MICR (Micron Solutions) Days Payable: 22.19 (As of Mar. 2023)

What is Micron Solutions Days Payable?

Micron Solutions MICR 16 Days Payable is 22.19 as of Mar. 2023. GuruFocus rates MICR with a GF Score™ of 16/100.

Micron Solutions's average Accounts Payable for the three months ended in Mar. 2023 was $1.18 Mil. Micron Solutions's Cost of Goods Sold for the three months ended in Mar. 2023 was $4.85 Mil. Hence, Micron Solutions's Days Payable for the three months ended in Mar. 2023 was 22.19.

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

MICR's Days Payable is not ranked ^*
in the Medical Devices & Instruments industry.
Industry Median: 67.87
* Ranked among companies with meaningful Days Payable only.

Micron Solutions's Days Payable increased from Mar. 2022 (15.71) to Mar. 2023 (22.19). It may suggest that Micron Solutions delayed paying its suppliers.

Micron Solutions Days Payable Related Terms

Micron Solutions Days Payable Historical Data

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The historical data trend for Micron Solutions'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.

Micron Solutions Days Payable Chart

Micron Solutions Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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28.94

23.67

14.11

12.44

17.06

Micron Solutions Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Days Payable	Get a 7-Day Free Trial															15.71	14.91	17.30	16.39	22.19

MICR vs AIMD, RSLS, NUWE: Days Payable Comparison

For the Medical Devices subindustry, Micron Solutions'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.

Micron Solutions Days Payable vs Medical Devices & Instruments Industry

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

* The bar in red indicates where Micron Solutions's Days Payable falls into.

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16GF Score

Micron Solutions Inc MICR

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Micron Solutions 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.

Micron Solutions'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
=	( (0.769	+	1.074)	/	2 )	/	19.715	*	365
=	0.9215					/	19.715	*	365
=	17.06

Micron Solutions's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

	Days Payable (Q: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (1.074	+	1.287)	/	2 )	/	4.854	*	365 / 4
=	1.1805					/	4.854	*	365 / 4
=	22.19

Frequently Asked Questions Learn more about Days Payable →

What does a Days Payable of 22.19 mean?

Micron Solutions (MICR) has a Days Payable of 22.19 as of Mar. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Micron Solutions and its competitors.

Is Micron Solutions' Days Payable too high?

Micron Solutions' current Days Payable is 22.19. The Medical Devices & Instruments industry median Days Payable is 67.87. Micron Solutions' value of 22.19 is 67.3% below this industry median. Overall, Micron Solutions has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.

How does Micron Solutions' Days Payable compare to AIMD and RSLS?

Micron Solutions' Days Payable of 22.19 can be compared against companies in the Medical Devices & Instruments industry. The industry median Days Payable is 67.87. Micron Solutions' value of 22.19 is 67.3% below 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 Devices & Instruments company?

The median Days Payable among Medical Devices & Instruments companies is 67.87, based on 795 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. Micron Solutions's current Days Payable of 22.19 is 67.3% below 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 Micron Solutions and its competitors. For the Medical Devices & Instruments industry, the median Days Payable is 67.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Micron Solutions's current Days Payable is 22.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Micron Solutions stock overvalued right now?

Micron Solutions (MICR) has a current Days Payable of 22.19. The current Days Payable is 22.19 and 67.3% below the Medical Devices & Instruments industry median of 67.87. Micron Solutions' overall GF Score™ is 16/100. 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 Micron Solutions (MICR), the current Days Payable is 22.19 as of Mar. 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.

Micron Solutions Business Description

Industry Healthcare Medical Devices & Instruments

Comparable Companies AIMD RSLS NUWE OPGN NURO THMO AEMD BSGM NMRD VYCO ABT SYK MDT BSX EW SZSE:300760 DXCM ZBH ALGN STE

Address 25 Sawyer Passway, Fitchburg, MA, USA, 01420

Website https://micronsolutionsinc.com

Micron Solutions Inc is a diversified contract manufacturing organization that produces engineered medical device components requiring precision machining and injection molding. It provides design, engineering, quality, and regulatory expertise across the three product lines, machining, thermoplastic injection molding, and sensors. It's engaged in the production and sale of silver chloride-coated and conductive resin sensors used as consumable component parts in the manufacture of integrated disposable electrophysiological sensors. It also provides other value-added services, including the design, manufacture, and rehabilitation of injection molding tools, pad printing, ultrasonic welding, stamping, laser marking, clean room molding, and others.

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