Alk-Abello AS (OCSE:ALK B) Days Payable : 29.07 (As of Jun. 2024)

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What is Alk-Abello AS Days Payable?

Alk-Abello AS's average Accounts Payable for the three months ended in Jun. 2024 was kr162 Mil. Alk-Abello AS's Cost of Goods Sold for the three months ended in Jun. 2024 was kr507 Mil. Hence, Alk-Abello AS's Days Payable for the three months ended in Jun. 2024 was 29.07.

The historical rank and industry rank for Alk-Abello AS's Days Payable or its related term are showing as below:

OCSE:ALK B' s Days Payable Range Over the Past 10 Years
Min: 19.34 Med: 32.47 Max: 47.11
Current: 26.73

During the past 13 years, Alk-Abello AS's highest Days Payable was 47.11. The lowest was 19.34. And the median was 32.47.

OCSE:ALK B's Days Payable is ranked worse than
85.44% of 721 companies
in the Biotechnology industry
Industry Median: 134.39 vs OCSE:ALK B: 26.73

Alk-Abello AS's Days Payable increased from Jun. 2023 (26.86) to Jun. 2024 (29.07). It may suggest that Alk-Abello AS delayed paying its suppliers.

Alk-Abello AS Days Payable Historical Data

The historical data trend for Alk-Abello AS'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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Alk-Abello AS Days Payable Chart

Alk-Abello AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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28.52

19.34

22.69

26.10

26.42

Alk-Abello AS Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															26.86	26.09	22.22	25.87	29.07

Competitive Comparison of Alk-Abello AS's Days Payable

For the Biotechnology subindustry, Alk-Abello AS'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.

Alk-Abello AS's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Alk-Abello AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Alk-Abello AS's Days Payable falls into.

Alk-Abello AS 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.

Alk-Abello AS'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
=	( (131	+	128)	/	2 )	/	1789	*	365
=	129.5					/	1789	*	365
=	26.42

Alk-Abello AS's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (134	+	189)	/	2 )	/	507	*	365 / 4
=	161.5					/	507	*	365 / 4
=	29.07

Alk-Abello AS Days Payable Related Terms

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Alk-Abello AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Alk-Abello AS (OCSE:ALK B) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AKBLF:USA 0OIR:UK 4AJ0:Germany

Address

Boge Alle 6-8, Horsholm, DNK, DK-2970

Website

https://www.alk.net

Alk-Abello A/S is a biotechnology company that focuses on pharmaceutical prevention, diagnosis, and treatment of allergies. The company is focused on respiratory diseases, including allergic rhinitis and allergic asthma. Moreover, the firm specializes in venom immunotherapy for patients suffering from bee and wasp allergies. The company's treatments induce a protective immune response that provides sustained symptom relief. Its primary focus is on allergy patients whose disease is not well controlled, despite the use of symptom-relieving medication.

Alk-Abello AS Headlines

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