Sisram Medical (HKSE:01696) Days Payable : 34.41 (As of Dec. 2023)

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What is Sisram Medical Days Payable?

Sisram Medical's average Accounts Payable for the six months ended in Dec. 2023 was HK$108 Mil. Sisram Medical's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$574 Mil. Hence, Sisram Medical's Days Payable for the six months ended in Dec. 2023 was 34.41.

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

HKSE:01696' s Days Payable Range Over the Past 10 Years
Min: 27.8 Med: 42.43 Max: 54.7
Current: 35.63

During the past 10 years, Sisram Medical's highest Days Payable was 54.70. The lowest was 27.80. And the median was 42.43.

HKSE:01696's Days Payable is ranked worse than
80.35% of 789 companies
in the Medical Devices & Instruments industry
Industry Median: 72.55 vs HKSE:01696: 35.63

Sisram Medical's Days Payable declined from Dec. 2022 (38.70) to Dec. 2023 (34.41). It may suggest that Sisram Medical accelerated paying its suppliers.

Sisram Medical Days Payable Historical Data

The historical data trend for Sisram 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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Sisram Medical Days Payable Chart

Sisram Medical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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44.55

54.70

32.09

31.62

27.80

Sisram Medical Semi-Annual Data
	Dec14	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													32.63	39.30	38.70	45.26	34.41

Competitive Comparison of Sisram Medical's Days Payable

For the Medical Devices subindustry, Sisram 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.

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

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

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

Sisram 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.

Sisram 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
=	( (103.818	+	62.463)	/	2 )	/	1091.553	*	365
=	83.1405					/	1091.553	*	365
=	27.80

Sisram 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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (153.848	+	62.463)	/	2 )	/	573.583	*	365 / 2
=	108.1555					/	573.583	*	365 / 2
=	34.41

Sisram Medical Days Payable Related Terms

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Sisram Medical (HKSE:01696) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Sisram Medical Ltd (HKSE:01696) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

HaHarash Street 18, Ofek Building 15, Industrial Park, Caesarea, ISR, 3079895

Website

https://www.sisram-medical.com

Sisram Medical Ltd is an investment holding company specializing in medical technology for healthcare. The company is mainly involved in the design, development, manufacture, and sale of energy-based aesthetic medical and minimally invasive treatment systems, non-EBD devices and cosmeceuticals. The company's products include Soprano Titanium, Colibri technology, and others. Some of the company's brands are Alma, Soprano, Harmony, and ClearLift. It operates through the following geographical segments: Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa.

Executives

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Sisram Medical (HKSE:01696) Headlines

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