Silk Road Medical (FRA:2OW) Days Payable : 32.84 (As of Mar. 2024)

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What is Silk Road Medical Days Payable?

Silk Road Medical's average Accounts Payable for the three months ended in Mar. 2024 was €4.0 Mil. Silk Road Medical's Cost of Goods Sold for the three months ended in Mar. 2024 was €11.0 Mil. Hence, Silk Road Medical's Days Payable for the three months ended in Mar. 2024 was 32.84.

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

FRA:2OW' s Days Payable Range Over the Past 10 Years
Min: 23.62 Med: 36.09 Max: 110.02
Current: 35.9

During the past 7 years, Silk Road Medical's highest Days Payable was 110.02. The lowest was 23.62. And the median was 36.09.

FRA:2OW's Days Payable is ranked worse than
80.25% of 790 companies
in the Medical Devices & Instruments industry
Industry Median: 72.905 vs FRA:2OW: 35.90

Silk Road Medical's Days Payable increased from Mar. 2023 (28.49) to Mar. 2024 (32.84). It may suggest that Silk Road Medical delayed paying its suppliers.

Silk Road Medical Days Payable Historical Data

The historical data trend for Silk Road 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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Silk Road Medical Days Payable Chart

Silk Road Medical Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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35.76

40.08

34.37

22.90

30.17

Silk Road Medical Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															28.49	37.44	39.20	39.82	32.84

Competitive Comparison of Silk Road Medical's Days Payable

For the Medical Devices subindustry, Silk Road 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.

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

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

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

Silk Road 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.

Silk Road 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
=	( (2.382	+	5.205)	/	2 )	/	45.894	*	365
=	3.7935					/	45.894	*	365
=	30.17

Silk Road Medical's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (5.205	+	2.729)	/	2 )	/	11.024	*	365 / 4
=	3.967					/	11.024	*	365 / 4
=	32.84

Silk Road Medical Days Payable Related Terms

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Silk Road Medical (FRA:2OW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Silk Road Medical Inc (FRA:2OW) » Definitions » Days Payable

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SILK:USA

Address

1213 Innsbruck Drive, Sunnyvale, CA, USA, 94089

Website

https://www.silkroadmed.com

Silk Road Medical Inc is a medical device company focused on reducing the risk of stroke and its devastating impact. The company has a new approach for the treatment of carotid artery disease called transcarotid artery revascularization, or TCAR, which it seeks to establish as the standard of care. TCAR relies on two novel concepts - minimally-invasive direct carotid access in the neck and high-rate blood flow reversal during the procedure to protect the brain - and combines novel endovascular techniques with fundamental surgical principles. TCAR using its portfolio of products has been clinically demonstrated to reduce the upfront morbidity and mortality risks commonly associated with carotid endarterectomy while maintaining a reduction in long-term stroke risk.

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