Avricore Health (TSXV:AVCR) Days Payable : 57.25 (As of Sep. 2023)

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What is Avricore Health Days Payable?

Avricore Health's average Accounts Payable for the three months ended in Sep. 2023 was C$0.43 Mil. Avricore Health's Cost of Goods Sold for the three months ended in Sep. 2023 was C$0.69 Mil. Hence, Avricore Health's Days Payable for the three months ended in Sep. 2023 was 57.25.

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

TSXV:AVCR' s Days Payable Range Over the Past 10 Years
Min: 42.46 Med: 4414.22 Max: 17155
Current: 73.53

During the past 13 years, Avricore Health's highest Days Payable was 17155.00. The lowest was 42.46. And the median was 4414.22.

TSXV:AVCR's Days Payable is ranked better than
52.88% of 208 companies
in the Medical Diagnostics & Research industry
Industry Median: 68.79 vs TSXV:AVCR: 73.53

Avricore Health's Days Payable increased from Jun. 2022 (41.79) to Sep. 2023 (57.25). It may suggest that Avricore Health delayed paying its suppliers.

Avricore Health Days Payable Historical Data

The historical data trend for Avricore Health'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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Avricore Health Days Payable Chart

Avricore Health Annual Data

Trend

Jun13

Jun14

Jun15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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4,414.22

8,183.68

8,577.50

339.21

42.46

Avricore Health Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															41.79	54.34	33.77	78.81	57.25

Competitive Comparison of Avricore Health's Days Payable

For the Diagnostics & Research subindustry, Avricore Health'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.

Avricore Health's Days Payable Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Avricore Health's Days Payable distribution charts can be found below:

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

Avricore Health 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.

Avricore Health's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.044	+	0.261)	/	2 )	/	1.311	*	365
=	0.1525					/	1.311	*	365
=	42.46

Avricore Health's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.29	+	0.577)	/	2 )	/	0.691	*	365 / 4
=	0.4335					/	0.691	*	365 / 4
=	57.25

Avricore Health Days Payable Related Terms

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Avricore Health (TSXV:AVCR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Avricore Health Inc (TSXV:AVCR) » Definitions » Days Payable

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AVCRF:USA 8VP1:Germany

Address

1120 - 789 West Pender Street, Vancouver, BC, CAN, V6C 1H2

Website

https://www.avricorehealth.com

Avricore Health Inc is a Canada based company. The company is involved in the business of health data and point-of-care technologies. The Company has only one segment, being the HealthTab - Point of Care Business in Canada. The Company's revenues are generated from operating leases of the POCT system and sale of testing panels.

Avricore Health (TSXV:AVCR) Headlines

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