Hofseth BioCare ASA (OSL:HBC) Days Payable : 127.64 (As of Sep. 2024)

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What is Hofseth BioCare ASA Days Payable?

Hofseth BioCare ASA's average Accounts Payable for the three months ended in Sep. 2024 was kr68.6 Mil. Hofseth BioCare ASA's Cost of Goods Sold for the three months ended in Sep. 2024 was kr49.0 Mil. Hence, Hofseth BioCare ASA's Days Payable for the three months ended in Sep. 2024 was 127.64.

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

OSL:HBC' s Days Payable Range Over the Past 10 Years
Min: 145.02 Med: 286.62 Max: 822.34
Current: 191.06

During the past 13 years, Hofseth BioCare ASA's highest Days Payable was 822.34. The lowest was 145.02. And the median was 286.62.

OSL:HBC's Days Payable is ranked better than
60.08% of 714 companies
in the Biotechnology industry
Industry Median: 127.37 vs OSL:HBC: 191.06

Hofseth BioCare ASA's Days Payable declined from Sep. 2023 (540.53) to Sep. 2024 (127.64). It may suggest that Hofseth BioCare ASA accelerated paying its suppliers.

Hofseth BioCare ASA Days Payable Historical Data

The historical data trend for Hofseth BioCare ASA'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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Hofseth BioCare ASA Days Payable Chart

Hofseth BioCare ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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189.40

529.38

591.54

535.82

243.33

Hofseth BioCare ASA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															540.53	236.56	192.87	125.41	127.64

Competitive Comparison of Hofseth BioCare ASA's Days Payable

For the Biotechnology subindustry, Hofseth BioCare ASA'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.

Hofseth BioCare ASA's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Hofseth BioCare ASA's Days Payable distribution charts can be found below:

* The bar in red indicates where Hofseth BioCare ASA's Days Payable falls into.

Hofseth BioCare ASA 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.

Hofseth BioCare ASA'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
=	( (145.752	+	55.161)	/	2 )	/	150.688	*	365
=	100.4565					/	150.688	*	365
=	243.33

Hofseth BioCare ASA's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (70.46	+	66.657)	/	2 )	/	49.014	*	365 / 4
=	68.5585					/	49.014	*	365 / 4
=	127.64

Hofseth BioCare ASA Days Payable Related Terms

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Hofseth BioCare ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Hofseth BioCare ASA (OSL:HBC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

HOFBF:USA HBCO:Sweden HBQ:Germany

Address

Kipervikgata 13, Aalesund, NOR, 6003

Website

https://www.hofsethbiocare.com

Hofseth BioCare ASA is a Norway based company engaged in the business of development, manufacturing, marketing and sale of marine ingredients such as oil, calcium and protein products. It is also involved in cooperation, participation, and ownership in the businesses engaged in related activities. The group operates in the business segment of producing salmon oil, soluble protein, calcium, and nonwater soluble protein. The brands under the company are OmeGo, PetGo, ProGo, and CalGo. The firm sells products to various segments of the human nutrition market such as sports nutrition, supplements, and health foods, as well as to the market within nutrition to pet and feed industry. It generates the majority of the revenue from the sale of salmon oil.

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