PhotoCure ASA (FRA:PHS) Days Payable : 192.77 (As of Mar. 2024)

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What is PhotoCure ASA Days Payable?

PhotoCure ASA's average Accounts Payable for the three months ended in Mar. 2024 was €1.42 Mil. PhotoCure ASA's Cost of Goods Sold for the three months ended in Mar. 2024 was €0.67 Mil. Hence, PhotoCure ASA's Days Payable for the three months ended in Mar. 2024 was 192.77.

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

FRA:PHS' s Days Payable Range Over the Past 10 Years
Min: 124.06 Med: 301.77 Max: 379.71
Current: 227.76

During the past 13 years, PhotoCure ASA's highest Days Payable was 379.71. The lowest was 124.06. And the median was 301.77.

FRA:PHS's Days Payable is ranked better than
85.68% of 971 companies
in the Drug Manufacturers industry
Industry Median: 88.69 vs FRA:PHS: 227.76

PhotoCure ASA's Days Payable declined from Mar. 2023 (288.38) to Mar. 2024 (192.77). It may suggest that PhotoCure ASA accelerated paying its suppliers.

PhotoCure ASA Days Payable Historical Data

The historical data trend for PhotoCure 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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PhotoCure ASA Days Payable Chart

PhotoCure ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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125.92

283.31

348.91

367.10

300.58

PhotoCure ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															288.38	195.54	229.19	340.00	192.77

Competitive Comparison of PhotoCure ASA's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, PhotoCure 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.

PhotoCure ASA's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, PhotoCure ASA's Days Payable distribution charts can be found below:

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

PhotoCure 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.

PhotoCure 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
=	( (2.033	+	1.709)	/	2 )	/	2.272	*	365
=	1.871					/	2.272	*	365
=	300.58

PhotoCure ASA's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1.709	+	1.126)	/	2 )	/	0.671	*	365 / 4
=	1.4175					/	0.671	*	365 / 4
=	192.77

PhotoCure ASA Days Payable Related Terms

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PhotoCure ASA (FRA:PHS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » PhotoCure ASA (FRA:PHS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PHCUF:USA PHOO:Sweden PHO:Norway

Address

Hoffsveien 4, Oslo, NOR, 0275

Website

https://www.photocure.com

PhotoCure ASA is a Norway-based business group associated with the research, development, production, distribution, marketing, and sales of pharmaceutical products specialty pharmaceutical companies. Its technology platform is focused on the field of photodynamic diagnosis and treatment of cancer. It has two operating segments of the group the Commercial franchise and the Development portfolio. It generates prime revenue from the Commercial franchise segment, which includes Hexvix and Cysview products. Its geographical segments are Nordic countries, Germany, France, Austria, the United Kingdom, Netherlands, Other European countries, and the United States.

PhotoCure ASA (FRA:PHS) Headlines

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