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Invitro International (Invitro International) Days Payable : 88.12 (As of Jun. 2097)


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What is Invitro International Days Payable?

Invitro International's average Accounts Payable for the three months ended in Jun. 2097 was $0.10 Mil. Invitro International's Cost of Goods Sold for the three months ended in Jun. 2097 was $0.10 Mil. Hence, Invitro International's Days Payable for the three months ended in Jun. 2097 was 88.12.

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

IVRO's Days Payable is not ranked *
in the Medical Diagnostics & Research industry.
Industry Median: 66.645
* Ranked among companies with meaningful Days Payable only.

Invitro International's Days Payable increased from Jun. 2096 (76.90) to Jun. 2097 (88.12). It may suggest that Invitro International delayed paying its suppliers.

Invitro International Days Payable Historical Data

The historical data trend for Invitro International'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.

* Premium members only.

Invitro International Days Payable Chart

Invitro International Annual Data
Trend Feb90 Feb91 Sep92 Sep93 Sep94 Sep95 Sep96
Days Payable
Get a 7-Day Free Trial 669.17 342.19 205.31 212.92 146.00

Invitro International Quarterly Data
Sep92 Dec92 Mar93 Jun93 Sep93 Dec93 Mar94 Jun94 Sep94 Dec94 Mar95 Jun95 Sep95 Dec95 Mar96 Jun96 Sep96 Dec96 Mar97 Jun97
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 76.90 - - 112.98 88.12

Competitive Comparison of Invitro International's Days Payable

For the Diagnostics & Research subindustry, Invitro International'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.

Invitro International's Days Payable Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Invitro International's Days Payable distribution charts can be found below:

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


Invitro International 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.

Invitro International's Days Payable for the fiscal year that ended in Sep. 2096 is calculated as

Days Payable (A: Sep. 2096 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Sep. 2095 ) + Accounts Payable (A: Sep. 2096 )) / count ) / Cost of Goods Sold (A: Sep. 2096 )*Days in Period
=( (0.2 + 0.2) / 2 ) / 0.5*365
=0.2 / 0.5*365
=146.00

Invitro International's Days Payable for the quarter that ended in Jun. 2097 is calculated as:

Days Payable (Q: Jun. 2097 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2097 ) + Accounts Payable (Q: Jun. 2097 )) / count ) / Cost of Goods Sold (Q: Jun. 2097 )*Days in Period
=( (0.13 + 0.067) / 2 ) / 0.102*365 / 4
=0.0985 / 0.102*365 / 4
=88.12

* 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.

Invitro International Days Payable Related Terms

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

Invitro International (Invitro International) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Invitro International (OTCPK:IVRO) » Definitions » Days Payable
Comparable Companies
ASX:LSH IDTA TSXV:TELO ASX:CTE XSAT:ALPH BOM:526301 ABMC BOM:541299 BOM:526546 NGM:LIFE B XLRM TSXV:AVCR TEAR WAR:BMX XKRX:271850 TSXV:MBI.H WAR:IGN BOM:526504 BOM:516110 SGX:505
Traded in Other Exchanges
N/A
Address
330 East Orangethorpe Avenue, Suite D, Placentia, CA, USA, 92870
Website
https://www.invitrointl.com
Invitro International is a provider of non-animal testing methods. The company develops and commercializes test kits and laboratory services. Its testing technologies are designed to produce data regarding corrosivity, or ocular/dermal irritation, which correlate with animal and human test results. Its products and services include Irritection, Corrositex, and Lab Services. The company provides its products to various industries such as cosmetics, personal care, household products, textiles, pharmaceuticals, chemicals, and hazardous waste transportation. The majority of its revenue is generated from the United States and it also exports to other countries.