Euro-Med Laboratories Philippines (PHS:EURO) Days Payable : 56.22 (As of Mar. 2024)

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What is Euro-Med Laboratories Philippines Days Payable?

Euro-Med Laboratories Philippines's average Accounts Payable for the three months ended in Mar. 2024 was ₱458 Mil. Euro-Med Laboratories Philippines's Cost of Goods Sold for the three months ended in Mar. 2024 was ₱743 Mil. Hence, Euro-Med Laboratories Philippines's Days Payable for the three months ended in Mar. 2024 was 56.22.

The historical rank and industry rank for Euro-Med Laboratories Philippines's Days Payable or its related term are showing as below:

PHS:EURO' s Days Payable Range Over the Past 10 Years
Min: 40.92 Med: 52.21 Max: 83.64
Current: 40.92

During the past 13 years, Euro-Med Laboratories Philippines's highest Days Payable was 83.64. The lowest was 40.92. And the median was 52.21.

PHS:EURO's Days Payable is ranked worse than
81.93% of 974 companies
in the Drug Manufacturers industry
Industry Median: 88.685 vs PHS:EURO: 40.92

Euro-Med Laboratories Philippines's Days Payable increased from Mar. 2023 (39.51) to Mar. 2024 (56.22). It may suggest that Euro-Med Laboratories Philippines delayed paying its suppliers.

Euro-Med Laboratories Philippines Days Payable Historical Data

The historical data trend for Euro-Med Laboratories Philippines'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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Euro-Med Laboratories Philippines Days Payable Chart

Euro-Med Laboratories Philippines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

45.10

83.64

71.16

43.62

44.91

Euro-Med Laboratories Philippines Quarterly Data
	Dec18	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															39.51	48.12	46.37	27.47	56.22

Competitive Comparison of Euro-Med Laboratories Philippines's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Euro-Med Laboratories Philippines'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.

Euro-Med Laboratories Philippines's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Euro-Med Laboratories Philippines's Days Payable distribution charts can be found below:

* The bar in red indicates where Euro-Med Laboratories Philippines's Days Payable falls into.

Euro-Med Laboratories Philippines 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.

Euro-Med Laboratories Philippines'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
=	( (346.11	+	477.377)	/	2 )	/	3346.727	*	365
=	411.7435					/	3346.727	*	365
=	44.91

Euro-Med Laboratories Philippines'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
=	( (477.377	+	438.811)	/	2 )	/	743.483	*	365 / 4
=	458.094					/	743.483	*	365 / 4
=	56.22

Euro-Med Laboratories Philippines Days Payable Related Terms

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Euro-Med Laboratories Philippines (PHS:EURO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Euro-Med Laboratories Philippines Inc (PHS:EURO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

San Marcelino Street, 1000 United Nations Avenue corner, PPL Building, 2nd floor, Manila, PHL, 1000

Website

http://www.euromedlab.net

Euro-Med Laboratories Philippines Inc is a pharmaceutical-based company that engages in the manufacture of pharmaceutical products such as large and small volume parenterals and other solutions. The company also manufactures sterile water for the injection, and other solutions such as ophthalmic, inhalation, irrigation and dialysis. It operates through the following segments: The Manufacturing pharmaceutical segment involves the manufacturing of pharmaceutical products. The Health and other care Service segment operates a dialysis center. Development and operation of quick-service restaurant segment include operations of the quick-service restaurant, catering, food production and other related services.

Euro-Med Laboratories Philippines (PHS:EURO) Headlines

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