Mentice AB (FRA:MN2) Days Payable : 120.13 (As of Dec. 2023)

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What is Mentice AB Days Payable?

Mentice AB's average Accounts Payable for the three months ended in Dec. 2023 was €1.10 Mil. Mentice AB's Cost of Goods Sold for the three months ended in Dec. 2023 was €0.84 Mil. Hence, Mentice AB's Days Payable for the three months ended in Dec. 2023 was 120.13.

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

FRA:MN2' s Days Payable Range Over the Past 10 Years
Min: 110.04 Med: 134.5 Max: 150.31
Current: 112.38

During the past 7 years, Mentice AB's highest Days Payable was 150.31. The lowest was 110.04. And the median was 134.50.

FRA:MN2's Days Payable is ranked better than
68.66% of 785 companies
in the Medical Devices & Instruments industry
Industry Median: 73.19 vs FRA:MN2: 112.38

Mentice AB's Days Payable declined from Dec. 2022 (249.91) to Dec. 2023 (120.13). It may suggest that Mentice AB accelerated paying its suppliers.

Mentice AB Days Payable Historical Data

The historical data trend for Mentice AB'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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Mentice AB Days Payable Chart

Mentice AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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152.10

129.30

135.32

150.07

147.35

Mentice AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															249.91	120.27	78.63	102.06	120.13

Competitive Comparison of Mentice AB's Days Payable

For the Medical Devices subindustry, Mentice AB'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.

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

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

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

Mentice AB 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.

Mentice AB'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
=	( (1.294	+	1.393)	/	2 )	/	3.328	*	365
=	1.3435					/	3.328	*	365
=	147.35

Mentice AB'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.816	+	1.393)	/	2 )	/	0.839	*	365 / 4
=	1.1045					/	0.839	*	365 / 4
=	120.13

Mentice AB Days Payable Related Terms

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Mentice AB (FRA:MN2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Mentice AB (FRA:MN2) » Definitions » Days Payable

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MNTC:Sweden

Address

Odinsgatan 10, Gothenburg, SWE, 411 03

Website

https://www.mentice.com

Mentice AB is engaged in the provision of software and hardware simulation solutions for endovascular therapies. Its solutions help healthcare professionals acquire, retain, and enhance their procedural skills driving improved productivity and outcomes. It operates through three segments: System Sales, Software Licences, and Service.

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