Syneos Health (FRA:8IN) Days Payable : 12.13 (As of Jun. 2023)

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What is Syneos Health Days Payable?

Syneos Health's average Accounts Payable for the three months ended in Jun. 2023 was €131 Mil. Syneos Health's Cost of Goods Sold for the three months ended in Jun. 2023 was €989 Mil. Hence, Syneos Health's Days Payable for the three months ended in Jun. 2023 was 12.13.

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

FRA:8IN' s Days Payable Range Over the Past 10 Years
Min: 5.2 Med: 7.91 Max: 14.14
Current: 10.7

During the past 12 years, Syneos Health's highest Days Payable was 14.14. The lowest was 5.20. And the median was 7.91.

FRA:8IN's Days Payable is not ranked
in the Medical Diagnostics & Research industry.
Industry Median: 68.78 vs FRA:8IN: 10.70

Syneos Health's Days Payable increased from Jun. 2022 (8.96) to Jun. 2023 (12.13). It may suggest that Syneos Health delayed paying its suppliers.

Syneos Health Days Payable Historical Data

The historical data trend for Syneos Health'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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Syneos Health Days Payable Chart

Syneos Health Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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8.23

11.66

14.14

9.74

9.68

Syneos Health Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Days Payable	Get a 7-Day Free Trial															8.96	9.50	10.77	11.14	12.13

Competitive Comparison of Syneos Health's Days Payable

For the Diagnostics & Research subindustry, Syneos Health'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.

Syneos Health's Days Payable Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Syneos Health's Days Payable distribution charts can be found below:

* The bar in red indicates where Syneos Health's Days Payable falls into.

Syneos Health 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.

Syneos Health's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (95.168	+	111.978)	/	2 )	/	3907.042	*	365
=	103.573					/	3907.042	*	365
=	9.68

Syneos Health's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (136.333	+	126.467)	/	2 )	/	988.868	*	365 / 4
=	131.4					/	988.868	*	365 / 4
=	12.13

Syneos Health Days Payable Related Terms

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Syneos Health (FRA:8IN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Syneos Health Inc (FRA:8IN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

1030 Sync Street, Morrisville, NC, USA, 27560-5468

Website

https://www.syneoshealth.com

Syneos is a global contract research and outsourced commercialization organization that provides services to pharmaceutical and biotechnology firms. Its clinical solutions segment offers early- to late-stage clinical trial support that ranges from specialized staffing models to strategic partnerships that oversee nearly all aspects of a drug program, while the company's commercialization solutions includes outsourced sales, consulting, public relations, and advertising services.

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