Nova Eye Medical (Nova Eye Medical) Days Payable : 643.39 (As of Dec. 2023)

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What is Nova Eye Medical Days Payable?

Nova Eye Medical's average Accounts Payable for the six months ended in Dec. 2023 was $2.85 Mil. Nova Eye Medical's Cost of Goods Sold for the six months ended in Dec. 2023 was $0.81 Mil. Hence, Nova Eye Medical's Days Payable for the six months ended in Dec. 2023 was 643.39.

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

ELXMF' s Days Payable Range Over the Past 10 Years
Min: 35.76 Med: 54.09 Max: 727.41
Current: 727.41

During the past 13 years, Nova Eye Medical's highest Days Payable was 727.41. The lowest was 35.76. And the median was 54.09.

ELXMF's Days Payable is ranked better than
93.8% of 790 companies
in the Medical Devices & Instruments industry
Industry Median: 72.585 vs ELXMF: 727.41

Nova Eye Medical's Days Payable increased from Dec. 2022 (226.64) to Dec. 2023 (643.39). It may suggest that Nova Eye Medical delayed paying its suppliers.

Nova Eye Medical Days Payable Historical Data

The historical data trend for Nova Eye Medical'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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Nova Eye Medical Days Payable Chart

Nova Eye Medical Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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38.64

481.50

443.85

365.45

473.71

Nova Eye Medical Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															121.54	-	226.64	988.36	643.39

Competitive Comparison of Nova Eye Medical's Days Payable

For the Medical Devices subindustry, Nova Eye Medical'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.

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

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

* The bar in red indicates where Nova Eye Medical's Days Payable falls into.

Nova Eye Medical 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.

Nova Eye Medical's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (1.691	+	2.893)	/	2 )	/	1.766	*	365
=	2.292					/	1.766	*	365
=	473.71

Nova Eye Medical's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2.893	+	2.797)	/	2 )	/	0.807	*	365 / 2
=	2.845					/	0.807	*	365 / 2
=	643.39

Nova Eye Medical Days Payable Related Terms

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Nova Eye Medical (Nova Eye Medical) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Nova Eye Medical Ltd (OTCPK:ELXMF) » Definitions » Days Payable

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Traded in Other Exchanges

EYE:Australia

Address

107 Rundle Street, Kent Town, Adelaide, SA, AUS, 5067

Website

https://www.nova-eye.com

Nova Eye Medical Ltd is a medical technology company that develops, manufactures and sells a portfolio of proprietary ophthalmic treatment technologies and devices. Used by eye surgeons globally, these technologies include iTrack minimally invasive glaucoma surgery (MIGS), a consumable surgical device that restores the eye's natural outflow pathway to lower pressure inside the eye and to eliminate patient reliance on anti-glaucoma medications for mild-moderate glaucoma. The company's operating segment include AlphaRET and Glaucoma Surgical Devices, it generates maximum revenue from Glaucoma Surgical Devices. Geographically, it derives a majority of revenue from the United States of America.

Nova Eye Medical (Nova Eye Medical) Headlines

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