NXGL (NexGel) Days Payable : 56.42 (As of Dec. 2024)

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What is NexGel Days Payable?

NexGel's average Accounts Payable for the three months ended in Dec. 2024 was $1.40 Mil. NexGel's Cost of Goods Sold for the three months ended in Dec. 2024 was $2.26 Mil. Hence, NexGel's Days Payable for the three months ended in Dec. 2024 was 56.42.

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

NXGL' s Days Payable Range Over the Past 10 Years
Min: 20.77 Med: 73.59 Max: 220.89
Current: 77.78

During the past 9 years, NexGel's highest Days Payable was 220.89. The lowest was 20.77. And the median was 73.59.

NXGL's Days Payable is ranked better than
54.99% of 791 companies
in the Medical Devices & Instruments industry
Industry Median: 69.21 vs NXGL: 77.78

NexGel's Days Payable declined from Dec. 2023 (90.00) to Dec. 2024 (56.42). It may suggest that NexGel accelerated paying its suppliers.

NexGel Days Payable Historical Data

The historical data trend for NexGel'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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NexGel Days Payable Chart

NexGel Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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220.89

107.87

52.86

73.59

77.58

NexGel Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															90.00	105.46	101.79	75.67	56.42

Competitive Comparison of NexGel's Days Payable

For the Medical Instruments & Supplies subindustry, NexGel'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.

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

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

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

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NexGel 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.

NexGel's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (1.233	+	1.292)	/	2 )	/	5.94	*	365
=	1.2625					/	5.94	*	365
=	77.58

NexGel's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (1.505	+	1.292)	/	2 )	/	2.262	*	365 / 4
=	1.3985					/	2.262	*	365 / 4
=	56.42

NexGel Days Payable Related Terms

Thank you for viewing the detailed overview of NexGel's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

NexGel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » NexGel Inc (NAS:NXGL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2150 Cabot Boulevard West, Suite B, Langhorne, PA, USA, 19047

Website

https://www.nexgel.com

NexGel Inc manufactures high water content, electron beam cross-linked, aqueous polymer hydrogels, or gels, used for wound care, medical diagnostics, transdermal drug delivery, and cosmetics. The company specializes in custom gels by capitalizing on proprietary manufacturing technologies. The gels and consumer products are manufactured using proprietary and non-proprietary mixing, coating, and cross-linking technologies.

Executives

Scott Robert Henry	director	34A ATLANTIC AVE., COHASSET MA 02025
Adam R. Levy	officer: CEO and President	2 AVENUE OF TWO RIVER SOUTH, RUMSON NJ 07760
Jerome B Zeldis	director	8767 E. VIA DE VENTURA, SUITE 190, SCOTTSDALE AZ 85258
Drapczuk Adam E Iii	officer: Chief Financial Officer	6 OAKMONT TERRACE, EAST WINDSOR NJ 08520
Steven Mark Glassman	director	99 LEWIS POINT ROAD, FAIR HAVEN NJ 07704
Nachum Stein	director	QUADRAX CORP, 618 MAIN ST PO BOX 1001, WEST WARWICK RI 02893
David Stefansky	director	850 THIRD AVENUE, SUITE 1801, NEW YORK NY 10022
Yaakov Spinrad	director	3450 OAKTON ST, SKOKIE IL 60076
Miranda Jayne Toledano	director	C/O COMPASS THERAPEUTICS, INC., 80 GUEST STREET, SUITE 601, BOSTON MA 02135
Bezalel Partners Llc	10 percent owner	C/O KRIEGER & PRAGER LLP, 39 BROADWAY, STE 920, NEW YORK NY 10006
David Ian Johnson	director, officer: Chief Executive Officer	C/O ALLIQUA, INC., 850 3RD AVENUE, 18TH FLOOR, NEW YORK NY 10022
Adynxx, Inc.	10 percent owner	100 PINE ST., STE. 500, SAN FRANCISCO CA 94111