60 Degrees Pharmaceuticals (60 Degrees Pharmaceuticals) Days Payable : 241.47 (As of Dec. 2023)

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What is 60 Degrees Pharmaceuticals Days Payable?

60 Degrees Pharmaceuticals's average Accounts Payable for the three months ended in Dec. 2023 was $0.39 Mil. 60 Degrees Pharmaceuticals's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.15 Mil. Hence, 60 Degrees Pharmaceuticals's Days Payable for the three months ended in Dec. 2023 was 241.47.

The historical rank and industry rank for 60 Degrees Pharmaceuticals's Days Payable or its related term are showing as below:

SXTP' s Days Payable Range Over the Past 10 Years
Min: 422.11 Med: 527.75 Max: 714.94
Current: 527.29

During the past 4 years, 60 Degrees Pharmaceuticals's highest Days Payable was 714.94. The lowest was 422.11. And the median was 527.75.

SXTP's Days Payable is ranked better than
76.11% of 720 companies
in the Biotechnology industry
Industry Median: 147.17 vs SXTP: 527.29

60 Degrees Pharmaceuticals's Days Payable declined from Dec. 2022 (339.53) to Dec. 2023 (241.47). It may suggest that 60 Degrees Pharmaceuticals accelerated paying its suppliers.

60 Degrees Pharmaceuticals Days Payable Historical Data

The historical data trend for 60 Degrees Pharmaceuticals'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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60 Degrees Pharmaceuticals Days Payable Chart

60 Degrees Pharmaceuticals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

714.94

422.11

569.47

486.03

60 Degrees Pharmaceuticals Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial						339.53	996.88	469.64	854.67	241.47

Competitive Comparison of 60 Degrees Pharmaceuticals's Days Payable

For the Biotechnology subindustry, 60 Degrees Pharmaceuticals'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.

60 Degrees Pharmaceuticals's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, 60 Degrees Pharmaceuticals's Days Payable distribution charts can be found below:

* The bar in red indicates where 60 Degrees Pharmaceuticals's Days Payable falls into.

60 Degrees Pharmaceuticals 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.

60 Degrees Pharmaceuticals'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
=	( (0.759	+	0.506)	/	2 )	/	0.475	*	365
=	0.6325					/	0.475	*	365
=	486.03

60 Degrees Pharmaceuticals'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
=	( (0.272	+	0.506)	/	2 )	/	0.147	*	365 / 4
=	0.389					/	0.147	*	365 / 4
=	241.47

60 Degrees Pharmaceuticals Days Payable Related Terms

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60 Degrees Pharmaceuticals (60 Degrees Pharmaceuticals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » 60 Degrees Pharmaceuticals Inc (NAS:SXTP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1025 Connecticut Avenue NW, Suite 1000, Washington, D.C, WA, USA, 20036

Website

https://www.60degreespharma.com

60 Degrees Pharmaceuticals Inc operates as a specialty pharmaceutical company with the goal of using biological science and applied research to develop and commercialize new therapies for the prevention and treatment of infectious diseases. The firm's pipeline products under development cover development programs for COVID-19, fungal, tick-borne, and other viral diseases through Arakoda and Celgosivir.

Executives

Charles W Allen	director	1881 N. NASH STREET, UNIT 701, ARLINGTON VA 22209
Kentucky Technology Inc.	10 percent owner	824 BULL LEA RUN, SUITE 2100, LEXINGTON KY 40511
Cheryl Xu	director	1025 CONNECTICUT AVENUE NW, SUITE 1000, WASHINGTON DC 20036
Paul Field	director	1025 CONNECTICUT AVENUE NW, SUITE 1000, WASHINGTON DC 20036
Tyrone Miller	officer: Chief Financial Officer	1025 CONNECTICUT AVENUE NW, SUITE 1000, WASHINGTON DC 20036
Geoffrey S Dow	director, 10 percent owner, officer: CEO and President	1025 CONNECTICUT AVENUE NW, SUITE 1000, WASHINGTON DC 20036
Florida State University Research Foundation Inc.	10 percent owner	200 LEVY AVENUE, BUILDING A, SUITE 351, TALLAHASSEE FL 32310
Bryan Lee Smith	officer: Chief Medical Officer	1025 CONNECTICUT AVENUE NW, SUITE 1000, WASHINGTON DC 20036
Stephen Toovey	director	1025 CONNECTICUT AVENUE NW, SUITE 100, WASHINGTON DC 20036