Biofarm (BSE:BIO) Days Payable : 258.66 (As of Sep. 2023)

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What is Biofarm Days Payable?

Biofarm's average Accounts Payable for the three months ended in Sep. 2023 was lei34.2 Mil. Biofarm's Cost of Goods Sold for the three months ended in Sep. 2023 was lei12.1 Mil. Hence, Biofarm's Days Payable for the three months ended in Sep. 2023 was 258.66.

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

BSE:BIO' s Days Payable Range Over the Past 10 Years
Min: 247.96 Med: 314.46 Max: 408.6
Current: 270.75

During the past 13 years, Biofarm's highest Days Payable was 408.60. The lowest was 247.96. And the median was 314.46.

BSE:BIO's Days Payable is ranked better than
87.78% of 974 companies
in the Drug Manufacturers industry
Industry Median: 89.36 vs BSE:BIO: 270.75

Biofarm's Days Payable declined from Sep. 2022 (280.40) to Sep. 2023 (258.66). It may suggest that Biofarm accelerated paying its suppliers.

Biofarm Days Payable Historical Data

The historical data trend for Biofarm'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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Biofarm Days Payable Chart

Biofarm Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

Get a 7-Day Free Trial

283.44

332.73

353.91

398.25

408.60

Biofarm Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															280.40	328.52	234.65	343.79	258.66

Competitive Comparison of Biofarm's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Biofarm'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.

Biofarm's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Biofarm's Days Payable distribution charts can be found below:

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

Biofarm 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.

Biofarm's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (48.528	+	49.073)	/	2 )	/	43.593	*	365
=	48.8005					/	43.593	*	365
=	408.60

Biofarm's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (38.04	+	30.315)	/	2 )	/	12.057	*	365 / 4
=	34.1775					/	12.057	*	365 / 4
=	258.66

Biofarm Days Payable Related Terms

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Biofarm (BSE:BIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Biofarm SA (BSE:BIO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

99 Logofatul Tautu Street, Sector 3, Bucharest, ROU, 031212

Website

https://www.biofarm.ro

Biofarm SA is a company engaged in production and marketing in the pharmaceutical sector. It is involved in the manufacture and wholesale of over-the-counter drugs, prescription medications, and dietary supplements. The firm's product portfolio includes pharmaceutical preparations for the digestive system, musculoskeletal system, immune stimulation, respiratory system, cold & flu symptoms, and venous circulation improvement, as well as multivitamins, antioxidants, antiseptics, disinfectants, and cosmetics, among others. Some of its brands are Triferment, Colebil, Cavit, Anghirol, Clorocalcin, and Bixtonim. Additionally, the company offers services, such as investment in research, promotion, and packaging.