Probiotix Health (FRA:X90) Days Payable : 234.25 (As of Jun. 2023)

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What is Probiotix Health Days Payable?

Probiotix Health's average Accounts Payable for the six months ended in Jun. 2023 was €0.43 Mil. Probiotix Health's Cost of Goods Sold for the six months ended in Jun. 2023 was €0.34 Mil. Hence, Probiotix Health's Days Payable for the six months ended in Jun. 2023 was 234.25.

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

FRA:X90' s Days Payable Range Over the Past 10 Years
Min: 0 Med: 0 Max: 397.53
Current: 397.53

During the past 4 years, Probiotix Health's highest Days Payable was 397.53. The lowest was 0.00. And the median was 0.00.

FRA:X90's Days Payable is ranked better than
71.82% of 724 companies
in the Biotechnology industry
Industry Median: 150.695 vs FRA:X90: 397.53

Probiotix Health's Days Payable declined from Jun. 2022 (246.85) to Jun. 2023 (234.25). It may suggest that Probiotix Health accelerated paying its suppliers.

Probiotix Health Days Payable Historical Data

The historical data trend for Probiotix Health'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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Probiotix Health Days Payable Chart

Probiotix Health Annual Data

Trend

Dec18

Dec19

Dec20

Dec22

Days Payable

Probiotix Health Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial			-	-	246.85	-	234.25

Competitive Comparison of Probiotix Health's Days Payable

For the Biotechnology subindustry, Probiotix Health'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.

Probiotix Health's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Probiotix Health's Days Payable distribution charts can be found below:

* The bar in red indicates where Probiotix Health's Days Payable falls into.

Probiotix Health 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.

Probiotix Health's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2020 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0	+	0.183)	/	1 )	/	0	*	365
=	0.183					/	0	*	365
=	N/A

Probiotix Health's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.183	+	0.677)	/	2 )	/	0.335	*	365 / 2
=	0.43					/	0.335	*	365 / 2
=	234.25

Probiotix Health Days Payable Related Terms

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Probiotix Health (FRA:X90) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Probiotix Health PLC (FRA:X90) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PBX:UK X90:Germany

Address

Nostell Business Estate, First Floor Zucchi Suite, Wakefield, GBR, WF4 1AB

Website

https://www.probiotixhealth-ir.com

Probiotix Health PLC develops probiotics to tackle cardiovascular disease and other lifestyle conditions which are affecting growing numbers of people across the world. The Company has one class of business, in three geographical areas being that of identifying and developing microbial strains, compounds and formulations for use in the nutraceutical industry.

Probiotix Health (FRA:X90) Headlines

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