HMS Holdings (HMS Holdings) Days Payable : 12.70 (As of Dec. 2020)

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What is HMS Holdings Days Payable?

HMS Holdings's average Accounts Payable for the three months ended in Dec. 2020 was $16.4 Mil. HMS Holdings's Cost of Goods Sold for the three months ended in Dec. 2020 was $118.1 Mil. Hence, HMS Holdings's Days Payable for the three months ended in Dec. 2020 was 12.70.

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

HMSY's Days Payable is not ranked ^*
in the Healthcare Providers & Services industry.
Industry Median: 61.58
* Ranked among companies with meaningful Days Payable only.

HMS Holdings's Days Payable increased from Dec. 2019 (11.54) to Dec. 2020 (12.70). It may suggest that HMS Holdings delayed paying its suppliers.

HMS Holdings Days Payable Historical Data

The historical data trend for HMS Holdings'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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HMS Holdings Days Payable Chart

HMS Holdings Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Days Payable

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11.52

16.58

14.42

11.00

10.75

HMS Holdings Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Days Payable	Get a 7-Day Free Trial															11.54	10.41	12.49	13.84	12.70

Competitive Comparison of HMS Holdings's Days Payable

For the Health Information Services subindustry, HMS Holdings'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.

HMS Holdings's Days Payable Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, HMS Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where HMS Holdings's Days Payable falls into.

HMS Holdings 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.

HMS Holdings's Days Payable for the fiscal year that ended in Dec. 2020 is calculated as

	Days Payable (A: Dec. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2019 )	+	Accounts Payable (A: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2020 )	*	Days in Period
=	( (12.246	+	14.688)	/	2 )	/	457.306	*	365
=	13.467					/	457.306	*	365
=	10.75

HMS Holdings's Days Payable for the quarter that ended in Dec. 2020 is calculated as:

	Days Payable (Q: Dec. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2020 )	+	Accounts Payable (Q: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2020 )	*	Days in Period
=	( (18.19	+	14.688)	/	2 )	/	118.134	*	365 / 4
=	16.439					/	118.134	*	365 / 4
=	12.70

HMS Holdings Days Payable Related Terms

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HMS Holdings (HMS Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » HMS Holdings Corp (NAS:HMSY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

5615 High Point Drive, Irving, TX, USA, 75038

Website

https://www.hms.com

HMS Holdings Corp is a United States-based holding company that conducts businesses through its operating subsidiaries. The company offers services that help customers contain healthcare insurance benefit costs. Its primary offerings comprise coordination of benefits, payment integrity, and eligibility verification. The coordination of benefits service ensures the right party pays a health claim. The payment integrity service ensures the billing and/or payment is accurate and appropriate. The eligibility verification service ensures individuals meet qualifying criteria for healthcare programs. The company's customers include Medicaid agencies, government health agencies, health plans, government and private employers, and others. The company operates only within the United States.

Executives

Richard H Stowe	director	CAPITAL COUNSEL LLC 360 PARK AVENUE 11TH FLOOR NEW YORK NY 10022
Craig R Callen	director	7902 WESTPARK DR, C/O SUNRISE ASSISTED LIVING, MCLEAN VA 22102
Tellez Cora M	director	TISCH FAMILY INTERESTS, 667 MADISON AVE 7TH FL, NEW YORK NY 10021-8087
Bart M Schwartz	director	401 PARK AVENUE SOUTH NEW YORK NY 10016
William C Lucia	director, officer: Chairman, President and CEO	HEALTH MANAGEMENT SYSTEMS 401 PARK AVENUE S NEW YORK NY 10021
Katherine Baicker	director	LILLY CORPORATE CENTER, INDIANAPOLIS IN 46285
Robert Becker	director	C/O HMS HOLDINGS CORP. 5615 HIGH POINT DR. IRVING TX 75038
Miller William F Iii	director	3618 HARVARD, DALLAS TX 75205
Ellen A Rudnick	director	5807 SOUTH WOODLAWN AVENUE, MP POLSKY CENTER FOR ENTREPRENEURSHIP, CHICAGO IL 60637
Jeffrey A Rideout	director	2142 DEER OAK WAY, DANVILLE CA 94506
Greg D Aunan	officer: SVP, Chief Accounting Officer	HMS HOLDINGS CORP., 5615 HIGH POINT DRIVE, IRVING TX 75038
Jacob Sims	officer: SVP, Chief Technology Officer	C/O HMS HOLDINGS CORP. 5615 HIGH POINT DR. IRVING TX 75038
David A Alexander	officer: Chief HR & Compliance Officer	C/O HMS HOLDINGS CORP. 5615 HIGH POINT DRIVE IRVING TX 75038
Jeffrey Scott Sherman	officer: EVP, CFO, and Treasurer	103 POWELL COURT, SUITE 200, BRENTWOOD TN 37027
Teresa South	officer: Chief Administrative Officer	401 PARK AVENUE SOUTH NEW YORK NY 10016