Surmodics (STU:SU6) Days Payable : 15.16 (As of Mar. 2024)

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What is Surmodics Days Payable?

Surmodics's average Accounts Payable for the three months ended in Mar. 2024 was €2.6 Mil. Surmodics's Cost of Goods Sold for the three months ended in Mar. 2024 was €15.9 Mil. Hence, Surmodics's Days Payable for the three months ended in Mar. 2024 was 15.16.

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

STU:SU6' s Days Payable Range Over the Past 10 Years
Min: 9.42 Med: 14.12 Max: 16.96
Current: 15.75

During the past 13 years, Surmodics's highest Days Payable was 16.96. The lowest was 9.42. And the median was 14.12.

STU:SU6's Days Payable is ranked worse than
96.17% of 783 companies
in the Medical Devices & Instruments industry
Industry Median: 72.46 vs STU:SU6: 15.75

Surmodics's Days Payable increased from Mar. 2023 (14.29) to Mar. 2024 (15.16). It may suggest that Surmodics delayed paying its suppliers.

Surmodics Days Payable Historical Data

The historical data trend for Surmodics'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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Surmodics Days Payable Chart

Surmodics Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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12.31

10.43

9.41

11.93

16.25

Surmodics 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															14.29	15.88	14.83	14.73	15.16

Competitive Comparison of Surmodics's Days Payable

For the Medical Devices subindustry, Surmodics'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.

Surmodics's Days Payable Distribution in the Medical Devices & Instruments Industry

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

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

Surmodics 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.

Surmodics's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (3.167	+	2.804)	/	2 )	/	67.052	*	365
=	2.9855					/	67.052	*	365
=	16.25

Surmodics'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
=	( (2.367	+	2.931)	/	2 )	/	15.943	*	365 / 4
=	2.649					/	15.943	*	365 / 4
=	15.16

Surmodics Days Payable Related Terms

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Surmodics (STU:SU6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Surmodics Inc (STU:SU6) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SRDX:USA SU6:Germany

Address

9924 West 74th Street, Eden Prairie, MN, USA, 55344

Website

https://www.surmodics.com

Surmodics Inc is a provider of surface modification and in vitro diagnostic technologies to the healthcare industry. The company's mission is to improve the treatment and detection of disease by using its technology to provide solutions to difficult medical devices and diagnostic challenges. It has two reportable segments: Medical device unit; Manufacture of performance coatings, including surface modification coating technologies and the Vitro diagnostics unit; Manufacture of chemical and biological components used in in vitro diagnostic immunoassay and molecular tests within the diagnostic and biomedical research markets. Surmodics derives majority of its revenue from the Medical Device segment.

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