CS Medica AS (XSAT:CSMED) Days Payable : 455.72 (As of Mar. 2024)

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What is CS Medica AS Days Payable?

CS Medica AS's average Accounts Payable for the three months ended in Mar. 2024 was kr6.85 Mil. CS Medica AS's Cost of Goods Sold for the three months ended in Mar. 2024 was kr1.37 Mil. Hence, CS Medica AS's Days Payable for the three months ended in Mar. 2024 was 455.72.

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

XSAT:CSMED' s Days Payable Range Over the Past 10 Years
Min: 40.56 Med: 76.94 Max: 7507.55
Current: 673.55

During the past 5 years, CS Medica AS's highest Days Payable was 7507.55. The lowest was 40.56. And the median was 76.94.

XSAT:CSMED's Days Payable is ranked better than
93.61% of 783 companies
in the Medical Devices & Instruments industry
Industry Median: 72.46 vs XSAT:CSMED: 673.55

CS Medica AS's Days Payable increased from Mar. 2023 (0.00) to Mar. 2024 (455.72). It may suggest that CS Medica AS delayed paying its suppliers.

CS Medica AS Days Payable Historical Data

The historical data trend for CS Medica AS'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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CS Medica AS Days Payable Chart

CS Medica AS Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

40.56

76.94

117.82

51.73

7,507.55

CS Medica AS Quarterly Data
	Sep19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial												-	1,085.17	15,835.38	418.00	455.72

Competitive Comparison of CS Medica AS's Days Payable

For the Medical Devices subindustry, CS Medica AS'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.

CS Medica AS's Days Payable Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where CS Medica AS's Days Payable falls into.

CS Medica AS 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.

CS Medica AS's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (1.186	+	5.108)	/	2 )	/	0.153	*	365
=	3.147					/	0.153	*	365
=	7,507.55

CS Medica AS's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (4.521	+	9.173)	/	2 )	/	1.371	*	365 / 4
=	6.847					/	1.371	*	365 / 4
=	455.72

CS Medica AS Days Payable Related Terms

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CS Medica AS (XSAT:CSMED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » CS Medica AS (XSAT:CSMED) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

8G8:Germany

Address

Fruebjergvej 3, Copenhagen, DNK, 2100

Website

https://www.cs-medica.com

CS Medica AS is engaged in developing, manufacturing, and commercializing over-the-counter medical device products containing cannabinoids currently focusing on cannabidiol for the treatment of psoriasis and arthritis.

CS Medica AS (XSAT:CSMED) Headlines

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