Span-America Medical Systems (Span-America Medical Systems) Days Payable : 21.95 (As of Mar. 2017)

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What is Span-America Medical Systems Days Payable?

Span-America Medical Systems's average Accounts Payable for the three months ended in Mar. 2017 was $2.25 Mil. Span-America Medical Systems's Cost of Goods Sold for the three months ended in Mar. 2017 was $9.37 Mil. Hence, Span-America Medical Systems's Days Payable for the three months ended in Mar. 2017 was 21.95.

The historical rank and industry rank for Span-America Medical Systems's Days Payable or its related term are showing as below:

SPAN's Days Payable is not ranked ^*
in the Medical Devices & Instruments industry.
Industry Median: 73.19
* Ranked among companies with meaningful Days Payable only.

Span-America Medical Systems's Days Payable declined from Mar. 2016 (23.57) to Mar. 2017 (21.95). It may suggest that Span-America Medical Systems accelerated paying its suppliers.

Span-America Medical Systems Days Payable Historical Data

The historical data trend for Span-America Medical Systems'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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Span-America Medical Systems Days Payable Chart

Span-America Medical Systems Annual Data

Trend

Sep07

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Days Payable

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22.87

21.85

25.28

27.85

25.94

Span-America Medical Systems Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
Days Payable	Get a 7-Day Free Trial															23.57	22.11	21.53	20.88	21.95

Competitive Comparison of Span-America Medical Systems's Days Payable

For the Medical Devices subindustry, Span-America Medical Systems'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.

Span-America Medical Systems's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Span-America Medical Systems's Days Payable distribution charts can be found below:

* The bar in red indicates where Span-America Medical Systems's Days Payable falls into.

Span-America Medical Systems 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.

Span-America Medical Systems's Days Payable for the fiscal year that ended in Sep. 2016 is calculated as

	Days Payable (A: Sep. 2016 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2015 )	+	Accounts Payable (A: Sep. 2016 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2016 )	*	Days in Period
=	( (4.035	+	2.41)	/	2 )	/	45.346	*	365
=	3.2225					/	45.346	*	365
=	25.94

Span-America Medical Systems's Days Payable for the quarter that ended in Mar. 2017 is calculated as:

	Days Payable (Q: Mar. 2017 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2016 )	+	Accounts Payable (Q: Mar. 2017 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2017 )	*	Days in Period
=	( (2.008	+	2.498)	/	2 )	/	9.365	*	365 / 4
=	2.253					/	9.365	*	365 / 4
=	21.95

Span-America Medical Systems Days Payable Related Terms

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Span-America Medical Systems (Span-America Medical Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Span-America Medical Systems Inc (NAS:SPAN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.spanamerica.com

Span-America Medical Systems Inc was incorporated under the laws of the state of South Carolina on September 21, 1970. The Company manufactures and distributes therapeutic support surfaces, mattress overlays, patient positioners, seating cushions, skin care products and fall prevention products for the medical market and pillows, mattress pads and various foam products for the custom products market throughout the United States and Canada. Its operations are divided into two main business units or segments: medical and custom products. The Company's main medical products consist of polyurethane foam mattress overlays, therapeutic support surfaces (which consist of non-powered and powered therapeutic support surfaces) and patient positioners as well as Selan (r) skin care, seating and fall protection products. The Company's custom products segment includes two product lines namely consumer bedding products and various engineered industrial products. The Company's consumer product line consists mainly of convoluted and contour-cut mattress overlays and specially designed pillows for the consumer bedding market. It sells these products mainly in North America to customers in the segments of the health care market, including acute care hospitals, long-term care facilities and home health care providers. The Company's manufacturing operations are subject to various government regulations pertaining to the discharge of materials into the environment.

Executives

Terry Allison Rappuhn	director	P O BOX 58062, NASHVILLE TN 37205
Thomas Joseph Sullivan	director	64 PETTIT PL PRINCETON NJ 08540
Robert B Johnston	director

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