Creo Medical Group (LSE:CREO) Days Payable : 127.50 (As of Dec. 2023)

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What is Creo Medical Group Days Payable?

Creo Medical Group's average Accounts Payable for the six months ended in Dec. 2023 was £5.10 Mil. Creo Medical Group's Cost of Goods Sold for the six months ended in Dec. 2023 was £7.30 Mil. Hence, Creo Medical Group's Days Payable for the six months ended in Dec. 2023 was 127.50.

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

LSE:CREO' s Days Payable Range Over the Past 10 Years
Min: 80.62 Med: 102.17 Max: 32895.63
Current: 113.82

During the past 9 years, Creo Medical Group's highest Days Payable was 32895.63. The lowest was 80.62. And the median was 102.17.

LSE:CREO's Days Payable is ranked better than
68.62% of 784 companies
in the Medical Devices & Instruments industry
Industry Median: 72.505 vs LSE:CREO: 113.82

Creo Medical Group's Days Payable declined from Dec. 2022 (183.76) to Dec. 2023 (127.50). It may suggest that Creo Medical Group accelerated paying its suppliers.

Creo Medical Group Days Payable Historical Data

The historical data trend for Creo Medical Group'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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Creo Medical Group Days Payable Chart

Creo Medical Group Annual Data

Trend

Feb14

Feb15

Feb16

Jun17

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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32,895.63

114.43

80.62

102.17

82.42

Creo Medical Group Semi-Annual Data
	Feb14	Feb15	Feb16	Dec16	Jun17	Dec17	Jun18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial												179.56	168.79	183.76	131.31	127.50

Competitive Comparison of Creo Medical Group's Days Payable

For the Medical Devices subindustry, Creo Medical Group'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.

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

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

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

Creo Medical Group 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.

Creo Medical Group'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
=	( (4.3	+	2.7)	/	2 )	/	15.5	*	365
=	3.5					/	15.5	*	365
=	82.42

Creo Medical Group's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (7.5	+	2.7)	/	2 )	/	7.3	*	365 / 2
=	5.1					/	7.3	*	365 / 2
=	127.50

Creo Medical Group Days Payable Related Terms

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Creo Medical Group (LSE:CREO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Creo Medical Group PLC (LSE:CREO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

1RC:Germany

Address

Beaufort Park Way, Unit 2, Creo House, Beaufort Park, Chepstow, GBR, NP16 5UH

Website

https://www.creomedical.com

Creo Medical Group PLC is a medical device company engaged in providing services in the field of surgical endoscopy. The company has developed a platform called Croma which is an electrosurgical platform to deliver microwave and bipolar radiofrequency through a single accessory port. The reportable segment of the company is the research and development of electrosurgical medical devices relating to the field of surgical endoscopy.

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