Spago Nanomedical AB (OSTO:SPAGO) Days Payable : 153.20 (As of Mar. 2024)

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What is Spago Nanomedical AB Days Payable?

Spago Nanomedical AB's average Accounts Payable for the three months ended in Mar. 2024 was kr5.34 Mil. Spago Nanomedical AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr3.18 Mil. Hence, Spago Nanomedical AB's Days Payable for the three months ended in Mar. 2024 was 153.20.

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

OSTO:SPAGO' s Days Payable Range Over the Past 10 Years
Min: 50.1 Med: 88.45 Max: 349.59
Current: 76.71

During the past 13 years, Spago Nanomedical AB's highest Days Payable was 349.59. The lowest was 50.10. And the median was 88.45.

OSTO:SPAGO's Days Payable is ranked worse than
64.36% of 724 companies
in the Biotechnology industry
Industry Median: 150.695 vs OSTO:SPAGO: 76.71

Spago Nanomedical AB's Days Payable increased from Mar. 2023 (39.15) to Mar. 2024 (153.20). It may suggest that Spago Nanomedical AB delayed paying its suppliers.

Spago Nanomedical AB Days Payable Historical Data

The historical data trend for Spago Nanomedical 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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Spago Nanomedical AB Days Payable Chart

Spago Nanomedical AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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349.59

50.10

94.05

82.85

Spago Nanomedical AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															39.15	90.34	70.60	43.59	153.20

Competitive Comparison of Spago Nanomedical AB's Days Payable

For the Biotechnology subindustry, Spago Nanomedical 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.

Spago Nanomedical AB's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Spago Nanomedical AB's Days Payable distribution charts can be found below:

* The bar in red indicates where Spago Nanomedical AB's Days Payable falls into.

Spago Nanomedical 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.

Spago Nanomedical 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
=	( (4.725	+	6.391)	/	2 )	/	24.486	*	365
=	5.558					/	24.486	*	365
=	82.85

Spago Nanomedical 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
=	( (6.391	+	4.287)	/	2 )	/	3.18	*	365 / 4
=	5.339					/	3.18	*	365 / 4
=	153.20

Spago Nanomedical AB Days Payable Related Terms

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Spago Nanomedical AB (OSTO:SPAGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Spago Nanomedical AB (OSTO:SPAGO) » Definitions » Days Payable

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Traded in Other Exchanges

7UX:Germany

Address

Scheelevagen 22, Lund, SWE, SE-223 63

Website

https://www.spagonanomedical.se

Spago Nanomedical AB is a nanomedicine company in the field of cancer diagnosis and treatment. The company's product includes SpagoPix and Tumorad. The SpagoPix product aims to improve cancer diagnosis with magnetic resonance imaging through previous detection of tumors and metastases. The Tumorad products focuses on the development of a completely new form of radionuclide therapy for tumor selective radiation therapy of cancer. The company development projects are based on a platform of polymeric materials with varoious properties for precise diagnosis and treatment of life threatening and debilitating diseases.

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