Electromedical Technologies (Electromedical Technologies) Days Payable : 291.21 (As of Dec. 2023)

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What is Electromedical Technologies Days Payable?

Electromedical Technologies's average Accounts Payable for the three months ended in Dec. 2023 was $0.26 Mil. Electromedical Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.08 Mil. Hence, Electromedical Technologies's Days Payable for the three months ended in Dec. 2023 was 291.21.

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

EMED' s Days Payable Range Over the Past 10 Years
Min: 304.77 Med: 383.33 Max: 483.53
Current: 382.23

During the past 5 years, Electromedical Technologies's highest Days Payable was 483.53. The lowest was 304.77. And the median was 383.33.

EMED's Days Payable is ranked better than
90.71% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 72.855 vs EMED: 382.23

Electromedical Technologies's Days Payable increased from Dec. 2022 (275.78) to Dec. 2023 (291.21). It may suggest that Electromedical Technologies delayed paying its suppliers.

Electromedical Technologies Days Payable Historical Data

The historical data trend for Electromedical Technologies'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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Electromedical Technologies Days Payable Chart

Electromedical Technologies Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

383.33

483.53

438.37

337.03

304.77

Electromedical Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial														275.78	420.48	588.78	341.88	291.21

Competitive Comparison of Electromedical Technologies's Days Payable

For the Medical Devices subindustry, Electromedical Technologies'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.

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

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

* The bar in red indicates where Electromedical Technologies's Days Payable falls into.

Electromedical Technologies 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.

Electromedical Technologies'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
=	( (0.267	+	0.239)	/	2 )	/	0.303	*	365
=	0.253					/	0.303	*	365
=	304.77

Electromedical Technologies'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
=	( (0.278	+	0.239)	/	2 )	/	0.081	*	365 / 4
=	0.2585					/	0.081	*	365 / 4
=	291.21

Electromedical Technologies Days Payable Related Terms

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Electromedical Technologies (Electromedical Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Electromedical Technologies Inc (OTCPK:EMED) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

16561 North 92nd Street, Suite 101, Scottsdale, AZ, USA, 85260

Website

https://www.electromedtech.com

Electromedical Technologies Inc is a bioelectronics manufacturing company. It designs and develops simple-to-use bioelectronics therapy devices, which in major cases provide immediate and long-lasting pain relief across the broadest range of ailments. Its focuses on improving global wellness for people suffering from various painful conditions. It Develops and manufactures bioelectronics products.

Executives

Hymers Iii R. Leslie	director	520 S GRAND AVENUE, STE 320, LOS ANGELES CA 90071
Lee Benson	director	PO BOX 41828, MESA AZ 41828
Donald J Steinberg	10 percent owner	3223 SUMAC ROAD, FALLBROOK CA 92028
Matthew Wolfson	director, officer: CEO, CFO	16561 N. 92ND STREET, STE. 101, SCOTTSDALE AZ 85260