Sofwave Medical (XTAE:SOFW) Days Payable : 154.50 (As of Dec. 2023)

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What is Sofwave Medical Days Payable?

Sofwave Medical's average Accounts Payable for the six months ended in Dec. 2023 was ₪21.9 Mil. Sofwave Medical's Cost of Goods Sold for the six months ended in Dec. 2023 was ₪25.9 Mil. Hence, Sofwave Medical's Days Payable for the six months ended in Dec. 2023 was 154.50.

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

XTAE:SOFW' s Days Payable Range Over the Past 10 Years
Min: 135.91 Med: 185.9 Max: 519.7
Current: 144.96

During the past 6 years, Sofwave Medical's highest Days Payable was 519.70. The lowest was 135.91. And the median was 185.90.

XTAE:SOFW's Days Payable is ranked better than
76.28% of 784 companies
in the Medical Devices & Instruments industry
Industry Median: 72.505 vs XTAE:SOFW: 144.96

Sofwave Medical's Days Payable declined from Dec. 2022 (155.59) to Dec. 2023 (154.50). It may suggest that Sofwave Medical accelerated paying its suppliers.

Sofwave Medical Days Payable Historical Data

The historical data trend for Sofwave Medical'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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Sofwave Medical Days Payable Chart

Sofwave Medical Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

519.70

135.91

227.93

185.90

139.54

Sofwave Medical Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial				256.80	310.76	155.59	139.58	154.50

Competitive Comparison of Sofwave Medical's Days Payable

For the Medical Devices subindustry, Sofwave Medical'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.

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

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

* The bar in red indicates where Sofwave Medical's Days Payable falls into.

Sofwave Medical 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.

Sofwave Medical'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
=	( (13.079	+	23.466)	/	2 )	/	47.796	*	365
=	18.2725					/	47.796	*	365
=	139.54

Sofwave Medical'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
=	( (20.401	+	23.466)	/	2 )	/	25.909	*	365 / 2
=	21.9335					/	25.909	*	365 / 2
=	154.50

Sofwave Medical Days Payable Related Terms

Thank you for viewing the detailed overview of Sofwave Medical's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Sofwave Medical (XTAE:SOFW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Sofwave Medical Ltd (XTAE:SOFW) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Oak Medtech, Tavor, Alon Medtech Venture, Yokneam Illit, ISR, 2069200

Website

https://sofwave.com

Sofwave Medical Ltd is engaged in the development, marketing, and production of non-invasive technology for skin rejuvenation and firming treatment.

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