NIOX Group (LSE:NIOX) Days Payable : 59.66 (As of Dec. 2023)

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What is NIOX Group Days Payable?

NIOX Group's average Accounts Payable for the six months ended in Dec. 2023 was £1.70 Mil. NIOX Group's Cost of Goods Sold for the six months ended in Dec. 2023 was £5.20 Mil. Hence, NIOX Group's Days Payable for the six months ended in Dec. 2023 was 59.66.

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

LSE:NIOX' s Days Payable Range Over the Past 10 Years
Min: 20.05 Med: 331.05 Max: 857.13
Current: 46.07

During the past 13 years, NIOX Group's highest Days Payable was 857.13. The lowest was 20.05. And the median was 331.05.

LSE:NIOX's Days Payable is ranked worse than
70.05% of 798 companies
in the Medical Devices & Instruments industry
Industry Median: 71.375 vs LSE:NIOX: 46.07

NIOX Group's Days Payable increased from Dec. 2022 (17.85) to Dec. 2023 (59.66). It may suggest that NIOX Group delayed paying its suppliers.

NIOX Group Days Payable Historical Data

The historical data trend for NIOX 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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NIOX Group Days Payable Chart

NIOX Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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565.55

343.39

116.88

20.05

28.35

NIOX Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															34.76	18.25	17.85	50.10	59.66

Competitive Comparison of NIOX Group's Days Payable

For the Medical Devices subindustry, NIOX 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.

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

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

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

NIOX 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.

NIOX 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
=	( (0.5	+	1.1)	/	2 )	/	10.3	*	365
=	0.8					/	10.3	*	365
=	28.35

NIOX 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
=	( (2.3	+	1.1)	/	2 )	/	5.2	*	365 / 2
=	1.7					/	5.2	*	365 / 2
=	59.66

NIOX Group Days Payable Related Terms

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NIOX Group Business Description

Industry

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

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Traded in Other Exchanges

82C:Germany

Address

Edmund Halley Road, Hayakawa Building, The Oxford Science Park, Oxford, GBR, OX4 4GB

Website

https://investors.niox.com

NIOX Group PLC is a medical device company that develops a range of therapies for asthma, chronic obstructive pulmonary disease, and allergy. The company has a single operating segment: NIOX. The NIOX segment relates to the portfolio of products used to improve asthma diagnosis and management by measuring fractional exhaled nitric oxide (FeNO). Geographically, it derives a majority of its revenue from the Asia Pacific and also has a presence in the European Union, the United States, the United Kingdom, and the Rest of the world.

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