Nova Pharma Solutions Bhd (XKLS:03006) Days Payable : 29.31 (As of Dec. 2023)

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What is Nova Pharma Solutions Bhd Days Payable?

Nova Pharma Solutions Bhd's average Accounts Payable for the six months ended in Dec. 2023 was RM0.26 Mil. Nova Pharma Solutions Bhd's Cost of Goods Sold for the six months ended in Dec. 2023 was RM1.62 Mil. Hence, Nova Pharma Solutions Bhd's Days Payable for the six months ended in Dec. 2023 was 29.31.

The historical rank and industry rank for Nova Pharma Solutions Bhd's Days Payable or its related term are showing as below:

XKLS:03006' s Days Payable Range Over the Past 10 Years
Min: 1.21 Med: 12.92 Max: 31.21
Current: 30.87

During the past 9 years, Nova Pharma Solutions Bhd's highest Days Payable was 31.21. The lowest was 1.21. And the median was 12.92.

XKLS:03006's Days Payable is not ranked
in the Construction industry.
Industry Median: 75.22 vs XKLS:03006: 30.87

Nova Pharma Solutions Bhd's Days Payable increased from Dec. 2022 (20.04) to Dec. 2023 (29.31). It may suggest that Nova Pharma Solutions Bhd delayed paying its suppliers.

Nova Pharma Solutions Bhd Days Payable Historical Data

The historical data trend for Nova Pharma Solutions Bhd'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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Nova Pharma Solutions Bhd Days Payable Chart

Nova Pharma Solutions Bhd Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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13.53

9.99

12.92

31.02

31.21

Nova Pharma Solutions Bhd Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial											11.04	11.41	20.04	31.86	29.31

Competitive Comparison of Nova Pharma Solutions Bhd's Days Payable

For the Engineering & Construction subindustry, Nova Pharma Solutions Bhd'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.

Nova Pharma Solutions Bhd's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Nova Pharma Solutions Bhd's Days Payable distribution charts can be found below:

* The bar in red indicates where Nova Pharma Solutions Bhd's Days Payable falls into.

Nova Pharma Solutions Bhd 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.

Nova Pharma Solutions Bhd's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0.384	+	0.226)	/	2 )	/	3.567	*	365
=	0.305					/	3.567	*	365
=	31.21

Nova Pharma Solutions Bhd'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.295	+	0.226)	/	2 )	/	1.622	*	365 / 2
=	0.2605					/	1.622	*	365 / 2
=	29.31

Nova Pharma Solutions Bhd Days Payable Related Terms

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Nova Pharma Solutions Bhd (XKLS:03006) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Nova Pharma Solutions Bhd (XKLS:03006) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Jalan USJ 25/1, Level 5, Suite C-5-1 & 2, Block C, Sky Park, One City, Subang Jaya, SGR, MYS, 47650

Website

http://www.novapharmasolutions.com

Nova Pharma Solutions Bhd provides engineering solutions to pharma and biotech industries. The company's reportable segments include Design fee, Post Design, & Other support fees. Design fee comprises conceptual designs which include user requirement specification, capacity analysis and process scheduling with detailed costing, list of deliverables, details specification of various equipment and processes. Post design fee comprise tendering and procurement support as well as the construction of a plant, & Other support fees comprise of services to assist a customer in the good manufacturing practice document review & gap analysis and assessment. It generates a majority of its revenue from the Design fee segment. Geographically, the company generates a majority of its revenue from Malaysia.

Nova Pharma Solutions Bhd (XKLS:03006) Headlines

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