Tissue Regenix Group (LSE:TRX) Days Payable : 70.20 (As of Dec. 2023)

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What is Tissue Regenix Group Days Payable?

Tissue Regenix Group's average Accounts Payable for the six months ended in Dec. 2023 was £2.52 Mil. Tissue Regenix Group's Cost of Goods Sold for the six months ended in Dec. 2023 was £6.54 Mil. Hence, Tissue Regenix Group's Days Payable for the six months ended in Dec. 2023 was 70.20.

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

LSE:TRX' s Days Payable Range Over the Past 10 Years
Min: 27.46 Med: 72.6 Max: 3749.55
Current: 58.87

During the past 13 years, Tissue Regenix Group's highest Days Payable was 3749.55. The lowest was 27.46. And the median was 72.60.

LSE:TRX's Days Payable is ranked worse than
70.03% of 724 companies
in the Biotechnology industry
Industry Median: 148.12 vs LSE:TRX: 58.87

Tissue Regenix Group's Days Payable declined from Dec. 2022 (71.68) to Dec. 2023 (70.20). It may suggest that Tissue Regenix Group accelerated paying its suppliers.

Tissue Regenix Group Days Payable Historical Data

The historical data trend for Tissue Regenix Group'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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Tissue Regenix Group Days Payable Chart

Tissue Regenix Group Annual Data

Trend

Jan14

Jan15

Jan16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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65.21

72.60

62.90

47.41

27.46

Tissue Regenix Group Semi-Annual Data
	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															83.93	95.30	71.68	79.66	70.20

Competitive Comparison of Tissue Regenix Group's Days Payable

For the Biotechnology subindustry, Tissue Regenix Group'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.

Tissue Regenix Group's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Tissue Regenix Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Tissue Regenix Group's Days Payable falls into.

Tissue Regenix Group 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.

Tissue Regenix Group'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
=	( (0.883	+	0.954)	/	2 )	/	12.207	*	365
=	0.9185					/	12.207	*	365
=	27.46

Tissue Regenix Group'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (4.077	+	0.954)	/	2 )	/	6.54	*	365 / 2
=	2.5155					/	6.54	*	365 / 2
=	70.20

Tissue Regenix Group Days Payable Related Terms

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Tissue Regenix Group (LSE:TRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Tissue Regenix Group PLC (LSE:TRX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

LSW:Germany

Address

Lotherton Way, Unit 3, Phoenix Court, Garforth, GBR, LS25 2GY

Website

https://www.tissueregenix.com

Tissue Regenix Group PLC is a pioneering medical technology company engaged in the development of regenerative products. The company incorporates dCELL and BioRinse technology, which helps to address complex and varying clinical needs. Its product portfolio includes Biosurgery, Orthopaedics, and Dental. The company has operations around the world, with special emphasis in the United States.