Tenon Medical (Tenon Medical) Days Payable : 128.08 (As of Mar. 2024)

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What is Tenon Medical Days Payable?

Tenon Medical's average Accounts Payable for the three months ended in Mar. 2024 was $0.35 Mil. Tenon Medical's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.25 Mil. Hence, Tenon Medical's Days Payable for the three months ended in Mar. 2024 was 128.08.

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

TNON' s Days Payable Range Over the Past 10 Years
Min: 106.34 Med: 1840.68 Max: 11943.61
Current: 165.55

During the past 4 years, Tenon Medical's highest Days Payable was 11943.61. The lowest was 106.34. And the median was 1840.68.

TNON's Days Payable is ranked better than
79.49% of 790 companies
in the Medical Devices & Instruments industry
Industry Median: 72.585 vs TNON: 165.55

Tenon Medical's Days Payable declined from Mar. 2023 (140.49) to Mar. 2024 (128.08). It may suggest that Tenon Medical accelerated paying its suppliers.

Tenon Medical Days Payable Historical Data

The historical data trend for Tenon Medical'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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Tenon Medical Days Payable Chart

Tenon Medical Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

11,943.61

3,540.50

140.85

106.34

Tenon Medical Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial									140.49	152.91	186.85	219.15	128.08

Competitive Comparison of Tenon Medical's Days Payable

For the Medical Devices subindustry, Tenon Medical'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.

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

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

* The bar in red indicates where Tenon Medical's Days Payable falls into.

Tenon Medical 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.

Tenon Medical'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
=	( (0.55	+	0.433)	/	2 )	/	1.687	*	365
=	0.4915					/	1.687	*	365
=	106.34

Tenon Medical'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
=	( (0.433	+	0.266)	/	2 )	/	0.249	*	365 / 4
=	0.3495					/	0.249	*	365 / 4
=	128.08

Tenon Medical Days Payable Related Terms

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Tenon Medical (Tenon Medical) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Tenon Medical Inc (NAS:TNON) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

104 Cooper Court, Los Gatos, CA, USA, 95032

Website

https://www.tenonmed.com

Tenon Medical Inc is a medical device company that has developed a novel, minimally invasive approach to the sacroiliac joint (the SI Joint) using a single, robust, titanium implant for the treatment of the common types of SI Joint disorders that cause lower back pain. The company derives the majority of its revenue from sales of The Catamaran System to a limited number of clinicians.

Executives

Van Dick Steven M	officer: Chief Financial Officer	HANSEN MEDICAL, INC., 380 N BERNARDO AVENUE, MOUNTAIN VIEW CA 94043
Richard Ginn	director, officer: Chief Technology Officer	104 COOPER COURT, LOS GATOS CA 95032
Steven M Foster	director, officer: CEO and President	104 COOPER COURT, LOS GATOS CA 95032
Stephen Hochschuler	director	C/O TENON MEDICAL, INC., 104 COOPER COURT, LOS GATOS CA 95032
Frank M Fischer	director	9701 JERONIMO, IRVINE CA 92618
Richard M Ferrari	director	2118 WALSH AVENUE, SUITE 210, SANTA CLARA CA 95050
Ivan Howard	director	104 COOPER COURT, LOS GATOS CA 95032
Robert K Weigle	director	104 COOPER COURT, LOS GATOS CA 95032
Ventures Ag Zuhlke	10 percent owner	ZURCHERSTRASSE 39J, SCHLIEREN V8 8952