NuGen Medical Devices (TSXV:NGMD) Days Payable : 4,277.89 (As of Mar. 2024)

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What is NuGen Medical Devices Days Payable?

NuGen Medical Devices's average Accounts Payable for the three months ended in Mar. 2024 was C$0.98 Mil. NuGen Medical Devices's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.02 Mil. Hence, NuGen Medical Devices's Days Payable for the three months ended in Mar. 2024 was 4,277.89.

The historical rank and industry rank for NuGen Medical Devices's Days Payable or its related term are showing as below:

TSXV:NGMD' s Days Payable Range Over the Past 10 Years
Min: 2131.3 Med: 7362.66 Max: 23023.08
Current: 2131.3

During the past 4 years, NuGen Medical Devices's highest Days Payable was 23023.08. The lowest was 2131.30. And the median was 7362.66.

TSXV:NGMD's Days Payable is ranked better than
96.68% of 784 companies
in the Medical Devices & Instruments industry
Industry Median: 72.67 vs TSXV:NGMD: 2131.30

NuGen Medical Devices's Days Payable declined from Dec. 2022 (5,963.46) to Mar. 2024 (4,277.89). It may suggest that NuGen Medical Devices accelerated paying its suppliers.

NuGen Medical Devices Days Payable Historical Data

The historical data trend for NuGen Medical Devices'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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NuGen Medical Devices Days Payable Chart

NuGen Medical Devices Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

23,023.08

6,736.63

7,988.68

2,652.85

NuGen Medical Devices Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial									5,963.46	17,141.96	2,148.62	770.93	4,277.89

Competitive Comparison of NuGen Medical Devices's Days Payable

For the Medical Devices subindustry, NuGen Medical Devices'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.

NuGen Medical Devices's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, NuGen Medical Devices's Days Payable distribution charts can be found below:

* The bar in red indicates where NuGen Medical Devices's Days Payable falls into.

NuGen Medical Devices 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.

NuGen Medical Devices'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
=	( (1.442	+	0.971)	/	2 )	/	0.166	*	365
=	1.2065					/	0.166	*	365
=	2,652.85

NuGen Medical Devices'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
=	( (0.971	+	0.998)	/	2 )	/	0.021	*	365 / 4
=	0.9845					/	0.021	*	365 / 4
=	4,277.89

NuGen Medical Devices Days Payable Related Terms

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NuGen Medical Devices (TSXV:NGMD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » NuGen Medical Devices Inc (TSXV:NGMD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NGMDF:USA 79O:Germany

Address

18 King Street East, Suite 1400, Toronto, ON, CAN, M5C 1C4

Website

https://www.nugenmd.com

NuGen Medical Devices Inc is a medical device manufacturing company specializing in the field of needleless injections and related technologies. The reportable segment of the company is the manufacturing of needless injector devices. Geographically the company generates revenue from Asia, Europe and others.

Executives

Richard Buzbuzian

Director, Senior Officer

NuGen Medical Devices (TSXV:NGMD) Headlines

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