Observe Medical ASA (OSL:OBSRV) Days Payable : 239.02 (As of Jun. 2023)

View and export this data going back to 2019. Start your Free Trial

What is Observe Medical ASA Days Payable?

Observe Medical ASA's average Accounts Payable for the three months ended in Jun. 2023 was kr9.46 Mil. Observe Medical ASA's Cost of Goods Sold for the three months ended in Jun. 2023 was kr3.61 Mil. Hence, Observe Medical ASA's Days Payable for the three months ended in Jun. 2023 was 239.02.

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

OSL:OBSRV' s Days Payable Range Over the Past 10 Years
Min: 125.73 Med: 331.42 Max: 1438.8
Current: 282.72

During the past 8 years, Observe Medical ASA's highest Days Payable was 1438.80. The lowest was 125.73. And the median was 331.42.

OSL:OBSRV's Days Payable is ranked better than
86.71% of 790 companies
in the Medical Devices & Instruments industry
Industry Median: 72.585 vs OSL:OBSRV: 282.72

Observe Medical ASA's Days Payable increased from Jun. 2022 (143.16) to Jun. 2023 (239.02). It may suggest that Observe Medical ASA delayed paying its suppliers.

Observe Medical ASA Days Payable Historical Data

The historical data trend for Observe Medical 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.

* Premium members only.

Observe Medical ASA Days Payable Chart

Observe Medical ASA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

1,438.80

478.75

125.73

187.96

258.83

Observe Medical ASA Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															86.26	95.19	197.79	239.02	-

Competitive Comparison of Observe Medical ASA's Days Payable

For the Medical Devices subindustry, Observe Medical 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.

Observe Medical ASA's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Observe Medical ASA's Days Payable distribution charts can be found below:

* The bar in red indicates where Observe Medical ASA's Days Payable falls into.

Observe Medical 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.

Observe Medical 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
=	( (8.61	+	17.847)	/	2 )	/	18.655	*	365
=	13.2285					/	18.655	*	365
=	258.83

Observe Medical ASA's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (8.414	+	10.503)	/	2 )	/	3.611	*	365 / 4
=	9.4585					/	3.611	*	365 / 4
=	239.02

Observe Medical ASA Days Payable Related Terms

Thank you for viewing the detailed overview of Observe Medical ASA's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Observe Medical ASA (OSL:OBSRV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Observe Medical ASA (OSL:OBSRV) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

OM5A:Germany

Address

Dronning Eufemias gate 16, Oslo, NOR, 0191

Website

https://www.observemedical.com

Observe Medical ASA through its subsidiaries develops medical technology products that benefit patients and healthcare professionals. It has developed the product Sippi which is an automatic and digital urine meter and the technology Sippcoat which prevents bacterial migration in closed collection systems.

Observe Medical ASA (OSL:OBSRV) Headlines

No Headlines