Mainz Biomed NV (Mainz Biomed NV) Days Payable : 2,203.12 (As of Dec. 2023)

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What is Mainz Biomed NV Days Payable?

Mainz Biomed NV's average Accounts Payable for the three months ended in Dec. 2023 was $1.93 Mil. Mainz Biomed NV's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.08 Mil. Hence, Mainz Biomed NV's Days Payable for the three months ended in Dec. 2023 was 2,203.12.

The historical rank and industry rank for Mainz Biomed NV's Days Payable or its related term are showing as below:

MYNZ' s Days Payable Range Over the Past 10 Years
Min: 213.45 Med: 495.81 Max: 1750.1
Current: 1717.58

During the past 5 years, Mainz Biomed NV's highest Days Payable was 1750.10. The lowest was 213.45. And the median was 495.81.

MYNZ's Days Payable is ranked better than
96.59% of 205 companies
in the Medical Diagnostics & Research industry
Industry Median: 65.48 vs MYNZ: 1717.58

Mainz Biomed NV's Days Payable increased from Dec. 2022 (774.75) to Dec. 2023 (2,203.12). It may suggest that Mainz Biomed NV delayed paying its suppliers.

Mainz Biomed NV Days Payable Historical Data

The historical data trend for Mainz Biomed NV'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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Mainz Biomed NV Days Payable Chart

Mainz Biomed NV Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

213.45

221.85

495.81

1,135.91

1,750.10

Mainz Biomed NV Quarterly Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial								774.75	1,017.31	1,772.99	2,040.16	2,203.12

Competitive Comparison of Mainz Biomed NV's Days Payable

For the Diagnostics & Research subindustry, Mainz Biomed NV'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.

Mainz Biomed NV's Days Payable Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Mainz Biomed NV's Days Payable distribution charts can be found below:

* The bar in red indicates where Mainz Biomed NV's Days Payable falls into.

Mainz Biomed NV 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.

Mainz Biomed NV'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
=	( (1.333	+	2.359)	/	2 )	/	0.385	*	365
=	1.846					/	0.385	*	365
=	1,750.10

Mainz Biomed NV'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.504	+	2.359)	/	2 )	/	0.08	*	365 / 4
=	1.9315					/	0.08	*	365 / 4
=	2,203.12

Mainz Biomed NV Days Payable Related Terms

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Mainz Biomed NV (Mainz Biomed NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Mainz Biomed NV (NAS:MYNZ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

4TO:Germany

Address

Robert Koch Strasse 5, Sirius Gutenberg Park, Mainz, RP, DEU, 55129

Website

https://www.mainzbiomed.com

Mainz Biomed NV is engaged in developing molecular genetic diagnostic solutions for life-threatening conditions. Its main product Coloalert is a kit that includes a stool collector and shipping instructions to return the kit through regular mail to their local lab for testing and results.