Rua Bioscience (NZSE:RUA) Days Payable : 2,203.69 (As of Dec. 2023)

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What is Rua Bioscience Days Payable?

Rua Bioscience's average Accounts Payable for the six months ended in Dec. 2023 was NZ$0.24 Mil. Rua Bioscience's Cost of Goods Sold for the six months ended in Dec. 2023 was NZ$0.02 Mil. Hence, Rua Bioscience's Days Payable for the six months ended in Dec. 2023 was 2,203.69.

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

NZSE:RUA' s Days Payable Range Over the Past 10 Years
Min: 318.84 Med: 732.59 Max: 1146.33
Current: 405.04

During the past 3 years, Rua Bioscience's highest Days Payable was 1146.33. The lowest was 318.84. And the median was 732.59.

NZSE:RUA's Days Payable is ranked better than
91.86% of 971 companies
in the Drug Manufacturers industry
Industry Median: 88.69 vs NZSE:RUA: 405.04

Rua Bioscience's Days Payable increased from Dec. 2022 (465.97) to Dec. 2023 (2,203.69). It may suggest that Rua Bioscience delayed paying its suppliers.

Rua Bioscience Days Payable Historical Data

The historical data trend for Rua Bioscience'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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Rua Bioscience Days Payable Chart

Rua Bioscience Annual Data

Trend

Jun21

Jun22

Jun23

Days Payable

1,146.33

318.84

Rua Bioscience Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			-	-	465.97	245.16	2,203.69

Competitive Comparison of Rua Bioscience's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Rua Bioscience'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.

Rua Bioscience's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Rua Bioscience's Days Payable distribution charts can be found below:

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

Rua Bioscience 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.

Rua Bioscience's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0.317	+	0.277)	/	2 )	/	0.34	*	365
=	0.297					/	0.34	*	365
=	318.84

Rua Bioscience'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
=	( (0.277	+	0.206)	/	2 )	/	0.02	*	365 / 2
=	0.2415					/	0.02	*	365 / 2
=	2,203.69

Rua Bioscience Days Payable Related Terms

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Rua Bioscience (NZSE:RUA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Rua Bioscience Ltd (NZSE:RUA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Commerce Place, Awapuni, Gisborne, NZL, 4071

Website

https://www.ruabio.com

Rua Bioscience Ltd is a pharmaceutical company engaged in the production of cannabinoid medicines. The company caters to both domestic and international customers. It operates in one segment, being research and development and the sale of pharmaceutical products in Germany and New Zealand.

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