Envoy Medical (Envoy Medical) Days Payable : 962.22 (As of Dec. 2023)

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What is Envoy Medical Days Payable?

Envoy Medical's average Accounts Payable for the three months ended in Dec. 2023 was $2.47 Mil. Envoy Medical's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.23 Mil. Hence, Envoy Medical's Days Payable for the three months ended in Dec. 2023 was 962.22.

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

COCH' s Days Payable Range Over the Past 10 Years
Min: 313.74 Med: 591.45 Max: 1001.58
Current: 1001.58

During the past 3 years, Envoy Medical's highest Days Payable was 1001.58. The lowest was 313.74. And the median was 591.45.

COCH's Days Payable is ranked better than
94.91% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 73.005 vs COCH: 1001.58

Envoy Medical's Days Payable increased from Sep. 2022 (0.00) to Dec. 2023 (962.22). It may suggest that Envoy Medical delayed paying its suppliers.

Envoy Medical Days Payable Historical Data

The historical data trend for Envoy Medical'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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Envoy Medical Days Payable Chart

Envoy Medical Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

313.74

609.80

591.45

Envoy Medical Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial			-	606.12	460.77	1,385.89	962.22

Competitive Comparison of Envoy Medical's Days Payable

For the Medical Devices subindustry, Envoy Medical'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.

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

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

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

Envoy Medical 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.

Envoy Medical'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
=	( (1.003	+	1.554)	/	2 )	/	0.789	*	365
=	1.2785					/	0.789	*	365
=	591.45

Envoy Medical'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
=	( (3.381	+	1.554)	/	2 )	/	0.234	*	365 / 4
=	2.4675					/	0.234	*	365 / 4
=	962.22

Envoy Medical Days Payable Related Terms

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Envoy Medical (Envoy Medical) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Envoy Medical Inc (NAS:COCH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4875 White Bear Parkway, White Bear Lake, MN, USA, 55110

Website

https://www.envoymedical.com

Envoy Medical Inc is focused on designing, developing, and marketing fully implantable medical devices that improve hearing. The Company's first commercial product, the Esteem PMA application, is a fully implantable hearing device. The Esteem PMA was cleared in 2010 by the United States Food and Drug Administration. The Company intends to continue to pursue the development of a cochlear implant.