Journey Medical (Journey Medical) Days Payable : 351.29 (As of Dec. 2023)

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What is Journey Medical Days Payable?

Journey Medical's average Accounts Payable for the three months ended in Dec. 2023 was $23.16 Mil. Journey Medical's Cost of Goods Sold for the three months ended in Dec. 2023 was $6.02 Mil. Hence, Journey Medical's Days Payable for the three months ended in Dec. 2023 was 351.29.

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

DERM' s Days Payable Range Over the Past 10 Years
Min: 48.54 Med: 140.22 Max: 433.49
Current: 433.49

During the past 5 years, Journey Medical's highest Days Payable was 433.49. The lowest was 48.54. And the median was 140.22.

DERM's Days Payable is ranked better than
92.32% of 976 companies
in the Drug Manufacturers industry
Industry Median: 86.58 vs DERM: 433.49

Journey Medical's Days Payable declined from Dec. 2022 (414.96) to Dec. 2023 (351.29). It may suggest that Journey Medical accelerated paying its suppliers.

Journey Medical Days Payable Historical Data

The historical data trend for Journey 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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Journey Medical Days Payable Chart

Journey Medical Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

70.80

48.54

140.22

352.14

374.58

Journey Medical Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial											414.96	567.59	443.10	425.36	351.29

Competitive Comparison of Journey Medical's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Journey 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.

Journey Medical's Days Payable Distribution in the Drug Manufacturers Industry

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

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

Journey 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.

Journey 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
=	( (36.57	+	18.149)	/	2 )	/	26.66	*	365
=	27.3595					/	26.66	*	365
=	374.58

Journey 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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (28.164	+	18.149)	/	2 )	/	6.015	*	365 / 4
=	23.1565					/	6.015	*	365 / 4
=	351.29

Journey Medical Days Payable Related Terms

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

Journey Medical (Journey Medical) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Journey Medical Corp (NAS:DERM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

9237 E Via de Ventura Boulevard, Suite 105, Scottsdale, AZ, USA, 85258

Website

https://www.journeymedicalcorp.com

Journey Medical Corp is a commercial-stage pharmaceutical company focused on the development and commercialization of pharmaceutical products for the treatment of dermatological conditions. The company's portfolio includes eight branded and three authorized generic prescription drugs for dermatological conditions that are marketed in the United States. Some of the group's products are Qbrexza, Accutane, Amzeeq, Exelderm, etc.

Executives

Jeffrey Paley	director	C/O RETROPHIN INC., 777 THIRD AVENUE, 22ND FLOOR, NEW YORK NY 10017
Justin Adam Smith	director	C/O JOURNEY MEDICAL CORPORATION, 9237 E VIA DE VENTURA BLVD., SUITE 105, SCOTTSDALE AZ 85258
Rosenwald Lindsay A Md	director	375 PARK AVE, NEW YORK NY 10152
Claude Maraoui	director, officer: President & CEO	C/O JOURNEY MEDICAL CORPORATION, 9237 E VIA DE VENTURA BLVD., SUITE 105, SCOTTSDALE AZ 85258
Joseph Benesch	officer: Interim CFO	C/O TELIGENT, 105 LINCOLN AVENUE, BUENA NJ 08310
De Paolantonio Ernest Robert	officer: Chief Financial Officer	4131 PARKLAKE AVENUE SUITE 225, RALEIGH NC 27612
Neil Herskowitz	director	2109 BROADWAY, SUITE 206, NEW YORK NY 10023
Miranda Jayne Toledano	director	C/O COMPASS THERAPEUTICS, INC., 80 GUEST STREET, SUITE 601, BOSTON MA 02135