MDxHealth (MDxHealth) Days Payable : 103.16 (As of Mar. 2024)

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What is MDxHealth Days Payable?

MDxHealth's average Accounts Payable for the three months ended in Mar. 2024 was $8.79 Mil. MDxHealth's Cost of Goods Sold for the three months ended in Mar. 2024 was $7.77 Mil. Hence, MDxHealth's Days Payable for the three months ended in Mar. 2024 was 103.16.

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

MDXH' s Days Payable Range Over the Past 10 Years
Min: 126.16 Med: 214.04 Max: 321.9
Current: 126.16

During the past 13 years, MDxHealth's highest Days Payable was 321.90. The lowest was 126.16. And the median was 214.04.

MDXH's Days Payable is ranked better than
66.67% of 207 companies
in the Medical Diagnostics & Research industry
Industry Median: 68.78 vs MDXH: 126.16

MDxHealth's Days Payable declined from Mar. 2023 (163.56) to Mar. 2024 (103.16). It may suggest that MDxHealth accelerated paying its suppliers.

MDxHealth Days Payable Historical Data

The historical data trend for MDxHealth'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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MDxHealth Days Payable Chart

MDxHealth Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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177.16

180.08

199.69

180.43

131.95

MDxHealth Quarterly Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															163.56	148.31	131.75	120.44	103.16

Competitive Comparison of MDxHealth's Days Payable

For the Diagnostics & Research subindustry, MDxHealth'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.

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

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

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

MDxHealth 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.

MDxHealth'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
=	( (10.178	+	8.811)	/	2 )	/	26.264	*	365
=	9.4945					/	26.264	*	365
=	131.95

MDxHealth'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
=	( (8.811	+	8.759)	/	2 )	/	7.771	*	365 / 4
=	8.785					/	7.771	*	365 / 4
=	103.16

MDxHealth Days Payable Related Terms

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MDxHealth (MDxHealth) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » MDxHealth SA (NAS:MDXH) » Definitions » Days Payable

Comparable Companies

BIOQ PSNL VNRX PRE ENZ PRPH ACRS BNR DRIO AWH TMO DHR IQV XSWX:LONN IDXX A MTD ICLR ILMN WAT

Traded in Other Exchanges

N/A

Address

Rue d’Abhooz, 31, Cap Business Center, Herstal, Liege, BEL, 4040

Website

https://www.mdxhealth.com

MDxHealth SA is a multinational healthcare company that provides actionable molecular diagnostic information to personalize the diagnosis and treatment of cancer. Its tests are based on proprietary genomic, epigenetic, and other molecular technologies and assist physicians with the diagnosis of urologic cancers, the prognosis of recurrence risk, and prediction of response to a specific therapy. It derives revenues from clinical laboratory service testing or the out-licensing of the company's patented DNA methylation platform and biomarkers. Geographically, it derives revenue from the United States of America (USA), and Europe.