IRMD (iRadimed) Days Payable : 27.83 (As of Sep. 2024)

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What is iRadimed Days Payable?

iRadimed's average Accounts Payable for the three months ended in Sep. 2024 was $1.26 Mil. iRadimed's Cost of Goods Sold for the three months ended in Sep. 2024 was $4.13 Mil. Hence, iRadimed's Days Payable for the three months ended in Sep. 2024 was 27.83.

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

IRMD' s Days Payable Range Over the Past 10 Years
Min: 26.91 Med: 41.26 Max: 63.04
Current: 32.67

During the past 13 years, iRadimed's highest Days Payable was 63.04. The lowest was 26.91. And the median was 41.26.

IRMD's Days Payable is ranked worse than
83.14% of 795 companies
in the Medical Devices & Instruments industry
Industry Median: 69.26 vs IRMD: 32.67

iRadimed's Days Payable declined from Sep. 2023 (66.36) to Sep. 2024 (27.83). It may suggest that iRadimed accelerated paying its suppliers.

iRadimed Days Payable Historical Data

The historical data trend for iRadimed'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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iRadimed Days Payable Chart

iRadimed Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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37.00

26.91

39.20

43.31

40.55

iRadimed Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															52.41	34.05	28.01	27.83	32.50

Competitive Comparison of iRadimed's Days Payable

For the Medical Devices subindustry, iRadimed'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.

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

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

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

iRadimed 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.

iRadimed'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
=	( (1.799	+	1.857)	/	2 )	/	15.404	*	365
=	1.828					/	15.404	*	365
=	43.31

iRadimed's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (1.121	+	1.401)	/	2 )	/	4.134	*	365 / 4
=	1.261					/	4.134	*	365 / 4
=	27.83

iRadimed Days Payable Related Terms

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iRadimed Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » iRadimed Corp (NAS:IRMD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

46K:Germany

Address

1025 Willa Springs Drive, Winter Springs, FL, USA, 32708

Website

https://www.iradimed.com

iRadimed Corp develops, manufactures, markets and distributes a Magnetic Resonance Imaging (MRI) compatible intravenous (IV) infusion pump system, and MRI compatible patient vital signs monitoring system, and accessories and services relating to them. The company provides a non-magnetic IV infusion pump system which is designed to be safe for use during MRI procedures. The MRI products of the company are sold to hospitals and acute care facilities in the United States and internationally. It generates majority revenue from United States.

Executives

John Glenn	officer: Chief Financial Officer	7900 HOPYARD ROAD, APT 210, PLEASANTON CA 94577
Anthony Vuoto	director
Monty K Allen	director
Roger E. Susi	director, 10 percent owner, officer: CEO, President, Chairman	C/O IRADIMED CORPORATION, 1025 WILLA SPRINGS DR., WINTER SPRINGS FL 32708
James B Hawkins	director	C/O IRADIMED CORPORATION, 1025 WILLA SPRINGS DR., WINTER SPRINGS FL 32708
Hilda Frederique Scharen-guivel	director	440 PALM ISLAND SE, CLEARWATER BEACH FL 33767
Christopher K. Scott	officer: CHIEF FINANCIAL OFFICER & SECR	C/O IRADIMED CORPORATION, 1025 WILLA SPRINGS DR., WINTER SPRINGS FL 32708
Brent Johnson	officer: Exec. VP. Sales & Marketing	4900 HOPYARD RD, SUITE 210, PLEASITAN CA 94588
Steven M. Nardi	officer: VP MANUFACTURING	C/O IRADIMED CORPORATION, 1025 WILLA SPRINGS DR., WINTER SPRINGS FL 32708
Louis S. Waldman	officer: CONTROLLER	C/O IRADIMED CORPORATION, 1025 WILLA SPRINGS DR., WINTER SPRINGS FL 32708
Leslie L Mcdonnell	director, officer: Chief Exec Officer & Director	1501 INDUSTRIAL ROAD, SAN CARLOS CA 94070
Francis X. Casey	officer: VP OF REG AND QUAL ASSURANCE	C/O IRADIMED CORPORATION, 1025 WILLA SPRINGS DR., WINTER SPRINGS FL 32708
John K Mccreery	officer: Chief Operating Officer	IRADIMED CORP, 1025 WILLA SPRINGS BLVD, WINTER SPRINGS FL 32708
Jonathan Kennedy	director	INTERSIL CORPORATION, 1001 MURPHY RANCH ROAD, MILPITAS CA 95035
Serge Novovich	director	C/O IRADIMED CORPORATION, 1025 WILLA SPRINGS DR., WINTER SPRINGS FL 32708