Avecho Biotechnology (ASX:AVE) Days Payable : 276.56 (As of Dec. 2023)

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What is Avecho Biotechnology Days Payable?

Avecho Biotechnology's average Accounts Payable for the six months ended in Dec. 2023 was A$0.59 Mil. Avecho Biotechnology's Cost of Goods Sold for the six months ended in Dec. 2023 was A$0.39 Mil. Hence, Avecho Biotechnology's Days Payable for the six months ended in Dec. 2023 was 276.56.

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

ASX:AVE' s Days Payable Range Over the Past 10 Years
Min: 100.76 Med: 266.75 Max: 3239.87
Current: 322.4

During the past 13 years, Avecho Biotechnology's highest Days Payable was 3239.87. The lowest was 100.76. And the median was 266.75.

ASX:AVE's Days Payable is ranked better than
69.02% of 723 companies
in the Biotechnology industry
Industry Median: 148.78 vs ASX:AVE: 322.40

Avecho Biotechnology's Days Payable increased from Dec. 2022 (239.28) to Dec. 2023 (276.56). It may suggest that Avecho Biotechnology delayed paying its suppliers.

Avecho Biotechnology Days Payable Historical Data

The historical data trend for Avecho Biotechnology'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.

* Premium members only.

Avecho Biotechnology Days Payable Chart

Avecho Biotechnology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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195.29

262.34

118.05

144.48

100.76

Avecho Biotechnology 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															130.15	108.05	239.28	908.94	276.56

Competitive Comparison of Avecho Biotechnology's Days Payable

For the Biotechnology subindustry, Avecho Biotechnology'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.

Avecho Biotechnology's Days Payable Distribution in the Biotechnology Industry

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

* The bar in red indicates where Avecho Biotechnology's Days Payable falls into.

Avecho Biotechnology 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.

Avecho Biotechnology'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
=	( (0.191	+	0.095)	/	2 )	/	0.518	*	365
=	0.143					/	0.518	*	365
=	100.76

Avecho Biotechnology'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
=	( (1.084	+	0.095)	/	2 )	/	0.389	*	365 / 2
=	0.5895					/	0.389	*	365 / 2
=	276.56

Avecho Biotechnology Days Payable Related Terms

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Avecho Biotechnology (ASX:AVE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Avecho Biotechnology Ltd (ASX:AVE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

OEZ:Germany

Address

Unit A8, 2A Westall Road, Clayton, Melbourne, VIC, AUS, 3168

Website

https://www.avecho.com.au

Avecho Biotechnology Ltd is a research-based biotechnology company engaged in the development, production, sale, and licensing of products incorporating its patented platform technology TPM, for the pharmaceutical, skincare and animal health and nutrition industries. Its segments include Production, Human Health, and other segments. The Production segment, which is the key revenue driver, manufactures and sells TPM and Vital ET for use in drug delivery and cosmetic formulations. The Human Health segment's portfolio covers the delivery of drugs through gels, injectables, and patches including the conduct of research and development activities. It focuses on the development of patches, including TPM/Oxymorphone and TPM/Oxycodone.

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