Navamedic ASA (FRA:N1A) Days Payable : 63.77 (As of Dec. 2023)

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What is Navamedic ASA Days Payable?

Navamedic ASA's average Accounts Payable for the six months ended in Dec. 2023 was €5.09 Mil. Navamedic ASA's Cost of Goods Sold for the six months ended in Dec. 2023 was €14.57 Mil. Hence, Navamedic ASA's Days Payable for the six months ended in Dec. 2023 was 63.77.

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

FRA:N1A' s Days Payable Range Over the Past 10 Years
Min: 71.36 Med: 115.11 Max: 167.8
Current: 71.36

During the past 13 years, Navamedic ASA's highest Days Payable was 167.80. The lowest was 71.36. And the median was 115.11.

FRA:N1A's Days Payable is ranked worse than
55.79% of 95 companies
in the Medical Distribution industry
Industry Median: 73.55 vs FRA:N1A: 71.36

Navamedic ASA's Days Payable declined from Dec. 2022 (119.46) to Dec. 2023 (63.77). It may suggest that Navamedic ASA accelerated paying its suppliers.

Navamedic ASA Days Payable Historical Data

The historical data trend for Navamedic ASA'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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Navamedic ASA Days Payable Chart

Navamedic ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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117.84

146.57

147.45

115.47

81.86

Navamedic ASA Semi-Annual Data
	Jun14	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															144.65	148.47	119.46	77.22	63.77

Competitive Comparison of Navamedic ASA's Days Payable

For the Medical Distribution subindustry, Navamedic ASA'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.

Navamedic ASA's Days Payable Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Navamedic ASA's Days Payable distribution charts can be found below:

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

Navamedic ASA 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.

Navamedic ASA'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
=	( (6.265	+	5.937)	/	2 )	/	27.202	*	365
=	6.101					/	27.202	*	365
=	81.86

Navamedic ASA'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
=	( (4.247	+	5.937)	/	2 )	/	14.572	*	365 / 2
=	5.092					/	14.572	*	365 / 2
=	63.77

Navamedic ASA Days Payable Related Terms

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Navamedic ASA (FRA:N1A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Navamedic ASA (FRA:N1A) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NAVA:Norway

Address

Henrik Ibsensgate 100, Solli Plass, Lysaker, NOR, N-0255

Website

https://www.navamedic.com

Navamedic ASA is a pharmaceutical company that operates in a single segment, which is marketing, selling, and distributing pharmaceuticals and medical nutrition products to hospitals, pharmacies, and patients, bought from product suppliers and manufacturers in Europe and other places. Its product categories include Medical nutrition, Consumer health, Branded generics, and Specialty pharma.

Navamedic ASA (FRA:N1A) Headlines

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