Tonix Pharmaceuticals Holding (LTS:0A4T) Days Payable : 286.70 (As of Mar. 2024)

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What is Tonix Pharmaceuticals Holding Days Payable?

Tonix Pharmaceuticals Holding's average Accounts Payable for the three months ended in Mar. 2024 was $5.22 Mil. Tonix Pharmaceuticals Holding's Cost of Goods Sold for the three months ended in Mar. 2024 was $1.66 Mil. Hence, Tonix Pharmaceuticals Holding's Days Payable for the three months ended in Mar. 2024 was 286.70.

The historical rank and industry rank for Tonix Pharmaceuticals Holding's Days Payable or its related term are showing as below:

LTS:0A4T' s Days Payable Range Over the Past 10 Years
Min: 386.83 Med: 456.15 Max: 456.15
Current: 386.83

During the past 13 years, Tonix Pharmaceuticals Holding's highest Days Payable was 456.15. The lowest was 386.83. And the median was 456.15.

LTS:0A4T's Days Payable is ranked better than
71.55% of 724 companies
in the Biotechnology industry
Industry Median: 150.695 vs LTS:0A4T: 386.83

Tonix Pharmaceuticals Holding's Days Payable increased from Mar. 2023 (0.00) to Mar. 2024 (286.70). It may suggest that Tonix Pharmaceuticals Holding delayed paying its suppliers.

Tonix Pharmaceuticals Holding Days Payable Historical Data

The historical data trend for Tonix Pharmaceuticals Holding'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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Tonix Pharmaceuticals Holding Days Payable Chart

Tonix Pharmaceuticals Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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456.15

Tonix Pharmaceuticals Holding 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															-	-	297.35	223.23	286.70

Competitive Comparison of Tonix Pharmaceuticals Holding's Days Payable

For the Biotechnology subindustry, Tonix Pharmaceuticals Holding'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.

Tonix Pharmaceuticals Holding's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Tonix Pharmaceuticals Holding's Days Payable distribution charts can be found below:

* The bar in red indicates where Tonix Pharmaceuticals Holding's Days Payable falls into.

Tonix Pharmaceuticals Holding 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.

Tonix Pharmaceuticals Holding'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
=	( (8.068	+	3.782)	/	2 )	/	4.741	*	365
=	5.925					/	4.741	*	365
=	456.15

Tonix Pharmaceuticals Holding'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
=	( (3.782	+	6.649)	/	2 )	/	1.66	*	365 / 4
=	5.2155					/	1.66	*	365 / 4
=	286.70

Tonix Pharmaceuticals Holding Days Payable Related Terms

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Tonix Pharmaceuticals Holding (LTS:0A4T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Tonix Pharmaceuticals Holding Corp (LTS:0A4T) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TNXP:USA

Address

26 Main Street, Suite 101, Chatham, NJ, USA, 07928

Website

https://www.tonixpharma.com

Tonix Pharmaceuticals Holding Corp is a clinical-stage biopharmaceutical company focused on developing therapeutics and vaccines to treat and prevent human disease and alleviate suffering. its portfolio consists of the central nervous system, rare disease, immunology, and infectious disease product candidates. The CNS portfolio includes small molecules and biologics to treat pain, neurologic, psychiatric, and addiction conditions. CNS product candidate is TNX-102 SL, a proprietary sublingual tablet formulation of cyclobenzaprine (CBP) designed for bedtime administration.

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