Ondine Biomedical (LSE:OBI) Days Payable : 324.15 (As of Jun. 2023)

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What is Ondine Biomedical Days Payable?

Ondine Biomedical's average Accounts Payable for the six months ended in Jun. 2023 was £0.19 Mil. Ondine Biomedical's Cost of Goods Sold for the six months ended in Jun. 2023 was £0.11 Mil. Hence, Ondine Biomedical's Days Payable for the six months ended in Jun. 2023 was 324.15.

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

LSE:OBI' s Days Payable Range Over the Past 10 Years
Min: 67.16 Med: 776.91 Max: 1957.6
Current: 371.92

During the past 13 years, Ondine Biomedical's highest Days Payable was 1957.60. The lowest was 67.16. And the median was 776.91.

LSE:OBI's Days Payable is ranked better than
71.15% of 721 companies
in the Biotechnology industry
Industry Median: 148.28 vs LSE:OBI: 371.92

Ondine Biomedical's Days Payable declined from Jun. 2022 (1,320.08) to Jun. 2023 (324.15). It may suggest that Ondine Biomedical accelerated paying its suppliers.

Ondine Biomedical Days Payable Historical Data

The historical data trend for Ondine Biomedical'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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Ondine Biomedical Days Payable Chart

Ondine Biomedical Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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386.13

359.24

67.16

199.52

805.40

Ondine Biomedical Semi-Annual Data
	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial															94.80	519.63	1,320.08	396.71	324.15

Competitive Comparison of Ondine Biomedical's Days Payable

For the Biotechnology subindustry, Ondine Biomedical'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.

Ondine Biomedical's Days Payable Distribution in the Biotechnology Industry

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

* The bar in red indicates where Ondine Biomedical's Days Payable falls into.

Ondine Biomedical 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.

Ondine Biomedical'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
=	( (0.706	+	0.234)	/	2 )	/	0.213	*	365
=	0.47					/	0.213	*	365
=	805.40

Ondine Biomedical'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: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.234	+	0.139)	/	2 )	/	0.105	*	365 / 2
=	0.1865					/	0.105	*	365 / 2
=	324.15

Ondine Biomedical Days Payable Related Terms

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Ondine Biomedical (LSE:OBI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Ondine Biomedical Inc (LSE:OBI) » Definitions » Days Payable

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OBIMF:USA

Address

1100 Melville Street, Suite 888, Vancouver, BC, CAN, V6E4A6

Website

https://www.ondinebio.com

Ondine Biomedical Inc is a life sciences company, focusing on the development of photodisinfection-based therapies to provide solutions to drug-resistant infections. The company has created a platform technology called antimicrobial photodynamic disinfection, or photodisinfection, to help prevent and help treat infections across different therapeutic areas in healthcare and industry settings. Canada is the major revenue generator for the group. The company has one reportable operating segment that is antimicrobial photodynamic therapy (aPDT) products.

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