PharmChem (PharmChem) Days Payable : 36.22 (As of Sep. 2023)

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What is PharmChem Days Payable?

PharmChem's average Accounts Payable for the three months ended in Sep. 2023 was $0.21 Mil. PharmChem's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.53 Mil. Hence, PharmChem's Days Payable for the three months ended in Sep. 2023 was 36.22.

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

PCHM' s Days Payable Range Over the Past 10 Years
Min: 34.92 Med: 39.69 Max: 144.9
Current: 144.9

During the past 13 years, PharmChem's highest Days Payable was 144.90. The lowest was 34.92. And the median was 39.69.

PCHM's Days Payable is ranked better than
70.05% of 207 companies
in the Medical Diagnostics & Research industry
Industry Median: 68.78 vs PCHM: 144.90

PharmChem's Days Payable declined from Mar. 2003 (49.73) to Sep. 2023 (36.22). It may suggest that PharmChem accelerated paying its suppliers.

PharmChem Days Payable Historical Data

The historical data trend for PharmChem'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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PharmChem Days Payable Chart

PharmChem Annual Data

Trend

Dec93

Dec94

Dec95

Dec96

Dec97

Dec98

Dec99

Dec00

Dec01

Dec02

Days Payable

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39.06

34.92

36.58

66.59

70.21

PharmChem Quarterly Data
	Jun99	Sep99	Dec99	Mar00	Jun00	Sep00	Dec00	Mar01	Jun01	Sep01	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Sep22	Sep23
Days Payable	Get a 7-Day Free Trial															49.73	39.67	34.94	348.22	36.22

Competitive Comparison of PharmChem's Days Payable

For the Diagnostics & Research subindustry, PharmChem'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.

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

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

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

PharmChem 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.

PharmChem's Days Payable for the fiscal year that ended in Dec. 2002 is calculated as

	Days Payable (A: Dec. 2002 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2001 )	+	Accounts Payable (A: Dec. 2002 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2002 )	*	Days in Period
=	( (5.935	+	2.918)	/	2 )	/	23.013	*	365
=	4.4265					/	23.013	*	365
=	70.21

PharmChem's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2022 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0	+	0.21)	/	1 )	/	0.529	*	365 / 4
=	0.21					/	0.529	*	365 / 4
=	36.22

PharmChem Days Payable Related Terms

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PharmChem (PharmChem) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » PharmChem Inc (OTCPK:PCHM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2411 E. Loop 820 N, Fort Worth, TX, USA, 76118

Website

https://www.pharmchek.com

PharmChem Inc is engaged in selling and distributing of the PharmChek Sweat Patch Device. PharmChek is a system that uses sweat to detect the presence of illegal drugs. It consists of a transparent polyurethane outer covering, a small absorbent pad, and a release liner. Geographically the activities are carried out throughout the United States.

Executives

Alto Investors Palo	10 percent owner	470 UNIVERSITY AVENUE, PALO ALTO CA 94301
Micro Cap Partners Lp	10 percent owner

PharmChem (PharmChem) Headlines

From GuruFocus

PharmChem (PCHM) Announces Response To Opposition

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