Chordate Medical Holding AB (OSTO:CMH) Days Payable : 1,279.59 (As of Dec. 2023)

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What is Chordate Medical Holding AB Days Payable?

Chordate Medical Holding AB's average Accounts Payable for the three months ended in Dec. 2023 was kr2.45 Mil. Chordate Medical Holding AB's Cost of Goods Sold for the three months ended in Dec. 2023 was kr0.18 Mil. Hence, Chordate Medical Holding AB's Days Payable for the three months ended in Dec. 2023 was 1,279.59.

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

During the past 9 years, Chordate Medical Holding AB's highest Days Payable was 13543.93. The lowest was 794.91. And the median was 1355.15.

OSTO:CMH's Days Payable is not ranked ^*
in the Medical Devices & Instruments industry.
Industry Median: 72.55
* Ranked among companies with meaningful Days Payable only.

Chordate Medical Holding AB's Days Payable declined from Dec. 2022 (14,568.63) to Dec. 2023 (1,279.59). It may suggest that Chordate Medical Holding AB accelerated paying its suppliers.

Chordate Medical Holding AB Days Payable Historical Data

The historical data trend for Chordate Medical Holding 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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Chordate Medical Holding AB Days Payable Chart

Chordate Medical Holding AB Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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13,543.93

Chordate Medical Holding AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															14,568.63	10,197.19	-	-	1,279.59

Competitive Comparison of Chordate Medical Holding AB's Days Payable

For the Medical Devices subindustry, Chordate Medical Holding 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.

Chordate Medical Holding AB's Days Payable Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Chordate Medical Holding AB's Days Payable falls into.

Chordate Medical Holding 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.

Chordate Medical Holding 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
=	( (3.513	+	2.881)	/	2 )	/	-0.333	*	365
=	3.197					/	-0.333	*	365
=	N/A

Chordate Medical Holding AB's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2.027	+	2.881)	/	2 )	/	0.175	*	365 / 4
=	2.454					/	0.175	*	365 / 4
=	1,279.59

Chordate Medical Holding AB Days Payable Related Terms

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Chordate Medical Holding AB (OSTO:CMH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Chordate Medical Holding AB (OSTO:CMH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

K1Z:Germany

Address

c/o Regus, Kistagangen 20B, Kista, SWE, 164 40

Website

https://www.chordate.com

Chordate Medical Holding AB is a medical technology company that has developed and patented and CE-marked a new nerve-modulating treatment technology for chronic nasal congestion and chronic migraine. The company sells its products in Selected European markets, Israel and Saudi Arabia. The company's product range is based on the CE-marked treatment units Chordate System S100 and S120 for rhinitis and S220 for migraine, registered for the indications of preventive treatment of chronic migraine and chronic rhinitis and use on patients who are 18 years old or older. The company sells its product system, including treatments, through distributors to clinics and hospitals in its primary markets.

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