Genomma Lab InternacionalB de CV (MEX:LABB) Days Payable : 117.37 (As of Mar. 2024)

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What is Genomma Lab InternacionalB de CV Days Payable?

Genomma Lab InternacionalB de CV's average Accounts Payable for the three months ended in Mar. 2024 was MXN1,875 Mil. Genomma Lab InternacionalB de CV's Cost of Goods Sold for the three months ended in Mar. 2024 was MXN1,458 Mil. Hence, Genomma Lab InternacionalB de CV's Days Payable for the three months ended in Mar. 2024 was 117.37.

The historical rank and industry rank for Genomma Lab InternacionalB de CV's Days Payable or its related term are showing as below:

MEX:LABB' s Days Payable Range Over the Past 10 Years
Min: 85.53 Med: 105.64 Max: 164.97
Current: 107.99

During the past 13 years, Genomma Lab InternacionalB de CV's highest Days Payable was 164.97. The lowest was 85.53. And the median was 105.64.

MEX:LABB's Days Payable is ranked better than
61.15% of 973 companies
in the Drug Manufacturers industry
Industry Median: 88.69 vs MEX:LABB: 107.99

Genomma Lab InternacionalB de CV's Days Payable increased from Mar. 2023 (95.68) to Mar. 2024 (117.37). It may suggest that Genomma Lab InternacionalB de CV delayed paying its suppliers.

Genomma Lab InternacionalB de CV Days Payable Historical Data

The historical data trend for Genomma Lab InternacionalB de CV'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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Genomma Lab InternacionalB de CV Days Payable Chart

Genomma Lab InternacionalB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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144.56

121.82

95.02

88.56

103.77

Genomma Lab InternacionalB de CV Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															95.68	92.87	106.84	123.71	117.37

Competitive Comparison of Genomma Lab InternacionalB de CV's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Genomma Lab InternacionalB de CV'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.

Genomma Lab InternacionalB de CV's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Genomma Lab InternacionalB de CV's Days Payable distribution charts can be found below:

* The bar in red indicates where Genomma Lab InternacionalB de CV's Days Payable falls into.

Genomma Lab InternacionalB de CV 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.

Genomma Lab InternacionalB de CV'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
=	( (1790.38	+	1839.397)	/	2 )	/	6383.9	*	365
=	1814.8885					/	6383.9	*	365
=	103.77

Genomma Lab InternacionalB de CV's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1839.397	+	1910.354)	/	2 )	/	1457.649	*	365 / 4
=	1874.8755					/	1457.649	*	365 / 4
=	117.37

Genomma Lab InternacionalB de CV Days Payable Related Terms

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Genomma Lab InternacionalB de CV (MEX:LABB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Genomma Lab Internacional SAB de CV (MEX:LABB) » Definitions » Days Payable

Traded in Other Exchanges

GNMLF:USA GEKA:Germany

Address

Avenida Antonio Dovalí Jaime, Number 70, Tower C, Floor 2, Office A. Colonia Santa Fe, Del. Alvaro Obregon, Mexico, MEX, MEX, CP 01210

Website

https://www.genommalab.com

Genomma Lab Internacional SAB de CV is a specialty and generic drug manufacturer. The company's stated goal is to improve and preserve the health and well-being of people through innovative, safe, and effective products. Genomma operates a wide variety of brands to serve different consumer needs, including pregnancy, pain medication, and deodorant. The company considers merger and acquisition investment as a potential component of its operational growth strategy for expanding its research, development, manufacturing, and marketing capabilities.

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