European Medical Solutions (FRA:AS0) Days Payable : 97.79 (As of Dec. 2023)

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What is European Medical Solutions Days Payable?

European Medical Solutions's average Accounts Payable for the six months ended in Dec. 2023 was €7.49 Mil. European Medical Solutions's Cost of Goods Sold for the six months ended in Dec. 2023 was €13.98 Mil. Hence, European Medical Solutions's Days Payable for the six months ended in Dec. 2023 was 97.79.

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

FRA:AS0' s Days Payable Range Over the Past 10 Years
Min: 80.8 Med: 99.38 Max: 61198.33
Current: 96.94

During the past 12 years, European Medical Solutions's highest Days Payable was 61198.33. The lowest was 80.80. And the median was 99.38.

FRA:AS0's Days Payable is ranked worse than
59.22% of 721 companies
in the Biotechnology industry
Industry Median: 148.28 vs FRA:AS0: 96.94

European Medical Solutions's Days Payable increased from Dec. 2022 (74.70) to Dec. 2023 (97.79). It may suggest that European Medical Solutions delayed paying its suppliers.

European Medical Solutions Days Payable Historical Data

The historical data trend for European Medical Solutions'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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European Medical Solutions Days Payable Chart

European Medical Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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80.80

104.07

94.68

European Medical Solutions Semi-Annual Data
	Dec13	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															-	77.58	74.70	98.39	97.79

Competitive Comparison of European Medical Solutions's Days Payable

For the Biotechnology subindustry, European Medical Solutions'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.

European Medical Solutions's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, European Medical Solutions's Days Payable distribution charts can be found below:

* The bar in red indicates where European Medical Solutions's Days Payable falls into.

European Medical Solutions 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.

European Medical Solutions'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
=	( (6.57	+	7.465)	/	2 )	/	27.053	*	365
=	7.0175					/	27.053	*	365
=	94.68

European Medical Solutions'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
=	( (7.521	+	7.465)	/	2 )	/	13.984	*	365 / 2
=	7.493					/	13.984	*	365 / 2
=	97.79

European Medical Solutions Days Payable Related Terms

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European Medical Solutions (FRA:AS0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » European Medical Solutions (FRA:AS0) » Definitions » Days Payable

Comparable Companies

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ALIMG:Belgium

Address

7 Rue des Chasseurs Ardennais, Liege, BEL, 4031

Website

https://www.dms-imaging.com

DMS Imaging SA is a clinical-stage biopharmaceutical company. The company is engaged in the development and future commercialization of a range of breakthrough immunotherapy products for the treatment of allergies, based on its ASIT+ technology platform. Its lead product is gp-ASIT+, a phase III trial for the treatment of grass pollen rhinitis. Its pipeline products consist of hdm-ASIT+ for the treatment of house dust mite asthma; and pnt-ASIT+ for the treatment of peanut allergy.

European Medical Solutions (FRA:AS0) Headlines

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