Medimi AB (XSAT:MEDIMI) Days Payable : 212.14 (As of Mar. 2024)

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What is Medimi AB Days Payable?

Medimi AB's average Accounts Payable for the three months ended in Mar. 2024 was kr1.60 Mil. Medimi AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr0.69 Mil. Hence, Medimi AB's Days Payable for the three months ended in Mar. 2024 was 212.14.

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

XSAT:MEDIMI' s Days Payable Range Over the Past 10 Years
Min: 78.2 Med: 284.8 Max: 795.05
Current: 282.71

During the past 13 years, Medimi AB's highest Days Payable was 795.05. The lowest was 78.20. And the median was 284.80.

XSAT:MEDIMI's Days Payable is ranked better than
86.33% of 783 companies
in the Medical Devices & Instruments industry
Industry Median: 72.46 vs XSAT:MEDIMI: 282.71

Medimi AB's Days Payable declined from Mar. 2023 (284.15) to Mar. 2024 (212.14). It may suggest that Medimi AB accelerated paying its suppliers.

Medimi AB Days Payable Historical Data

The historical data trend for Medimi AB'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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Medimi AB Days Payable Chart

Medimi AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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78.20

241.36

212.92

225.46

328.23

Medimi AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															284.15	212.42	480.17	383.55	212.14

Competitive Comparison of Medimi AB's Days Payable

For the Medical Instruments & Supplies subindustry, Medimi AB'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.

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

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

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

Medimi AB 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.

Medimi AB'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
=	( (1.077	+	1.797)	/	2 )	/	1.598	*	365
=	1.437					/	1.598	*	365
=	328.23

Medimi AB'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
=	( (1.797	+	1.402)	/	2 )	/	0.688	*	365 / 4
=	1.5995					/	0.688	*	365 / 4
=	212.14

Medimi AB Days Payable Related Terms

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Medimi AB (XSAT:MEDIMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Medimi AB (XSAT:MEDIMI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zinkgatan 2, Lomma, SWE, 234 35

Website

http://www.medimiab.com

Medimi AB is engaged in the development, production, and marketing of medication products. It offers Medimi Pro and Medimi Smart computerized pill dispensers that are used by patients, consumers, and healthcare staff to follow their drug schedule. The company focus on the following market segments namely Pharmaceutical industry, Hospital and retirement homes, Home Health Care, Pharmacy and private care, and Connected Health (Telemedicine), E-Health and Integration in Other Systems.

Medimi AB (XSAT:MEDIMI) Headlines

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