Corcept Therapeutics (LTS:0I3Q) Days Payable : 539.09 (As of Mar. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Corcept Therapeutics Days Payable?

Corcept Therapeutics's average Accounts Payable for the three months ended in Mar. 2024 was $15.0 Mil. Corcept Therapeutics's Cost of Goods Sold for the three months ended in Mar. 2024 was $2.5 Mil. Hence, Corcept Therapeutics's Days Payable for the three months ended in Mar. 2024 was 539.09.

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

LTS:0I3Q' s Days Payable Range Over the Past 10 Years
Min: 320.57 Med: 590.48 Max: 882.91
Current: 629.98

During the past 13 years, Corcept Therapeutics's highest Days Payable was 882.91. The lowest was 320.57. And the median was 590.48.

LTS:0I3Q's Days Payable is ranked better than
78.8% of 717 companies
in the Biotechnology industry
Industry Median: 152.89 vs LTS:0I3Q: 629.98

Corcept Therapeutics's Days Payable declined from Mar. 2023 (763.45) to Mar. 2024 (539.09). It may suggest that Corcept Therapeutics accelerated paying its suppliers.

Corcept Therapeutics Days Payable Historical Data

The historical data trend for Corcept Therapeutics'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.

* Premium members only.

Corcept Therapeutics Days Payable Chart

Corcept Therapeutics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

523.99

591.47

603.45

639.99

827.09

Corcept Therapeutics Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															763.45	556.31	684.68	829.03	539.09

Competitive Comparison of Corcept Therapeutics's Days Payable

For the Biotechnology subindustry, Corcept Therapeutics'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.

Corcept Therapeutics's Days Payable Distribution in the Biotechnology Industry

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

* The bar in red indicates where Corcept Therapeutics's Days Payable falls into.

Corcept Therapeutics 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.

Corcept Therapeutics'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
=	( (11.976	+	17.396)	/	2 )	/	6.481	*	365
=	14.686					/	6.481	*	365
=	827.09

Corcept Therapeutics's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (17.396	+	12.557)	/	2 )	/	2.535	*	365 / 4
=	14.9765					/	2.535	*	365 / 4
=	539.09

Corcept Therapeutics Days Payable Related Terms

Thank you for viewing the detailed overview of Corcept Therapeutics's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Corcept Therapeutics (LTS:0I3Q) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Corcept Therapeutics Inc (LTS:0I3Q) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CORT:USA HTD:Germany

Address

149 Commonwealth Drive, Menlo Park, CA, USA, 94025

Website

https://www.corcept.com

Corcept Therapeutics Inc is a commercial-stage pharmaceutical company engaged in the discovery and development of medications that treat severe metabolic, oncologic and neuropsychiatric disorders by modulating the effect of the hormone cortisol.

Corcept Therapeutics (LTS:0I3Q) Headlines

No Headlines