Scientific Industries (Scientific Industries) Days Payable : 46.76 (As of Mar. 2024)

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What is Scientific Industries Days Payable?

Scientific Industries's average Accounts Payable for the three months ended in Mar. 2024 was $0.74 Mil. Scientific Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was $1.44 Mil. Hence, Scientific Industries's Days Payable for the three months ended in Mar. 2024 was 46.76.

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

SCND' s Days Payable Range Over the Past 10 Years
Min: 16.66 Med: 26.63 Max: 55.21
Current: 51.05

During the past 13 years, Scientific Industries's highest Days Payable was 55.21. The lowest was 16.66. And the median was 26.63.

SCND's Days Payable is ranked worse than
66.08% of 2423 companies
in the Hardware industry
Industry Median: 67.77 vs SCND: 51.05

Scientific Industries's Days Payable declined from Mar. 2023 (60.40) to Mar. 2024 (46.76). It may suggest that Scientific Industries accelerated paying its suppliers.

Scientific Industries Days Payable Historical Data

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

Scientific Industries Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Dec23

Days Payable

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31.19

42.89

30.00

50.26

55.21

Scientific Industries 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															60.40	45.04	56.37	54.78	46.76

Competitive Comparison of Scientific Industries's Days Payable

For the Scientific & Technical Instruments subindustry, Scientific Industries'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.

Scientific Industries's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Scientific Industries's Days Payable distribution charts can be found below:

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

Scientific Industries 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.

Scientific Industries'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: Jun. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1.106	+	0.712)	/	2 )	/	6.01	*	365
=	0.909					/	6.01	*	365
=	55.21

Scientific Industries'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
=	( (0.712	+	0.767)	/	2 )	/	1.443	*	365 / 4
=	0.7395					/	1.443	*	365 / 4
=	46.76

Scientific Industries Days Payable Related Terms

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Scientific Industries (Scientific Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Scientific Industries Inc (OTCPK:SCND) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

80 Orville Drive, Suite 102, Bohemia, NY, USA, 11716

Website

https://www.scientificindustries.com

Scientific Industries Inc is engaged in the design, manufacture, and marketing of benchtop laboratory equipment. Its products are used for research purposes by universities, pharmaceutical companies, pharmacies, national laboratories, medical device manufacturers, petrochemical companies, and other industries performing laboratory-scale research. The company's operating segment includes Benchtop Laboratory Equipment, Bioprocessing Systems and Corporate. It generates maximum revenue from the Benchtop Laboratory Equipment segment. The company offers equipment products such as mixers, shakers, stirrers, refrigerated incubators, pharmacy balances and scales, force gauges, catalyst instruments, reactor systems, and high throughput systems.

Executives

Bleichroeder Lp	10 percent owner	1345 AVENUE OF THE AMERICAS, 47TH FLOOR, NEW YORK NY 10105
Marcus Frampton	director, 10 percent owner	800 F STREET, UNIT #P2, JUNEAU AK 99801
Jurgen Walter Schumacher	director	WARTAWEIL 14, HERRSCHING 2M 82211
Reginald Averilla	officer: Chief Financial Officer	175-20 WEXFORD TERRACE, APT 2X, JAMAICA NY 11432
Joseph G Cremonese	director	C/O SCIENTIFIC INDUSTRIES INC, 70 ORVILLE DR, BOHEMIA NY 11716
John A Moore	director	403 MARSH LANE, WILMINGTON DE 19807
Helena R Santos	director, officer: President and CEO
Veradace Partners Lp	10 percent owner	2626 COLE AVENUE, SUITE 300, DALLAS TX 75204
James B Polk	officer: Chief Commercial Officer	7550 GLEN RIDGE DRIVE, CASTLE PINES CO 80101
Roy T Eddleman	10 percent owner	110 W. GEORGE BURNS ROAD, SUITE D-4018, LOS ANGELES CA 90048
Lyon Polk	10 percent owner	1585 BROADWAY, 22ND FLOOR, NEW YORK NY 10036
Christopher T Cox	10 percent owner	CADWALADER, WICKERSHAM & TAFT LLP, ONE WORLD FINANCIAL CENTER, NEW YORK NY 10281
Robert Nichols	officer: Secretary	C/O SCIENTIFIC INDUSTRIES, INC., 70 ORVILLE DRIVE, BOHEMIA NY 11716
Watkins John F F	director	469 PUMPKIN LANE, CLINTON CORNERS NY 12514
Karl Nowosielski	officer: President-Division	C/O SCIENTIFIC INDUSTRIES, 70 ORVILLE DRIVE, BOHEMIA NY 11716