Polaris Group (TPE:6550) Days Payable : 3.00 (As of Dec. 2024)

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What is Polaris Group Days Payable?

Polaris Group's average Accounts Payable for the three months ended in Dec. 2024 was NT$2.3 Mil. Polaris Group's Cost of Goods Sold for the three months ended in Dec. 2024 was NT$70.1 Mil. Hence, Polaris Group's Days Payable for the three months ended in Dec. 2024 was 3.00.

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

TPE:6550' s Days Payable Range Over the Past 10 Years
Min: 4.43 Med: 39.3 Max: 74.17
Current: 5.15

During the past 11 years, Polaris Group's highest Days Payable was 74.17. The lowest was 4.43. And the median was 39.30.

TPE:6550's Days Payable is ranked worse than
97.88% of 706 companies
in the Biotechnology industry
Industry Median: 118.34 vs TPE:6550: 5.15

Polaris Group's Days Payable declined from Dec. 2023 (23.43) to Dec. 2024 (3.00). It may suggest that Polaris Group accelerated paying its suppliers.

Polaris Group Days Payable Historical Data

The historical data trend for Polaris 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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Polaris Group Days Payable Chart

Polaris Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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74.17

4.43

Polaris Group Quarterly Data
	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															23.43	7.23	7.97	5.48	3.00

Competitive Comparison of Polaris Group's Days Payable

For the Biotechnology subindustry, Polaris 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.

Polaris Group's Days Payable Distribution in the Biotechnology Industry

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

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

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Polaris 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.

Polaris Group's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (2.143	+	2.325)	/	2 )	/	183.923	*	365
=	2.234					/	183.923	*	365
=	4.43

Polaris Group's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (2.281	+	2.325)	/	2 )	/	70.088	*	365 / 4
=	2.303					/	70.088	*	365 / 4
=	3.00

Polaris Group Days Payable Related Terms

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Polaris Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Polaris Group (TPE:6550) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

NO.298, Ruiguang Road, 7th floor, Neihu District, Taipei, TWN

Website

https://www.polarispharma.com

Polaris Group is a multinational biotechnology company focused on developing novel anti-cancer therapies. The company's lead therapeutic Pegargiminase (ADI PEG 20), is a biologic in late-stage clinical development for a wide range of cancers, including hepatocellular carcinoma, mesothelioma, pancreatic cancer, non-small cell lung cancer, melanoma, acute myeloid leukemia and others. Polaris Group is also involved in every stage of the drug development process.

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