Ovation Science (FRA:0VH) Days Payable : 9,900.63 (As of Sep. 2024)

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What is Ovation Science Days Payable?

Ovation Science's average Accounts Payable for the three months ended in Sep. 2024 was €0.11 Mil. Ovation Science's Cost of Goods Sold for the three months ended in Sep. 2024 was €0.00 Mil. Hence, Ovation Science's Days Payable for the three months ended in Sep. 2024 was 9,900.63.

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

FRA:0VH' s Days Payable Range Over the Past 10 Years
Min: 124.68 Med: 566.68 Max: 2920
Current: 1686.82

During the past 7 years, Ovation Science's highest Days Payable was 2920.00. The lowest was 124.68. And the median was 566.68.

FRA:0VH's Days Payable is ranked better than
97.67% of 946 companies
in the Drug Manufacturers industry
Industry Median: 85.82 vs FRA:0VH: 1686.82

Ovation Science's Days Payable declined from Sep. 2023 (15,968.75) to Sep. 2024 (9,900.63). It may suggest that Ovation Science accelerated paying its suppliers.

Ovation Science Days Payable Historical Data

The historical data trend for Ovation Science'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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Ovation Science Days Payable Chart

Ovation Science Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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517.08

127.33

582.60

3,102.50

2,007.50

Ovation Science 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															15,968.75	2,828.75	266.73	-	9,900.63

Competitive Comparison of Ovation Science's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Ovation Science'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.

Ovation Science's Days Payable Distribution in the Drug Manufacturers Industry

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

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

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Ovation Science 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.

Ovation Science'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
=	( (0.017	+	0.038)	/	2 )	/	0.005	*	365
=	0.0275					/	0.005	*	365
=	2,007.50

Ovation Science'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
=	( (0.144	+	0.073)	/	2 )	/	0.001	*	365 / 4
=	0.1085					/	0.001	*	365 / 4
=	9,900.63

Ovation Science Days Payable Related Terms

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Ovation Science Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Ovation Science Inc (FRA:0VH) » Definitions » Days Payable

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OVATF:USA OVAT:Canada

Address

1166 Alberni Street, Suite 1003, Vancouver, BC, CAN, V6E 3Z3

Website

https://www.ovationscience.com

Ovation Science Inc. is a Canada-based company mainly engaged in providing topical and transdermal cannabis products under the "Ovation" brand label. It utilizes the patented "Invisicare" delivery technology, which it acquired for exclusive use for cannabis-formulated products. The group has two geographical segments: Canada and the United States. Key revenue is generated from Canada.

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