OraSure Technologies (FRA:EP3) Days Payable : 39.14 (As of Mar. 2024)

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What is OraSure Technologies Days Payable?

OraSure Technologies's average Accounts Payable for the three months ended in Mar. 2024 was €11.9 Mil. OraSure Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was €27.7 Mil. Hence, OraSure Technologies's Days Payable for the three months ended in Mar. 2024 was 39.14.

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

FRA:EP3' s Days Payable Range Over the Past 10 Years
Min: 35.91 Med: 55.34 Max: 71.43
Current: 35.91

During the past 13 years, OraSure Technologies's highest Days Payable was 71.43. The lowest was 35.91. And the median was 55.34.

FRA:EP3's Days Payable is ranked worse than
80.13% of 790 companies
in the Medical Devices & Instruments industry
Industry Median: 72.905 vs FRA:EP3: 35.91

OraSure Technologies's Days Payable increased from Mar. 2023 (33.69) to Mar. 2024 (39.14). It may suggest that OraSure Technologies delayed paying its suppliers.

OraSure Technologies Days Payable Historical Data

The historical data trend for OraSure Technologies'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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OraSure Technologies Days Payable Chart

OraSure Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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60.56

72.84

69.48

49.09

40.81

OraSure Technologies 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															33.69	35.12	33.02	31.84	39.14

Competitive Comparison of OraSure Technologies's Days Payable

For the Medical Instruments & Supplies subindustry, OraSure Technologies'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.

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

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

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

OraSure Technologies 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.

OraSure Technologies'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
=	( (35.891	+	12.059)	/	2 )	/	214.413	*	365
=	23.975					/	214.413	*	365
=	40.81

OraSure Technologies'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
=	( (12.059	+	11.668)	/	2 )	/	27.661	*	365 / 4
=	11.8635					/	27.661	*	365 / 4
=	39.14

OraSure Technologies Days Payable Related Terms

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OraSure Technologies (FRA:EP3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » OraSure Technologies Inc (FRA:EP3) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

OSUR:USA

Address

220 East First Street, Bethlehem, PA, USA, 18015

Website

https://www.orasure.com

OraSure Technologies is a medical devices company that develops, manufactures, and distributes oral fluid diagnostic and collection devices. Its reportable segments are diagnostics and molecular solutions. The diagnostics segment produces rapid oral diagnostic tests and specimen collection devices for infectious diseases such as HIV and HCV. The molecular solutions segment specializes in kits used to collect, stabilize, and transport genetic material samples for molecular testing of both hereditary diseases and infectious diseases, such as COVID-19. The company gets most of its sales from the molecular solutions business, derived mainly from customers in the United States.

OraSure Technologies (FRA:EP3) Headlines

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