Modern Dental Group (STU:1MD) Days Payable : 18.53 (As of Dec. 2023)

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What is Modern Dental Group Days Payable?

Modern Dental Group's average Accounts Payable for the six months ended in Dec. 2023 was €8.8 Mil. Modern Dental Group's Cost of Goods Sold for the six months ended in Dec. 2023 was €86.6 Mil. Hence, Modern Dental Group's Days Payable for the six months ended in Dec. 2023 was 18.53.

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

STU:1MD' s Days Payable Range Over the Past 10 Years
Min: 17.94 Med: 20.28 Max: 27.41
Current: 18.61

During the past 10 years, Modern Dental Group's highest Days Payable was 27.41. The lowest was 17.94. And the median was 20.28.

STU:1MD's Days Payable is ranked worse than
93.79% of 789 companies
in the Medical Devices & Instruments industry
Industry Median: 72.79 vs STU:1MD: 18.61

Modern Dental Group's Days Payable declined from Dec. 2022 (19.87) to Dec. 2023 (18.53). It may suggest that Modern Dental Group accelerated paying its suppliers.

Modern Dental Group Days Payable Historical Data

The historical data trend for Modern Dental Group'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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Modern Dental Group Days Payable Chart

Modern Dental Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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19.43

23.86

18.62

18.99

19.62

Modern Dental Group Semi-Annual Data
	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														20.56	19.38	19.87	18.29	18.53

Competitive Comparison of Modern Dental Group's Days Payable

For the Medical Instruments & Supplies subindustry, Modern Dental Group'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.

Modern Dental Group's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Modern Dental Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Modern Dental Group's Days Payable falls into.

Modern Dental Group 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.

Modern Dental Group'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
=	( (9.166	+	9.404)	/	2 )	/	172.761	*	365
=	9.285					/	172.761	*	365
=	19.62

Modern Dental Group'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
=	( (8.171	+	9.404)	/	2 )	/	86.55	*	365 / 2
=	8.7875					/	86.55	*	365 / 2
=	18.53

Modern Dental Group Days Payable Related Terms

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Modern Dental Group (STU:1MD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Modern Dental Group Ltd (STU:1MD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

03600:Hong Kong

Address

77 Wing Hong Street, Room 01-07, 09-16, 17th Floor, CEO Tower, Cheung Sha Wan, Kowloon, Hong Kong, HKG

Website

https://www.moderndentalgp.com

Modern Dental Group Ltd, along with its subsidiaries, is engaged in providing dental prosthetic devices. Its product portfolio is categorized into three segments, Fixed prosthetic devices such as crowns and bridges; Removable prosthetic devices such as removable dentures; and Other devices such as orthodontic devices, sports guards, and anti-snoring devices, raw materials, dental equipment, and services of educational events and seminars rendered. It generates a majority of the revenue from the sale of the Fixed prosthetic devices segment. Its geographical segments are Europe, North America, Australia, Greater China, and other countries.

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