THER (Theralink Technologies) Days Payable: 2,288.14 (As of Dec. 2023)

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What is Theralink Technologies Days Payable?

Theralink Technologies THER -99.00% Days Payable is 2,288.14 as of Dec. 2023.

Theralink Technologies's average Accounts Payable for the three months ended in Dec. 2023 was $1.33 Mil. Theralink Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.05 Mil. Hence, Theralink Technologies's Days Payable for the three months ended in Dec. 2023 was 2,288.14.

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

THER's Days Payable is not ranked *
in the Biotechnology industry.
Industry Median: 112.84
* Ranked among companies with meaningful Days Payable only.

Theralink Technologies's Days Payable declined from Dec. 2022 (5,922.95) to Dec. 2023 (2,288.14). It may suggest that Theralink Technologies accelerated paying its suppliers.


Theralink Technologies Days Payable Historical Data

* Premium members only.

The historical data trend for Theralink Technologies'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.

Theralink Technologies Days Payable Chart

Theralink Technologies Annual Data
Trend Feb14 Feb15 Dec16 Dec17 Dec18 Dec19 Sep20 Sep21 Sep22 Sep23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 4,341.39 2,536.44 1,435.67 2,862.06

Theralink Technologies Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 5,922.95 2,319.86 1,616.95 2,691.88 2,288.14

THER vs AXIM, ISCO, RMTG: Days Payable Comparison

For the Biotechnology subindustry, Theralink Technologies'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.


Theralink Technologies Days Payable vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Theralink Technologies's Days Payable distribution charts can be found below:

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



Theralink Technologies 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.

Theralink Technologies'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
=( (0.747 + 1.229) / 2 ) / 0.126*365
=0.988 / 0.126*365
=2,862.06

Theralink Technologies'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: Sep. 2023 ) + Accounts Payable (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (1.229 + 1.429) / 2 ) / 0.053*365 / 4
=1.329 / 0.053*365 / 4
=2,288.14

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 2,288.14 mean?
Theralink Technologies (THER) has a Days Payable of 2,288.14 as of Dec. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Theralink Technologies and its competitors.
Is Theralink Technologies' Days Payable too high?
Theralink Technologies' current Days Payable is 2,288.14. The Biotechnology industry median Days Payable is 112.84. Theralink Technologies' value of 2,288.14 is 1927.8% above this industry median.
How does Theralink Technologies' Days Payable compare to AXIM and ISCO?
Theralink Technologies' Days Payable of 2,288.14 can be compared against companies in the Biotechnology industry. The industry median Days Payable is 112.84. Theralink Technologies' value of 2,288.14 is 1927.8% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Biotechnology company?
The median Days Payable among Biotechnology companies is 112.84, based on 703 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Theralink Technologies's current Days Payable of 2,288.14 is 1927.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Theralink Technologies and its competitors. For the Biotechnology industry, the median Days Payable is 112.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Theralink Technologies's current Days Payable is 2,288.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Theralink Technologies stock overvalued right now?
Theralink Technologies (THER) has a current Days Payable of 2,288.14. The current Days Payable is 2,288.14 and 1927.8% above the Biotechnology industry median of 112.84. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Theralink Technologies (THER), the current Days Payable is 2,288.14 as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Theralink Technologies Business Description

Address 15000 West 6th Avenue, Suite 400, Golden, CO, USA, 80401
Theralink Technologies Inc is a proteomics-based, precision medicine and molecular profiling company that specializes in patented Reverse Phase Protein Array (RPPA) and protein biomarker assay services that target multiple areas of oncology. The company provides precision oncology data through its Theralink Reverse Phase Protein Array (RPPA) assays to assist the biopharmaceutical industry and clinical oncologists in identifying likely responders and non-responders to both FDA-approved and investigational drug treatments. The firm is currently generating revenue with its multiple biopharma contracts and by testing breast cancer patients with its patented Theralink assay.