Polarean Imaging (LSE:POLX) Days Payable : 4,288.75 (As of Jun. 2023)

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What is Polarean Imaging Days Payable?

Polarean Imaging's average Accounts Payable for the six months ended in Jun. 2023 was £1.10 Mil. Polarean Imaging's Cost of Goods Sold for the six months ended in Jun. 2023 was £0.05 Mil. Hence, Polarean Imaging's Days Payable for the six months ended in Jun. 2023 was 4,288.75.

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

LSE:POLX' s Days Payable Range Over the Past 10 Years
Min: 113.6 Med: 258.16 Max: 2915.6
Current: 2915.6

During the past 7 years, Polarean Imaging's highest Days Payable was 2915.60. The lowest was 113.60. And the median was 258.16.

LSE:POLX's Days Payable is ranked better than
97.59% of 789 companies
in the Medical Devices & Instruments industry
Industry Median: 72.79 vs LSE:POLX: 2915.60

Polarean Imaging's Days Payable increased from Jun. 2022 (433.07) to Jun. 2023 (4,288.75). It may suggest that Polarean Imaging delayed paying its suppliers.

Polarean Imaging Days Payable Historical Data

The historical data trend for Polarean Imaging'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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Polarean Imaging Days Payable Chart

Polarean Imaging Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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313.54

215.02

560.94

212.98

258.16

Polarean Imaging Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial								835.53	725.22	433.07	1,732.22	4,288.75

Competitive Comparison of Polarean Imaging's Days Payable

For the Medical Devices subindustry, Polarean Imaging'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.

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

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

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

Polarean Imaging 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.

Polarean Imaging'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. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.305	+	0.49)	/	2 )	/	0.562	*	365
=	0.3975					/	0.562	*	365
=	258.16

Polarean Imaging'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
=	( (0.49	+	1.719)	/	2 )	/	0.047	*	365 / 2
=	1.1045					/	0.047	*	365 / 2
=	4,288.75

Polarean Imaging Days Payable Related Terms

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Polarean Imaging (LSE:POLX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Polarean Imaging PLC (LSE:POLX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PLLWF:USA 8ZF:Germany

Address

27-28 Eastcastle Street, London, GBR, W1W 8DH

Website

https://www.polarean.com

Polarean Imaging PLC designs and manufactures medical drug-device combination companies operating in the high-resolution medical imaging market. Its only operating segment being the development and commercialization of gas polariser devices and ancillary instruments. Geographically, it derives most of the revenue from the United States of America and also has a presence in Canada and the United Kingdom. The company generates revenue from products and services such as Polarisers, Parts and Upgrades, Service and other revenue. Its product portfolio includes 9820 129Xe Hyperpolarizer, 9800 129Xe Hyperpolarizer, Polarean 3777 129Xe Hyperpolarizer Upgrade Module, Polarean 2881 Polarization Measurement Station, and others.

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