Spectral Medical (FRA:SD4) Days Payable : 688.22 (As of Mar. 2024)

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What is Spectral Medical Days Payable?

Spectral Medical's average Accounts Payable for the three months ended in Mar. 2024 was €1.43 Mil. Spectral Medical's Cost of Goods Sold for the three months ended in Mar. 2024 was €0.19 Mil. Hence, Spectral Medical's Days Payable for the three months ended in Mar. 2024 was 688.22.

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

FRA:SD4' s Days Payable Range Over the Past 10 Years
Min: 139.54 Med: 511.59 Max: 769.92
Current: 769.92

During the past 13 years, Spectral Medical's highest Days Payable was 769.92. The lowest was 139.54. And the median was 511.59.

FRA:SD4's Days Payable is ranked better than
93.17% of 205 companies
in the Medical Diagnostics & Research industry
Industry Median: 65.48 vs FRA:SD4: 769.92

Spectral Medical's Days Payable declined from Mar. 2023 (1,263.91) to Mar. 2024 (688.22). It may suggest that Spectral Medical accelerated paying its suppliers.

Spectral Medical Days Payable Historical Data

The historical data trend for Spectral Medical'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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Spectral Medical Days Payable Chart

Spectral Medical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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137.29

429.76

352.28

558.64

638.18

Spectral Medical 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															1,263.91	779.58	755.52	841.56	688.22

Competitive Comparison of Spectral Medical's Days Payable

For the Diagnostics & Research subindustry, Spectral Medical'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.

Spectral Medical's Days Payable Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Spectral Medical's Days Payable distribution charts can be found below:

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

Spectral Medical 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.

Spectral Medical'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
=	( (1.147	+	1.091)	/	2 )	/	0.64	*	365
=	1.119					/	0.64	*	365
=	638.18

Spectral Medical'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
=	( (1.091	+	1.775)	/	2 )	/	0.19	*	365 / 4
=	1.433					/	0.19	*	365 / 4
=	688.22

Spectral Medical Days Payable Related Terms

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Spectral Medical (FRA:SD4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Spectral Medical Inc (FRA:SD4) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

EDTXF:USA SD4:Germany EDT:Canada

Address

135 - 2 The West Mall, Finance, Toronto, ON, CAN, M9C 1C2

Website

https://www.spectraldx.com

Spectral Medical Inc is focused on the development and commercialization of a treatment for septic shock utilizing its endotoxin activity assay (EAA) diagnostic and the toraymyxin therapeutic. The company also manufactures and sells proprietary reagents. The product line of the company consists of proprietary biochemical, EAA, and instrumentation. The company has one reporting segment Spectral Medical Inc. The Dialco Medical Inc. operations were considered discontinued by the company.

Spectral Medical (FRA:SD4) Headlines

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