Kane Biotech (TSXV:KNE) Days Payable : 3,615.78 (As of Mar. 2024)

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What is Kane Biotech Days Payable?

Kane Biotech's average Accounts Payable for the three months ended in Mar. 2024 was C$0.48 Mil. Kane Biotech's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.01 Mil. Hence, Kane Biotech's Days Payable for the three months ended in Mar. 2024 was 3,615.78.

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

During the past 13 years, Kane Biotech's highest Days Payable was 4984.28. The lowest was 136.02. And the median was 330.89.

TSXV:KNE's Days Payable is not ranked ^*
in the Biotechnology industry.
Industry Median: 148.53
* Ranked among companies with meaningful Days Payable only.

Kane Biotech's Days Payable declined from Mar. 2023 (7,469.46) to Mar. 2024 (3,615.78). It may suggest that Kane Biotech accelerated paying its suppliers.

Kane Biotech Days Payable Historical Data

The historical data trend for Kane Biotech'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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Kane Biotech Days Payable Chart

Kane Biotech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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155.56

262.22

226.02

4,984.28

4,745.00

Kane Biotech Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															7,469.46	151.99	84.46	-	3,615.78

Competitive Comparison of Kane Biotech's Days Payable

For the Biotechnology subindustry, Kane Biotech'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.

Kane Biotech's Days Payable Distribution in the Biotechnology Industry

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

* The bar in red indicates where Kane Biotech's Days Payable falls into.

Kane Biotech 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.

Kane Biotech'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
=	( (0.603	+	0.437)	/	2 )	/	0.04	*	365
=	0.52					/	0.04	*	365
=	4,745.00

Kane Biotech's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0.437	+	0.514)	/	2 )	/	0.012	*	365 / 4
=	0.4755					/	0.012	*	365 / 4
=	3,615.78

Kane Biotech Days Payable Related Terms

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Kane Biotech (TSXV:KNE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Kane Biotech Inc (TSXV:KNE) » Definitions » Days Payable

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Traded in Other Exchanges

KNBIF:USA

Address

290-100 Innovation Drive, Winnipeg, MB, CAN, R3T 6G2

Website

https://www.kanebiotech.com

Kane Biotech Inc is a biotechnology company engaged in the research, development and commercialization of technologies and products that prevent and remove microbial biofilms. The company has a portfolio of biotechnologies, intellectual property and products developed by its own biofilm research expertise and acquired from research institutions. The Company has a separate operating segment for its Stem Animal Health subsidiary, which operates the animal health business. StrixNB, DispersinB, Aledex, bluestem, bluestem, silkstem, goldstem, coactiv+, DermaKB and DermaKB Biofilm are trademarks of the company. The firm is also engaged in the animal health business through its Stem Animal Health subsidiary.

Executives

Philip Renaud

Director

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