Optigenex (Optigenex) Days Payable : 593.13 (As of Jun. 2008)

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What is Optigenex Days Payable?

Optigenex's average Accounts Payable for the three months ended in Jun. 2008 was $0.42 Mil. Optigenex's Cost of Goods Sold for the three months ended in Jun. 2008 was $0.06 Mil. Hence, Optigenex's Days Payable for the three months ended in Jun. 2008 was 593.13.

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

OPGX's Days Payable is not ranked ^*
in the Medical Diagnostics & Research industry.
Industry Median: 65.43
* Ranked among companies with meaningful Days Payable only.

Optigenex's Days Payable declined from Jun. 2007 (1,010.77) to Jun. 2008 (593.13). It may suggest that Optigenex accelerated paying its suppliers.

Optigenex Days Payable Historical Data

The historical data trend for Optigenex'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.

* Premium members only.

Optigenex Days Payable Chart

Optigenex Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Days Payable

1,382.24

469.29

83.30

189.24

Optigenex Quarterly Data
	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08
Days Payable	Get a 7-Day Free Trial											1,010.77	326.22	66.70	409.07	593.13

Competitive Comparison of Optigenex's Days Payable

For the Diagnostics & Research subindustry, Optigenex'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.

Optigenex's Days Payable Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Optigenex's Days Payable distribution charts can be found below:

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

Optigenex 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.

Optigenex's Days Payable for the fiscal year that ended in Dec. 2007 is calculated as

	Days Payable (A: Dec. 2007 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2006 )	+	Accounts Payable (A: Dec. 2007 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2007 )	*	Days in Period
=	( (0.249	+	0.341)	/	2 )	/	0.569	*	365
=	0.295					/	0.569	*	365
=	189.24

Optigenex's Days Payable for the quarter that ended in Jun. 2008 is calculated as:

	Days Payable (Q: Jun. 2008 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2008 )	+	Accounts Payable (Q: Jun. 2008 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2008 )	*	Days in Period
=	( (0.448	+	0.384)	/	2 )	/	0.064	*	365 / 4
=	0.416					/	0.064	*	365 / 4
=	593.13

Optigenex Days Payable Related Terms

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Optigenex (Optigenex) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Optigenex Inc (OTCPK:OPGX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

901 Sam Rayburn Highway, Melissa, TX, USA, 75454

Website

http://www.optigenex.com

Optigenex Inc is an applied sciences company dedicated to solutions for healthy age management. The company offers AC-11, a powdered and bioactive rainforest plant extract that helps the body to repair sun and environmental stress-related damage to DNA, and slow down the process of skin aging.

Executives

Richard S Serbin

director, 10 percent owner, officer: CEO, President & Secretary

750 LEXINGTON AVENUE, 6TH FLOOR, NEW YORK NY 10022

Optigenex (Optigenex) Headlines

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