Tikun Olam Cannbit Pharmaceuticals (XTAE:TKUN) Days Payable : 29.63 (As of Dec. 2023)

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What is Tikun Olam Cannbit Pharmaceuticals Days Payable?

Tikun Olam Cannbit Pharmaceuticals's average Accounts Payable for the six months ended in Dec. 2023 was ₪3.96 Mil. Tikun Olam Cannbit Pharmaceuticals's Cost of Goods Sold for the six months ended in Dec. 2023 was ₪24.39 Mil. Hence, Tikun Olam Cannbit Pharmaceuticals's Days Payable for the six months ended in Dec. 2023 was 29.63.

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

XTAE:TKUN' s Days Payable Range Over the Past 10 Years
Min: 38.92 Med: 63.55 Max: 152.04
Current: 39.45

During the past 12 years, Tikun Olam Cannbit Pharmaceuticals's highest Days Payable was 152.04. The lowest was 38.92. And the median was 63.55.

XTAE:TKUN's Days Payable is ranked worse than
83.13% of 978 companies
in the Drug Manufacturers industry
Industry Median: 86.975 vs XTAE:TKUN: 39.45

Tikun Olam Cannbit Pharmaceuticals's Days Payable declined from Dec. 2022 (49.40) to Dec. 2023 (29.63). It may suggest that Tikun Olam Cannbit Pharmaceuticals accelerated paying its suppliers.

Tikun Olam Cannbit Pharmaceuticals Days Payable Historical Data

The historical data trend for Tikun Olam Cannbit Pharmaceuticals'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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Tikun Olam Cannbit Pharmaceuticals Days Payable Chart

Tikun Olam Cannbit Pharmaceuticals Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

Get a 7-Day Free Trial

111.24

45.18

47.76

Tikun Olam Cannbit Pharmaceuticals Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															31.20	59.77	49.40	47.96	29.63

Competitive Comparison of Tikun Olam Cannbit Pharmaceuticals's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Tikun Olam Cannbit Pharmaceuticals'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.

Tikun Olam Cannbit Pharmaceuticals's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Tikun Olam Cannbit Pharmaceuticals's Days Payable distribution charts can be found below:

* The bar in red indicates where Tikun Olam Cannbit Pharmaceuticals's Days Payable falls into.

Tikun Olam Cannbit Pharmaceuticals 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.

Tikun Olam Cannbit Pharmaceuticals'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
=	( (5.273	+	6.991)	/	2 )	/	46.864	*	365
=	6.132					/	46.864	*	365
=	47.76

Tikun Olam Cannbit Pharmaceuticals'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
=	( (4.36	+	3.559)	/	2 )	/	24.39	*	365 / 2
=	3.9595					/	24.39	*	365 / 2
=	29.63

Tikun Olam Cannbit Pharmaceuticals Days Payable Related Terms

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Tikun Olam Cannbit Pharmaceuticals (XTAE:TKUN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Tikun Olam Cannbit Pharmaceuticals Ltd (XTAE:TKUN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

The Fourteenth, Tel Aviv, ISR

Website

https://www.cannbit.com

Tikun Olam Cannbit Pharmaceuticals Ltd is engaged in the business of growing and marketing medical cannabis.

Tikun Olam Cannbit Pharmaceuticals (XTAE:TKUN) Headlines

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