Abingdon Health (LSE:ABDX) Days Payable : 250.78 (As of Dec. 2023)

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What is Abingdon Health Days Payable?

Abingdon Health's average Accounts Payable for the six months ended in Dec. 2023 was £1.56 Mil. Abingdon Health's Cost of Goods Sold for the six months ended in Dec. 2023 was £1.13 Mil. Hence, Abingdon Health's Days Payable for the six months ended in Dec. 2023 was 250.78.

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

LSE:ABDX' s Days Payable Range Over the Past 10 Years
Min: 138.87 Med: 200.11 Max: 363.43
Current: 271.36

During the past 6 years, Abingdon Health's highest Days Payable was 363.43. The lowest was 138.87. And the median was 200.11.

LSE:ABDX's Days Payable is ranked better than
82.93% of 205 companies
in the Medical Diagnostics & Research industry
Industry Median: 65.48 vs LSE:ABDX: 271.36

Abingdon Health's Days Payable declined from Dec. 2022 (530.43) to Dec. 2023 (250.78). It may suggest that Abingdon Health accelerated paying its suppliers.

Abingdon Health Days Payable Historical Data

The historical data trend for Abingdon Health'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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Abingdon Health Days Payable Chart

Abingdon Health Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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167.49

299.24

138.87

200.11

363.43

Abingdon Health Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial					465.17	332.99	530.43	245.27	250.78

Competitive Comparison of Abingdon Health's Days Payable

For the Diagnostics & Research subindustry, Abingdon Health'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.

Abingdon Health's Days Payable Distribution in the Medical Diagnostics & Research Industry

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

* The bar in red indicates where Abingdon Health's Days Payable falls into.

Abingdon Health 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.

Abingdon Health's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (2.812	+	1.111)	/	2 )	/	1.97	*	365
=	1.9615					/	1.97	*	365
=	363.43

Abingdon Health'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
=	( (1.111	+	2)	/	2 )	/	1.132	*	365 / 2
=	1.5555					/	1.132	*	365 / 2
=	250.78

Abingdon Health Days Payable Related Terms

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Abingdon Health (LSE:ABDX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Abingdon Health PLC (LSE:ABDX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

York Biotech Campus, Sand Hutton, York, GBR, YO41 1LZ

Website

https://www.abingdonhealth.com

Abingdon Health PLC is a technology-enabled lateral flow diagnostics company. It provides rapid testing solutions to clients in healthcare and other industries. The firm's product ABC-19 is an antibody test for Covid-19 , and also produces tests covering areas such as self-test HIV, equine infection, human fertility, etc. Business operating segments includes; Contract Development comprises development work for third parties. Contract Manufacturing comprises contract development and manufacturing activities. Product Sales comprises the sale of ABC-19, Pocket Diagnostic products, PCRD tests and antibodies for research use. Key revenue comes from Contract Development segment. Geographically it operates and earns revenue from the UK, USA and Canada, Europe and the rest of the world.

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