QTIH (QT Imaging Holdings) Days Payable : 171.32 (As of Sep. 2024)

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What is QT Imaging Holdings Days Payable?

QT Imaging Holdings's average Accounts Payable for the three months ended in Sep. 2024 was $0.66 Mil. QT Imaging Holdings's Cost of Goods Sold for the three months ended in Sep. 2024 was $0.35 Mil. Hence, QT Imaging Holdings's Days Payable for the three months ended in Sep. 2024 was 171.32.

The historical rank and industry rank for QT Imaging Holdings's Days Payable or its related term are showing as below:

QTIH' s Days Payable Range Over the Past 10 Years
Min: 86.5 Med: 91.69 Max: 148.53
Current: 148.53

During the past 3 years, QT Imaging Holdings's highest Days Payable was 148.53. The lowest was 86.50. And the median was 91.69.

QTIH's Days Payable is ranked better than
79.01% of 791 companies
in the Medical Devices & Instruments industry
Industry Median: 69.21 vs QTIH: 148.53

QT Imaging Holdings's Days Payable increased from Sep. 2023 (0.00) to Sep. 2024 (171.32). It may suggest that QT Imaging Holdings delayed paying its suppliers.

QT Imaging Holdings Days Payable Historical Data

The historical data trend for QT Imaging Holdings'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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QT Imaging Holdings Days Payable Chart

QT Imaging Holdings Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

96.87

86.50

QT Imaging Holdings Quarterly Data
	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial				-	-	112.17	68.63	171.32

Competitive Comparison of QT Imaging Holdings's Days Payable

For the Medical Devices subindustry, QT Imaging Holdings'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.

QT Imaging Holdings's Days Payable Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where QT Imaging Holdings's Days Payable falls into.

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QT Imaging Holdings 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.

QT Imaging Holdings'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
=	( (0.195	+	0.768)	/	2 )	/	0	*	365
=	0.4815					/	0	*	365
=	N/A

QT Imaging Holdings'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
=	( (0.55	+	0.768)	/	2 )	/	0.351	*	365 / 4
=	0.659					/	0.351	*	365 / 4
=	171.32

QT Imaging Holdings Days Payable Related Terms

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QT Imaging Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » QT Imaging Holdings Inc (OTCPK:QTIH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Hamilton Landing, Suite 160, Novato, CA, USA, 94949

Website

https://www.qtimaging.com

QT Imaging Holdings Inc is engaged in the research, development and commercialization of an automated breast imaging system producing high-resolution transmission ultrasound images.