Alteco Medical AB (XSAT:ALTE) Days Payable : 175.53 (As of Sep. 2023)

View and export this data going back to 2014. Start your Free Trial

What is Alteco Medical AB Days Payable?

Alteco Medical AB's average Accounts Payable for the three months ended in Sep. 2023 was kr1.29 Mil. Alteco Medical AB's Cost of Goods Sold for the three months ended in Sep. 2023 was kr0.67 Mil. Hence, Alteco Medical AB's Days Payable for the three months ended in Sep. 2023 was 175.53.

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

XSAT:ALTE' s Days Payable Range Over the Past 10 Years
Min: 42.49 Med: 86.21 Max: 185.27
Current: 158.02

During the past 10 years, Alteco Medical AB's highest Days Payable was 185.27. The lowest was 42.49. And the median was 86.21.

XSAT:ALTE's Days Payable is ranked better than
51.38% of 724 companies
in the Biotechnology industry
Industry Median: 150.695 vs XSAT:ALTE: 158.02

Alteco Medical AB's Days Payable declined from Sep. 2022 (350.70) to Sep. 2023 (175.53). It may suggest that Alteco Medical AB accelerated paying its suppliers.

Alteco Medical AB Days Payable Historical Data

The historical data trend for Alteco Medical AB'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.

* Premium members only.

Alteco Medical AB Days Payable Chart

Alteco Medical AB Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

Get a 7-Day Free Trial

185.27

87.83

48.58

88.43

121.35

Alteco Medical AB Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															350.70	239.23	125.34	135.92	175.53

Competitive Comparison of Alteco Medical AB's Days Payable

For the Biotechnology subindustry, Alteco Medical AB'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.

Alteco Medical AB's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Alteco Medical AB's Days Payable distribution charts can be found below:

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

Alteco Medical AB 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.

Alteco Medical AB's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.767	+	1.039)	/	2 )	/	2.716	*	365
=	0.903					/	2.716	*	365
=	121.35

Alteco Medical AB's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (1.076	+	1.494)	/	2 )	/	0.668	*	365 / 4
=	1.285					/	0.668	*	365 / 4
=	175.53

Alteco Medical AB Days Payable Related Terms

Thank you for viewing the detailed overview of Alteco Medical AB's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Alteco Medical AB (XSAT:ALTE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Alteco Medical AB (XSAT:ALTE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hostbruksvagen 8, Lund, SWE, SE-226 60

Website

http://www.altecomedical.com

Alteco Medical AB is a biotech company operating in Sweden. The company is engaged in the development of medical devices for the intensive care of the sepsis patient.

Alteco Medical AB (XSAT:ALTE) Headlines

No Headlines