Formycon AG (XTER:FYB) Days Payable : 116.46 (As of Dec. 2023)

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What is Formycon AG Days Payable?

Formycon AG's average Accounts Payable for the six months ended in Dec. 2023 was €18.02 Mil. Formycon AG's Cost of Goods Sold for the six months ended in Dec. 2023 was €28.24 Mil. Hence, Formycon AG's Days Payable for the six months ended in Dec. 2023 was 116.46.

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

XTER:FYB' s Days Payable Range Over the Past 10 Years
Min: 33.82 Med: 53.11 Max: 147.14
Current: 105.93

During the past 13 years, Formycon AG's highest Days Payable was 147.14. The lowest was 33.82. And the median was 53.11.

XTER:FYB's Days Payable is ranked worse than
57.4% of 723 companies
in the Biotechnology industry
Industry Median: 148.78 vs XTER:FYB: 105.93

Formycon AG's Days Payable increased from Dec. 2022 (105.59) to Dec. 2023 (116.46). It may suggest that Formycon AG delayed paying its suppliers.

Formycon AG Days Payable Historical Data

The historical data trend for Formycon AG'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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Formycon AG Days Payable Chart

Formycon AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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40.66

46.35

59.87

93.15

92.73

Formycon AG 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															102.40	102.58	105.59	108.30	116.46

Competitive Comparison of Formycon AG's Days Payable

For the Biotechnology subindustry, Formycon AG'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.

Formycon AG's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Formycon AG's Days Payable distribution charts can be found below:

* The bar in red indicates where Formycon AG's Days Payable falls into.

Formycon AG 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.

Formycon AG'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
=	( (11.318	+	16.319)	/	2 )	/	54.391	*	365
=	13.8185					/	54.391	*	365
=	92.73

Formycon AG'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
=	( (19.721	+	16.319)	/	2 )	/	28.238	*	365 / 2
=	18.02					/	28.238	*	365 / 2
=	116.46

Formycon AG Days Payable Related Terms

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Formycon AG (XTER:FYB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Formycon AG (XTER:FYB) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

FYB:Germany FYB:Germany FYB:Germany

Address

Fraunhoferstrasse 15, Martinsried, Planegg, BY, DEU, 82152

Website

https://www.formycon.com

Formycon AG is a pharmaceutical company. It is engaged in the development of pharmaceutical and biopharmaceutical products and the development of drug delivery systems. Its focus is on treatments in ophthalmology and immunology as well as other chronic diseases. The company's pipeline in the biosimilar drugs category includes FYB201, FYB202, FYB203, and FYB207 for the treatment of COVID 19. It is also engaged in the provision of diagnostic laboratory services and works for third parties and the carrying out of diagnostic laboratory services.

Executives

Dr. Stefan Glombitza	Board of Directors
Dr. Carsten Brockmeyer	Board of Directors
Dr. Nicolas Combé	Board of Directors

Formycon AG (XTER:FYB) Headlines

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