Tivic Health Systems (Tivic Health Systems) Days Payable : 175.11 (As of Dec. 2023)

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What is Tivic Health Systems Days Payable?

Tivic Health Systems's average Accounts Payable for the three months ended in Dec. 2023 was $0.68 Mil. Tivic Health Systems's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.35 Mil. Hence, Tivic Health Systems's Days Payable for the three months ended in Dec. 2023 was 175.11.

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

TIVC' s Days Payable Range Over the Past 10 Years
Min: 124.3 Med: 189.96 Max: 417.96
Current: 377.65

During the past 5 years, Tivic Health Systems's highest Days Payable was 417.96. The lowest was 124.30. And the median was 189.96.

TIVC's Days Payable is ranked better than
90.83% of 785 companies
in the Medical Devices & Instruments industry
Industry Median: 73.19 vs TIVC: 377.65

Tivic Health Systems's Days Payable declined from Dec. 2022 (365.63) to Dec. 2023 (175.11). It may suggest that Tivic Health Systems accelerated paying its suppliers.

Tivic Health Systems Days Payable Historical Data

The historical data trend for Tivic Health Systems'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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Tivic Health Systems Days Payable Chart

Tivic Health Systems Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

189.96

124.30

163.33

250.12

417.96

Tivic Health Systems Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial										365.63	419.30	878.28	385.19	175.11

Competitive Comparison of Tivic Health Systems's Days Payable

For the Medical Devices subindustry, Tivic Health Systems'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.

Tivic Health Systems's Days Payable Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Tivic Health Systems's Days Payable falls into.

Tivic Health Systems 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.

Tivic Health Systems'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
=	( (1.323	+	0.713)	/	2 )	/	0.889	*	365
=	1.018					/	0.889	*	365
=	417.96

Tivic Health Systems'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
=	( (0.638	+	0.713)	/	2 )	/	0.352	*	365 / 4
=	0.6755					/	0.352	*	365 / 4
=	175.11

Tivic Health Systems Days Payable Related Terms

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Tivic Health Systems (Tivic Health Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Tivic Health Systems Inc (NAS:TIVC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

25821 Industrial Boulevard, Suite 100, Hayward, CA, USA, 94545

Website

https://www.tivichealth.com

Tivic Health Systems Inc is a health technology company focused on developing and commercializing non-invasive bioelectronic medicine. The company's platform-based technology activates the body's own healing mechanisms and can be programmed to treat various disease conditions. company's products provide a natural alternative to the standard synthetic chemical methods used by the pharmaceutical industry. ClearUP Sinus Relief, is a first commercial product of the company which is a patented handled device that uses ultra-low current electrical waves to relieve sinus pain and congestion symptoms that are prevalent in nasal allergies, sinus infections, chronic sinusitis, cold and flu and other disease conditions.

Executives

Sheryle Bolton	director	55 ALMADEN BLVD, SAN JOSE CA 95113
Dean Zikria	director	C/O INTUITY MEDICAL, INC., 3500 WEST WARREN AVENUE, FREMONT CA 94538
Jennifer Ernst	director, officer: Chief Executive Officer	750 MENLO AVENUE, SUITE 200, MENLO PARK CA 94025
Blake Gurfein	officer: Chief Scientific Officer	750 MENLO AVENUE, SUITE 200, MENLO PARK CA 94025
Ryan Sabia	officer: Chief Operating Officer	750 MENLO AVENUE, SUITE 200, MENLO PARK CA 94025
Kimberly Ann Bambach	officer: Interim CFO	25821 INDUSTRIAL BLVD., SUITE 100, HAYWARD CA 94545
Karen Drexler	director	C/O DIADEXUS, INC., 343 OYSTER POINT BOULEVARD, SOUTH SAN FRANCISCO CA 94080
Veronica Cai	officer: Chief Financial Officer	C/O CATALYST BIOSCIENCES, INC., 611 GATEWAY BOULEVARD, SUITE 710, SOUTH SAN FRANCISCO CA 94080
John Claude	10 percent owner	750 MENLO AVENUE, SUITE 200, MENLO PARK CA 94025
Briana Benz	officer: Chief Financial Officer	750 MENLO AVENUE, SUITE 200, MENLO PARK CA 94025