BICO Group AB (OSTO:BICO) Days Payable : 48.12 (As of Mar. 2024)

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What is BICO Group AB Days Payable?

BICO Group AB's average Accounts Payable for the three months ended in Mar. 2024 was kr148 Mil. BICO Group AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr280 Mil. Hence, BICO Group AB's Days Payable for the three months ended in Mar. 2024 was 48.12.

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

OSTO:BICO' s Days Payable Range Over the Past 10 Years
Min: 71.62 Med: 208.34 Max: 3382.8
Current: 71.62

During the past 8 years, BICO Group AB's highest Days Payable was 3382.80. The lowest was 71.62. And the median was 208.34.

OSTO:BICO's Days Payable is ranked worse than
51.02% of 788 companies
in the Medical Devices & Instruments industry
Industry Median: 73.105 vs OSTO:BICO: 71.62

BICO Group AB's Days Payable declined from Mar. 2023 (53.89) to Mar. 2024 (48.12). It may suggest that BICO Group AB accelerated paying its suppliers.

BICO Group AB Days Payable Historical Data

The historical data trend for BICO Group AB'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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BICO Group AB Days Payable Chart

BICO Group AB Annual Data

Trend

Aug16

Aug17

Aug18

Aug19

Aug20

Dec21

Dec22

Dec23

Days Payable

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231.35

339.13

99.82

129.33

96.88

BICO Group AB Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															53.89	80.44	83.28	101.80	48.12

Competitive Comparison of BICO Group AB's Days Payable

For the Medical Devices subindustry, BICO Group AB'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.

BICO Group AB's Days Payable Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where BICO Group AB's Days Payable falls into.

BICO Group AB 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.

BICO Group AB'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
=	( (132.6	+	170.2)	/	2 )	/	570.4	*	365
=	151.4					/	570.4	*	365
=	96.88

BICO Group AB's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (170.2	+	125.3)	/	2 )	/	280.2	*	365 / 4
=	147.75					/	280.2	*	365 / 4
=	48.12

BICO Group AB Days Payable Related Terms

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BICO Group AB (OSTO:BICO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » BICO Group AB (OSTO:BICO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

BCCOY:USA CLLKF:USA BICOs:UK 49Z:Germany

Address

Långfilsgatan 9, Gothenburg, SWE, 41277

Website

https://www.bico.com

BICO Group AB is a bio-convergence company. It is divided into three business areas: Bioprinting (CELLINK, MatTek, Visikol, and Nanoscribe), Biosciences (CYTENA, CYTENA Bioprocess Solutions, Dispendix, and Discover Echo), and Bioautomation (SCIENION, CELLENION, and Ginolis).

BICO Group AB (OSTO:BICO) Headlines

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