Braxia Scientific (XCNQ:BRAX) Days Payable : 299.46 (As of Dec. 2023)

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What is Braxia Scientific Days Payable?

Braxia Scientific's average Accounts Payable for the three months ended in Dec. 2023 was C$1.35 Mil. Braxia Scientific's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.41 Mil. Hence, Braxia Scientific's Days Payable for the three months ended in Dec. 2023 was 299.46.

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

XCNQ:BRAX' s Days Payable Range Over the Past 10 Years
Min: 186.66 Med: 387.96 Max: 836.71
Current: 220.43

During the past 3 years, Braxia Scientific's highest Days Payable was 836.71. The lowest was 186.66. And the median was 387.96.

XCNQ:BRAX's Days Payable is ranked better than
58.92% of 723 companies
in the Biotechnology industry
Industry Median: 148.78 vs XCNQ:BRAX: 220.43

Braxia Scientific's Days Payable increased from Dec. 2022 (121.16) to Dec. 2023 (299.46). It may suggest that Braxia Scientific delayed paying its suppliers.

Braxia Scientific Days Payable Historical Data

The historical data trend for Braxia Scientific'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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Braxia Scientific Days Payable Chart

Braxia Scientific Annual Data

Trend

Mar21

Mar22

Mar23

Days Payable

836.71

387.96

186.66

Braxia Scientific Quarterly Data
	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												121.16	159.27	209.77	251.28	299.46

Competitive Comparison of Braxia Scientific's Days Payable

For the Biotechnology subindustry, Braxia Scientific'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.

Braxia Scientific's Days Payable Distribution in the Biotechnology Industry

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

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

Braxia Scientific 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.

Braxia Scientific's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0.66	+	1.091)	/	2 )	/	1.712	*	365
=	0.8755					/	1.712	*	365
=	186.66

Braxia Scientific'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
=	( (1.298	+	1.393)	/	2 )	/	0.41	*	365 / 4
=	1.3455					/	0.41	*	365 / 4
=	299.46

Braxia Scientific Days Payable Related Terms

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Braxia Scientific (XCNQ:BRAX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Braxia Scientific Corp (XCNQ:BRAX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

BRAXF:USA 4960:Germany

Address

700 Bay Street, Suite 1903, Toronto, ON, CAN, M5G 1Z6

Website

https://www.braxiascientific.com

Braxia Scientific Corp is a research-driven medical solutions company that aims to reduce the illness burden of brain-based mental disorders such as depressive disorder among others. It is primarily focused on owning and operating multidisciplinary clinics, providing treatment for mental health disorders, and research activities related to discovering and commercializing novel drugs and delivery methods. The company develops ketamine and psilocybin derivatives and other psychedelic products from its IP development platform.

Braxia Scientific (XCNQ:BRAX) Headlines

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