Ascendis Health (JSE:ASC) Days Payable: 109.13 (As of Jun. 2023)


JSE:ASC Ascendis Health Ltd JSE:ASC
11 GF Score
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What is Ascendis Health Days Payable?

Ascendis Health JSE:ASC 11 Days Payable is 109.13 as of Jun. 2023. GuruFocus rates JSE:ASC with a GF Score™ of 11/100.

Ascendis Health's average Accounts Payable for the six months ended in Jun. 2023 was R278 Mil. Ascendis Health's Cost of Goods Sold for the six months ended in Jun. 2023 was R466 Mil. Hence, Ascendis Health's Days Payable for the six months ended in Jun. 2023 was 109.13.

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

JSE:ASC's Days Payable is not ranked *
in the Medical Distribution industry.
Industry Median: 79.11
* Ranked among companies with meaningful Days Payable only.

Ascendis Health's Days Payable increased from Jun. 2022 (73.72) to Jun. 2023 (109.13). It may suggest that Ascendis Health delayed paying its suppliers.

Ascendis Health Days Payable Historical Data

* Premium members only.

The historical data trend for Ascendis 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.

Ascendis Health Days Payable Chart

Ascendis Health Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 151.38 339.31 234.14 113.17 87.05

Ascendis Health Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 178.70 94.98 73.72 121.97 109.13

JSE:ASC vs PHBI, GCAN, SGBI: Days Payable Comparison

For the Medical Distribution subindustry, Ascendis 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.

Ascendis Health Days Payable vs Medical Distribution Industry

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

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


JSE:ASC
11GF Score
Ascendis Health Ltd JSE:ASC
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Ascendis 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.

Ascendis Health's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

Days Payable (A: Jun. 2023 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Jun. 2022 ) + Accounts Payable (A: Jun. 2023 )) / count ) / Cost of Goods Sold (A: Jun. 2023 )*Days in Period
=( (254.585 + 189.439) / 2 ) / 930.906*365
=222.012 / 930.906*365
=87.05

Ascendis 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
=( (367.385 + 189.439) / 2 ) / 465.587*365 / 2
=278.412 / 465.587*365 / 2
=109.13

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 109.13 mean?
Ascendis Health (JSE:ASC) has a Days Payable of 109.13 as of Jun. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Ascendis Health and its competitors.
Is Ascendis Health's Days Payable too high?
Ascendis Health's current Days Payable is 109.13. The Medical Distribution industry median Days Payable is 79.11. Ascendis Health's value of 109.13 is 37.9% above this industry median. Overall, Ascendis Health has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Ascendis Health's Days Payable compare to PHBI and GCAN?
Ascendis Health's Days Payable of 109.13 can be compared against companies in the Medical Distribution industry. The industry median Days Payable is 79.11. Ascendis Health's value of 109.13 is 37.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Medical Distribution company?
The median Days Payable among Medical Distribution companies is 79.11, based on 117 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ascendis Health's current Days Payable of 109.13 is 37.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Ascendis Health and its competitors. For the Medical Distribution industry, the median Days Payable is 79.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ascendis Health's current Days Payable is 109.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ascendis Health stock overvalued right now?
Ascendis Health (JSE:ASC) has a current Days Payable of 109.13. The current Days Payable is 109.13 and 37.9% above the Medical Distribution industry median of 79.11. Ascendis Health's overall GF Score™ is 11/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Ascendis Health (JSE:ASC), the current Days Payable is 109.13 as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Ascendis Health Business Description

Address 1 Carey Street, Wynberg, Sandton, GT, ZAF, 2090
Ascendis Health Ltd is a health and wellness investment holding Company that holds investments in a number of companies that market and distribute a portfolio of brands, products, and medical devices. The company operates in two segments: i) Consumer Health (wellness, health supplements, speciality ingredients and compounded medicines) and ii) Medical Devices (distributor of medical devices, in vitro diagnostic products and orthopaedic equipment). The company generates the majority of its revenue from the Medical Devices segment.
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