Adherium (ASX:ADRDA) Days Payable : 554.27 (As of Dec. 2023)

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What is Adherium Days Payable?

Adherium's average Accounts Payable for the six months ended in Dec. 2023 was A$1.47 Mil. Adherium's Cost of Goods Sold for the six months ended in Dec. 2023 was A$0.49 Mil. Hence, Adherium's Days Payable for the six months ended in Dec. 2023 was 554.27.

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

ASX:ADRDA' s Days Payable Range Over the Past 10 Years
Min: 288.49 Med: 429.79 Max: 2114.18
Current: 1267.32

During the past 7 years, Adherium's highest Days Payable was 2114.18. The lowest was 288.49. And the median was 429.79.

ASX:ADRDA's Days Payable is ranked better than
95.57% of 790 companies
in the Medical Devices & Instruments industry
Industry Median: 72.905 vs ASX:ADRDA: 1267.32

Adherium's Days Payable increased from Dec. 2022 (429.37) to Dec. 2023 (554.27). It may suggest that Adherium delayed paying its suppliers.

Adherium Days Payable Historical Data

The historical data trend for Adherium'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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Adherium Days Payable Chart

Adherium Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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288.49

429.79

730.00

2,114.18

723.19

Adherium Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial										380.93	-	429.37	-	554.27

Competitive Comparison of Adherium's Days Payable

For the Medical Devices subindustry, Adherium'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.

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

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

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

Adherium 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.

Adherium's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (1.697	+	0.958)	/	2 )	/	0.67	*	365
=	1.3275					/	0.67	*	365
=	723.19

Adherium'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
=	( (0.958	+	1.988)	/	2 )	/	0.485	*	365 / 2
=	1.473					/	0.485	*	365 / 2
=	554.27

Adherium Days Payable Related Terms

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Adherium (ASX:ADRDA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Adherium Ltd (ASX:ADRDA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

333 Collins Street, Level 14, Melbourne, VIC, AUS, 3000

Website

https://www.adherium.com

Adherium Ltd is engaged in the development, manufacture, and supply of its Hailie digital health technologies that address sub-optimal medication use and improve health outcomes in chronic disease. Geographically, it derives a majority of its revenue from Europe and also has a presence in New Zealand and Australia; North America, and Asia.

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