Opsens (TSX:OPS) Days Payable : 80.42 (As of Aug. 2023)

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What is Opsens Days Payable?

Opsens's average Accounts Payable for the three months ended in Aug. 2023 was C$5.26 Mil. Opsens's Cost of Goods Sold for the three months ended in Aug. 2023 was C$5.97 Mil. Hence, Opsens's Days Payable for the three months ended in Aug. 2023 was 80.42.

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

TSX:OPS' s Days Payable Range Over the Past 10 Years
Min: 26.59 Med: 41.48 Max: 93.56
Current: 93.56

During the past 13 years, Opsens's highest Days Payable was 93.56. The lowest was 26.59. And the median was 41.48.

TSX:OPS's Days Payable is not ranked
in the Medical Devices & Instruments industry.
Industry Median: 72.905 vs TSX:OPS: 93.56

Opsens's Days Payable increased from Aug. 2022 (79.13) to Aug. 2023 (80.42). It may suggest that Opsens delayed paying its suppliers.

Opsens Days Payable Historical Data

The historical data trend for Opsens'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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Opsens Days Payable Chart

Opsens Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Days Payable

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41.37

47.24

26.59

34.55

41.67

Opsens Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23
Days Payable	Get a 7-Day Free Trial															79.13	99.12	128.84	122.01	80.42

Competitive Comparison of Opsens's Days Payable

For the Medical Instruments & Supplies subindustry, Opsens'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.

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

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

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

Opsens 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.

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

	Days Payable (A: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2022 )	+	Accounts Payable (A: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2023 )	*	Days in Period
=	( (2.439	+	2.212)	/	2 )	/	20.372	*	365
=	2.3255					/	20.372	*	365
=	41.67

Opsens's Days Payable for the quarter that ended in Aug. 2023 is calculated as:

	Days Payable (Q: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: May. 2023 )	+	Accounts Payable (Q: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Aug. 2023 )	*	Days in Period
=	( (8.304	+	2.212)	/	2 )	/	5.966	*	365 / 4
=	5.258					/	5.966	*	365 / 4
=	80.42

Opsens Days Payable Related Terms

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Opsens (TSX:OPS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Opsens Inc (TSX:OPS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

750, Boulevard du Parc-Technologique, Quebec, QC, CAN, G1P 4S3

Website

https://www.opsens.com

OpSens Inc. is engaged in physiological measurements such as Fractional Flow Reserve (FFR) and Diastolic Pressure Ratio (dPR) in the coronary artery disease market and in transcatheter aortic valve replacement (TAVR) in the structural heart market. It operates in two segments that are Medical and Industrial. In Medical segment it supplies an optical-based pressure guidewire (OptoWire), a guidewire used in the TAVR procedure (SavvyWire) and a wide range of miniature optical sensors to measure pressure and temperature to be used in a wide range of applications that can be integrated into other medical devices. Industrial segment includes developing, manufacturing and installing fibre optic sensing solutions for industrial applications. Majority of its revenue is derived from Medical segment.

Executives

Alan Milinazzo	Director
Robin Villeneuve	Senior Officer
Fiera Capital Corporation (formerly Fiera Sceptre Inc.)	10% Security Holder

Opsens (TSX:OPS) Headlines

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