FIT Biotech Oy (OHEL:FITBIO) Days Payable : 386.66 (As of Jun. 2018)

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What is FIT Biotech Oy Days Payable?

FIT Biotech Oy's average Accounts Payable for the six months ended in Jun. 2018 was €0.42 Mil. FIT Biotech Oy's Cost of Goods Sold for the six months ended in Jun. 2018 was €0.20 Mil. Hence, FIT Biotech Oy's Days Payable for the six months ended in Jun. 2018 was 386.66.

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

OHEL:FITBIO' s Days Payable Range Over the Past 10 Years
Min: 1 Med: 1362.58 Max: 2993
Current: 1

During the past 5 years, FIT Biotech Oy's highest Days Payable was 2993.00. The lowest was 1.00. And the median was 1362.58.

OHEL:FITBIO's Days Payable is not ranked
in the Biotechnology industry.
Industry Median: 148.28 vs OHEL:FITBIO: 1.00

FIT Biotech Oy's Days Payable increased from Jun. 2017 (339.31) to Jun. 2018 (386.66). It may suggest that FIT Biotech Oy delayed paying its suppliers.

FIT Biotech Oy Days Payable Historical Data

The historical data trend for FIT Biotech Oy'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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FIT Biotech Oy Days Payable Chart

FIT Biotech Oy Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Days Payable

565.75

1,616.43

2,062.25

235.89

356.90

FIT Biotech Oy Semi-Annual Data
	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18
Days Payable	Get a 7-Day Free Trial				158.26	126.64	339.31	438.96	386.66

Competitive Comparison of FIT Biotech Oy's Days Payable

For the Biotechnology subindustry, FIT Biotech Oy'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.

FIT Biotech Oy's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, FIT Biotech Oy's Days Payable distribution charts can be found below:

* The bar in red indicates where FIT Biotech Oy's Days Payable falls into.

FIT Biotech Oy 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.

FIT Biotech Oy's Days Payable for the fiscal year that ended in Dec. 2017 is calculated as

	Days Payable (A: Dec. 2017 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2016 )	+	Accounts Payable (A: Dec. 2017 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2017 )	*	Days in Period
=	( (0.404	+	0.433)	/	2 )	/	0.428	*	365
=	0.4185					/	0.428	*	365
=	356.90

FIT Biotech Oy's Days Payable for the quarter that ended in Jun. 2018 is calculated as:

	Days Payable (Q: Jun. 2018 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2017 )	+	Accounts Payable (Q: Jun. 2018 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2018 )	*	Days in Period
=	( (0.433	+	0.406)	/	2 )	/	0.198	*	365 / 2
=	0.4195					/	0.198	*	365 / 2
=	386.66

FIT Biotech Oy Days Payable Related Terms

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FIT Biotech Oy (OHEL:FITBIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » FIT Biotech Oy (OHEL:FITBIO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Biokatu 12, Tampere, FIN, FI-33520

Website

http://www.fitbiotech.com

FIT Biotech Oy is a clinical-stage biotechnology company. It is primarily focused on developing antibody therapies for cancer immunotherapy as well as Deoxyribonucleic acid (DNA) vaccines for the prevention of infectious diseases such as Human immunodeficiency virus (HIV). The firm's GTU technology enables the production of antibodies in the human body instead of using industrially manufactured antibodies. The GTU technology platform has various application areas. The group generates revenue through the sales of services related to the HIV vaccine. The organization is based in Finland.

FIT Biotech Oy (OHEL:FITBIO) Headlines

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