LBT Innovations (ASX:LBT) Days Payable : 18,641.07 (As of Dec. 2023)

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What is LBT Innovations Days Payable?

LBT Innovations's average Accounts Payable for the six months ended in Dec. 2023 was A$0.72 Mil. LBT Innovations's Cost of Goods Sold for the six months ended in Dec. 2023 was A$0.01 Mil. Hence, LBT Innovations's Days Payable for the six months ended in Dec. 2023 was 18,641.07.

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

ASX:LBT' s Days Payable Range Over the Past 10 Years
Min: 507.68 Med: 643.89 Max: 3916.51
Current: 3916.51

During the past 13 years, LBT Innovations's highest Days Payable was 3916.51. The lowest was 507.68. And the median was 643.89.

ASX:LBT's Days Payable is ranked better than
97.72% of 789 companies
in the Medical Devices & Instruments industry
Industry Median: 72.79 vs ASX:LBT: 3916.51

LBT Innovations's Days Payable increased from Dec. 2022 (771.45) to Dec. 2023 (18,641.07). It may suggest that LBT Innovations delayed paying its suppliers.

LBT Innovations Days Payable Historical Data

The historical data trend for LBT Innovations'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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LBT Innovations Days Payable Chart

LBT Innovations Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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2,106.15

507.68

643.89

LBT Innovations Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															-	340.42	771.45	2,448.85	18,641.07

Competitive Comparison of LBT Innovations's Days Payable

For the Medical Devices subindustry, LBT Innovations'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.

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

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

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

LBT Innovations 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.

LBT Innovations'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
=	( (0.823	+	0.68)	/	2 )	/	0.426	*	365
=	0.7515					/	0.426	*	365
=	643.89

LBT Innovations'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
=	( (0.68	+	0.75)	/	2 )	/	0.007	*	365 / 2
=	0.715					/	0.007	*	365 / 2
=	18,641.07

LBT Innovations Days Payable Related Terms

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LBT Innovations (ASX:LBT) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Anster Street, Adelaide, SA, AUS, 5000

Website

https://www.lbtinnovations.com

LBT Innovations Ltd is a designer of advanced technology solutions for the medical industry. Its first product, MicroStreak, was a global first in the automation of the culture plate streaking process. Its second product, the Automated Plate Assessment System(APAS) is based upon LBT's intelligent imaging and machine learning software and remains the only US FDA-cleared artificial intelligence technology for automated imaging, analysis, and interpretation of microbiology culture plates following incubation.

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