Merit Medical Systems (FRA:MM3) Days Payable : 31.52 (As of Dec. 2024)

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What is Merit Medical Systems Days Payable?

Merit Medical Systems's average Accounts Payable for the three months ended in Dec. 2024 was €60 Mil. Merit Medical Systems's Cost of Goods Sold for the three months ended in Dec. 2024 was €174 Mil. Hence, Merit Medical Systems's Days Payable for the three months ended in Dec. 2024 was 31.52.

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

FRA:MM3' s Days Payable Range Over the Past 10 Years
Min: 29.79 Med: 34.83 Max: 40.38
Current: 30.63

During the past 13 years, Merit Medical Systems's highest Days Payable was 40.38. The lowest was 29.79. And the median was 34.83.

FRA:MM3's Days Payable is ranked worse than
83.73% of 793 companies
in the Medical Devices & Instruments industry
Industry Median: 69.21 vs FRA:MM3: 30.63

Merit Medical Systems's Days Payable increased from Dec. 2023 (30.39) to Dec. 2024 (31.52). It may suggest that Merit Medical Systems delayed paying its suppliers.

Merit Medical Systems Days Payable Historical Data

The historical data trend for Merit Medical Systems'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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Merit Medical Systems Days Payable Chart

Merit Medical Systems Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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35.56

31.56

34.85

36.98

33.73

Merit Medical Systems Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															30.39	30.30	26.69	29.56	31.52

Competitive Comparison of Merit Medical Systems's Days Payable

For the Medical Instruments & Supplies subindustry, Merit Medical Systems'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.

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

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

* The bar in red indicates where Merit Medical Systems's Days Payable falls into.

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Merit Medical Systems 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.

Merit Medical Systems's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (60.471	+	65.419)	/	2 )	/	681.088	*	365
=	62.945					/	681.088	*	365
=	33.73

Merit Medical Systems's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (54.788	+	65.419)	/	2 )	/	173.977	*	365 / 4
=	60.1035					/	173.977	*	365 / 4
=	31.52

Merit Medical Systems Days Payable Related Terms

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Merit Medical Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Merit Medical Systems Inc (FRA:MM3) » Definitions » Days Payable

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MMSI:USA

Address

1600 West Merit Parkway, South Jordan, UT, USA, 84095

Website

https://www.merit.com

Merit Medical Systems Inc is a medical equipment company that develops and manufactures products for interventional cardiology, radiology, and endoscopy procedures. The firm reports two segments which are Cardiovascular and Endoscopy. The majority of the revenue is earned from the Cardiovascular segment which consists of cardiology and radiology medical device products that assist in diagnosing and treating coronary artery disease, peripheral vascular disease, and other non-vascular diseases and includes embolotherapeutic, cardiac rhythm management, electrophysiology, critical care, and interventional oncology and spine devices.

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