Nexalin Technology (Nexalin Technology) Days Payable : 1,581.67 (As of Mar. 2024)

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What is Nexalin Technology Days Payable?

Nexalin Technology's average Accounts Payable for the three months ended in Mar. 2024 was $0.16 Mil. Nexalin Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.01 Mil. Hence, Nexalin Technology's Days Payable for the three months ended in Mar. 2024 was 1,581.67.

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

NXL' s Days Payable Range Over the Past 10 Years
Min: 755.14 Med: 5771.99 Max: 11341.07
Current: 1230.93

During the past 4 years, Nexalin Technology's highest Days Payable was 11341.07. The lowest was 755.14. And the median was 5771.99.

NXL's Days Payable is ranked better than
95.43% of 787 companies
in the Medical Devices & Instruments industry
Industry Median: 73.02 vs NXL: 1230.93

Nexalin Technology's Days Payable declined from Mar. 2023 (4,066.33) to Mar. 2024 (1,581.67). It may suggest that Nexalin Technology accelerated paying its suppliers.

Nexalin Technology Days Payable Historical Data

The historical data trend for Nexalin Technology'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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Nexalin Technology Days Payable Chart

Nexalin Technology Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

5,802.24

11,341.07

755.14

5,741.73

Nexalin Technology Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial									4,066.33	474.50	1,391.56	1,771.77	1,581.67

Competitive Comparison of Nexalin Technology's Days Payable

For the Medical Devices subindustry, Nexalin Technology'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.

Nexalin Technology's Days Payable Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Nexalin Technology's Days Payable falls into.

Nexalin Technology 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.

Nexalin Technology'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
=	( (0.658	+	0.16)	/	2 )	/	0.026	*	365
=	0.409					/	0.026	*	365
=	5,741.73

Nexalin Technology'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
=	( (0.16	+	0.152)	/	2 )	/	0.009	*	365 / 4
=	0.156					/	0.009	*	365 / 4
=	1,581.67

Nexalin Technology Days Payable Related Terms

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Nexalin Technology (Nexalin Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Nexalin Technology Inc (NAS:NXL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1776 Yorktown, Suite 550, Houston, TX, USA, 77056

Website

https://www.nexalin.com

Nexalin Technology Inc design and develop innovative neurostimulation products to uniquely and effectively help combat the ongoing global mental health epidemic. The company has developed an easy-to-administer medical device referred to as Generation 1 or Gen-1 that utilizes bioelectronic medical technology to treat anxiety and insomnia, without the need for drugs or psychotherapy.

Executives

Marilyn Elson	10 percent owner, officer: Ms. Elson serves as CFO	32 CAMLET COURT, ROSELAND NJ 07068
Rick Morad	director	6331 CHAGRIN RIVER ROAD, BENTLEYVILLE OH 44022
Mark White	director, officer: President/CEO	1776 YORKTOWN STREET, SUITE 550, HOUSTON TX 77056
David Owens	director, officer: Chief Medical Officer	4545 HARRIS TRAIL NW, ATLANTA GA 30327
Alan Kazden	director	3435 CONSUELO DRIVE, CALABASAS CA 91302
Leonard Osser	other: Spouse
Ben Hu	director	7021 EDGERTON ROAD, NORTH ROYALTON OH 44133