Reflect Scientific (Reflect Scientific) Days Payable : 66.18 (As of Dec. 2023)

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What is Reflect Scientific Days Payable?

Reflect Scientific's average Accounts Payable for the three months ended in Dec. 2023 was $0.08 Mil. Reflect Scientific's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.11 Mil. Hence, Reflect Scientific's Days Payable for the three months ended in Dec. 2023 was 66.18.

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

RSCF' s Days Payable Range Over the Past 10 Years
Min: 21.98 Med: 40.98 Max: 69.41
Current: 49.47

During the past 13 years, Reflect Scientific's highest Days Payable was 69.41. The lowest was 21.98. And the median was 40.98.

RSCF's Days Payable is ranked worse than
68.32% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 73.355 vs RSCF: 49.47

Reflect Scientific's Days Payable increased from Dec. 2022 (19.26) to Dec. 2023 (66.18). It may suggest that Reflect Scientific delayed paying its suppliers.

Reflect Scientific Days Payable Historical Data

The historical data trend for Reflect Scientific'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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Reflect Scientific Days Payable Chart

Reflect Scientific Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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47.62

30.47

23.54

21.98

42.23

Reflect Scientific Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															19.26	49.23	81.11	34.45	66.18

Competitive Comparison of Reflect Scientific's Days Payable

For the Medical Instruments & Supplies subindustry, Reflect Scientific'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.

Reflect Scientific's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Reflect Scientific's Days Payable distribution charts can be found below:

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

Reflect Scientific 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.

Reflect Scientific'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
=	( (0.055	+	0.057)	/	2 )	/	0.484	*	365
=	0.056					/	0.484	*	365
=	42.23

Reflect Scientific's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.104	+	0.057)	/	2 )	/	0.111	*	365 / 4
=	0.0805					/	0.111	*	365 / 4
=	66.18

Reflect Scientific Days Payable Related Terms

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Reflect Scientific (Reflect Scientific) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Reflect Scientific Inc (OTCPK:RSCF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1266 South 1380 West, Orem, UT, USA, 84058

Website

https://www.reflectscientific.com

Reflect Scientific Inc is engaged in the manufacture and distribution of products targeted at the life science market. The company serves a varies array of customers including hospitals and diagnostic laboratories, pharmaceutical and biotech companies, universities, government and private sector research facilities, and chemical and industrial companies. The products of the company are Cryometrix Freezers which provides energy savings and other critically important benefits to cryo-storage customers in the Life Science related industries, and detectors that serve the analytical instrumentation sector of the Life Sciences market. The company sells its products in the biotechnology, pharmaceutical, and medical industries.

Executives

Kim Boyce	director, 10 percent owner, officer: President	1266 SOUTH 1380 WEST, OREM UT 84058
Keith L Merrell	officer: CFO	1240 MUELLER PARK ROAD, BOUNTIFUL UT 84010
William G Moon	director	1266 SOUTH 1380 WEST, OREM UT 84058
David Scott Strate	officer: CFO	1270 S 1380 W, OREM UT 84058
Kevin Cooksy	officer: Secretary Treasurer	3161 GRANADA DRIVE, CAMERON PARK CA 95682
Craig Morrison	director	975 NORTH TERRACE DRIVE, PROVO UT 84604
Thomas A Tait	director, officer: Vice President	514 AMERICAS WAY #5556, BOX ELDER SD 57719