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Argent Biopharma (Argent Biopharma) Days Payable : 807.03 (As of Dec. 2023)


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What is Argent Biopharma Days Payable?

Argent Biopharma's average Accounts Payable for the six months ended in Dec. 2023 was $1.56 Mil. Argent Biopharma's Cost of Goods Sold for the six months ended in Dec. 2023 was $0.35 Mil. Hence, Argent Biopharma's Days Payable for the six months ended in Dec. 2023 was 807.03.

The historical rank and industry rank for Argent Biopharma's Days Payable or its related term are showing as below:

RGTLF' s Days Payable Range Over the Past 10 Years
Min: 233.96   Med: 574.18   Max: 6253.67
Current: 891.16

During the past 13 years, Argent Biopharma's highest Days Payable was 6253.67. The lowest was 233.96. And the median was 574.18.

RGTLF's Days Payable is ranked better than
95.88% of 971 companies
in the Drug Manufacturers industry
Industry Median: 88.69 vs RGTLF: 891.16

Argent Biopharma's Days Payable increased from Dec. 2022 (354.22) to Dec. 2023 (807.03). It may suggest that Argent Biopharma delayed paying its suppliers.

Argent Biopharma Days Payable Historical Data

The historical data trend for Argent Biopharma'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.

Argent Biopharma Days Payable Chart

Argent Biopharma Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,041.28 304.44 334.80 240.73 454.99

Argent Biopharma Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 207.21 536.53 354.22 920.26 807.03

Competitive Comparison of Argent Biopharma's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Argent Biopharma'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.

Argent Biopharma's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Argent Biopharma's Days Payable distribution charts can be found below:

* The bar in red indicates where Argent Biopharma's Days Payable falls into.


Argent Biopharma 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.

Argent Biopharma's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

Days Payable (A: Jun. 2023 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Jun. 2022 ) + Accounts Payable (A: Jun. 2023 )) / count ) / Cost of Goods Sold (A: Jun. 2023 )*Days in Period
=( (1.774 + 1.467) / 2 ) / 1.3*365
=1.6205 / 1.3*365
=454.99

Argent Biopharma'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: Jun. 2023 ) + Accounts Payable (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (1.467 + 1.655) / 2 ) / 0.353*365 / 2
=1.561 / 0.353*365 / 2
=807.03

* 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.

Argent Biopharma Days Payable Related Terms

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Argent Biopharma (Argent Biopharma) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Argent Biopharma Ltd (OTCPK:RGTLF) » Definitions » Days Payable
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Traded in Other Exchanges
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Address
295 Rokeby Road, Suite 1, Subiaco, WA, AUS, 6008
Website
https://mgcpharma.co.uk
MGC Pharmaceuticals Ltd is a biopharma company with a Nature to Medicine strategy at the forefront of the emerging phytocannabinoid and plant-derived medicine markets. The company's mission is to build an innovative, global bio-pharma company providing standardized, affordable plant-derived medicines of the highest regulatory compliance for targeted global markets.