Conmed (FRA:EC8) Days Payable : 69.25 (As of Sep. 2024)

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What is Conmed Days Payable?

Conmed's average Accounts Payable for the three months ended in Sep. 2024 was €94 Mil. Conmed's Cost of Goods Sold for the three months ended in Sep. 2024 was €124 Mil. Hence, Conmed's Days Payable for the three months ended in Sep. 2024 was 69.25.

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

FRA:EC8' s Days Payable Range Over the Past 10 Years
Min: 27.81 Med: 45.32 Max: 61.03
Current: 61.03

During the past 13 years, Conmed's highest Days Payable was 61.03. The lowest was 27.81. And the median was 45.32.

FRA:EC8's Days Payable is ranked worse than
56.44% of 792 companies
in the Medical Devices & Instruments industry
Industry Median: 70.18 vs FRA:EC8: 61.03

Conmed's Days Payable increased from Sep. 2023 (53.23) to Sep. 2024 (69.25). It may suggest that Conmed delayed paying its suppliers.

Conmed Days Payable Historical Data

The historical data trend for Conmed'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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Conmed Days Payable Chart

Conmed Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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45.89

52.00

44.41

49.24

52.58

Conmed 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															53.23	54.13	61.64	62.10	69.25

Competitive Comparison of Conmed's Days Payable

For the Medical Devices subindustry, Conmed'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.

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

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

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

Conmed 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.

Conmed'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
=	( (69.283	+	80.901)	/	2 )	/	521.313	*	365
=	75.092					/	521.313	*	365
=	52.58

Conmed'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
=	( (94.095	+	94.218)	/	2 )	/	124.074	*	365 / 4
=	94.1565					/	124.074	*	365 / 4
=	69.25

Conmed Days Payable Related Terms

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Conmed Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Conmed Corp (FRA:EC8) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CNMD:USA

Address

11311 Concept Boulevard, Largo, FL, USA, 33773

Website

https://www.conmed.com

Conmed Corp is a Utica, New York-based medical equipment company that focuses on sports medicine procedures and general surgeries. The firm currently reports through two reporting units, orthopedic surgery, and general surgery. From a geographic perspective, the firm is U.S.-centric, with maximum domestic sales accounting for revenue, EMEA accounting for second place, APAC at third, and the non-U.S. Americas region driving the remaining revenue.

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