Milestone Medical (WAR:MMD) Days Payable : 554.80 (As of Sep. 2023)

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What is Milestone Medical Days Payable?

Milestone Medical's average Accounts Payable for the three months ended in Sep. 2023 was zł0.46 Mil. Milestone Medical's Cost of Goods Sold for the three months ended in Sep. 2023 was zł0.08 Mil. Hence, Milestone Medical's Days Payable for the three months ended in Sep. 2023 was 554.80.

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

WAR:MMD' s Days Payable Range Over the Past 10 Years
Min: 86.68 Med: 1095.11 Max: 13025.49
Current: 181.37

During the past 10 years, Milestone Medical's highest Days Payable was 13025.49. The lowest was 86.68. And the median was 1095.11.

WAR:MMD's Days Payable is not ranked
in the Medical Devices & Instruments industry.
Industry Median: 72.905 vs WAR:MMD: 181.37

Milestone Medical's Days Payable declined from Sep. 2022 (7,352.14) to Sep. 2023 (554.80). It may suggest that Milestone Medical accelerated paying its suppliers.

Milestone Medical Days Payable Historical Data

The historical data trend for Milestone Medical'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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Milestone Medical Days Payable Chart

Milestone Medical Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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115.23

2,848.43

1,384.64

801.38

86.71

Milestone Medical Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															7,352.14	96.17	1,397.27	72.85	554.80

Competitive Comparison of Milestone Medical's Days Payable

For the Medical Instruments & Supplies subindustry, Milestone Medical'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.

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

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

* The bar in red indicates where Milestone Medical's Days Payable falls into.

Milestone Medical 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.

Milestone Medical's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.712	+	0.405)	/	2 )	/	2.351	*	365
=	0.5585					/	2.351	*	365
=	86.71

Milestone Medical's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.165	+	0.747)	/	2 )	/	0.075	*	365 / 4
=	0.456					/	0.075	*	365 / 4
=	554.80

Milestone Medical Days Payable Related Terms

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Milestone Medical (WAR:MMD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Milestone Medical Inc (WAR:MMD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

425 Eagle Rock Avenue, Suite 403, Roseland, NJ, USA, NJ 07068

Website

https://www.medicalmilestone.com

Milestone Medical Inc is a United States-based company engaged in the development and commercialization of epidural and intra-articular and epidural drug delivery systems in the United State. Its products include a Dynamic Pressure Sensing instrument, that measures the density of body tissue and helps clinicians know the location of a hypodermic needle during an injection; and an intra-articular injection instrument that is used to inject into various joints in the treatment of arthritis and other joint conditions.