; and cosmeceutical products like R-Spinasome and Purgenesis.

Devonian Health Group Headlines

From GuruFocus

Devonian Announces the Closing of a $315,000 Private Placement and an Additional Loan of $500,000

By GlobeNewswire GlobeNewswire • 08-22-2019