Sandoz Group AG (Sandoz Group AG) Days Payable : 22.69 (As of Dec. 2023)

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What is Sandoz Group AG Days Payable?

Sandoz Group AG's average Accounts Payable for the three months ended in Dec. 2023 was $1,347 Mil. Sandoz Group AG's Cost of Goods Sold for the three months ended in Dec. 2023 was $5,415 Mil. Hence, Sandoz Group AG's Days Payable for the three months ended in Dec. 2023 was 22.69.

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

SDZNY' s Days Payable Range Over the Past 10 Years
Min: 81.47 Med: 87.55 Max: 93.62
Current: 93.62

During the past 2 years, Sandoz Group AG's highest Days Payable was 93.62. The lowest was 81.47. And the median was 87.55.

SDZNY's Days Payable is ranked better than
53.59% of 974 companies
in the Drug Manufacturers industry
Industry Median: 88.68 vs SDZNY: 93.62

Sandoz Group AG's Days Payable increased from . 20 (0.00) to Dec. 2023 (22.69). It may suggest that Sandoz Group AG delayed paying its suppliers.

Sandoz Group AG Days Payable Historical Data

The historical data trend for Sandoz Group AG'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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Sandoz Group AG Days Payable Chart

Sandoz Group AG Annual Data

Trend

Dec22

Dec23

Days Payable

81.47

90.76

Sandoz Group AG Quarterly Data
	Dec22	Dec23
Days Payable	20.37	22.69

Competitive Comparison of Sandoz Group AG's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Sandoz Group AG'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.

Sandoz Group AG's Days Payable Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Sandoz Group AG's Days Payable falls into.

Sandoz Group AG 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.

Sandoz Group AG'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
=	( (1100	+	1593)	/	2 )	/	5415	*	365
=	1346.5					/	5415	*	365
=	90.76

Sandoz Group AG'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: Dec. 2022 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1100	+	1593)	/	2 )	/	5415	*	365 / 4
=	1346.5					/	5415	*	365 / 4
=	22.69

Sandoz Group AG Days Payable Related Terms

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Sandoz Group AG (Sandoz Group AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Sandoz Group AG (OTCPK:SDZNY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SDZXF:USA SDZz:UK D8Y0:Germany SDZ:Switzerland

Address

Forum 1, Novartis Campus, Basel, CHE, CH-4056

Website

https://www.sandoz.com

Sandoz is one of the largest generic pharmaceutical manufacturers in the world, generating over $9 billion annually from off-patent drugs. Once part of Novartis, Sandoz spun off and went public in October 2023. Generics, including small molecules and complex injectables, make up roughly 75% of Sandoz's total sales, and the firm has a significant presence in Europe, the United States, and other key international markets. Sandoz generates its remaining sales from biosimilars and is among leaders in the space. Sandoz launched Europe's first biosimilar, Omnitrope, in 2006 as well as U.S.'s first biosimilar, Zarxio, in 2015. It currently has eight commercialized biosimilars in a number of markets and has over 20 assets in pipeline.

Sandoz Group AG (Sandoz Group AG) Headlines

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