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GuruFocus has detected 1 Warning Sign with Streamline Health Solutions Inc $STRM.
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Streamline Health Solutions Inc (NAS:STRM)
Days Payable
30.83 (As of Oct. 2016)

Streamline Health Solutions Inc's payable for the three months ended in Oct. 2016 was $1.09 Mil. Streamline Health Solutions Inc's cost of goods sold for the three months ended in Oct. 2016 was $3.22 Mil. Hence, Streamline Health Solutions Inc's days payable for the three months ended in Oct. 2016 was 30.83.

STRM' s Days Payable Range Over the Past 10 Years
Min: 18.26   Max: 68.57
Current: 35.73

18.26
68.57

During the past 13 years, Streamline Health Solutions Inc's highest Days Payable was 68.57. The lowest was 18.26. And the median was 36.26.

STRM's Days Payable is ranked lower than
57% of the 1326 Companies
in the Global Health Information Services industry.

( Industry Median: 42.55 vs. STRM: 35.73 )

Streamline Health Solutions Inc's days payable increased from Oct. 2015 (23.54) to Oct. 2016 (30.83). It may suggest that Streamline Health Solutions Inc delayed paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Streamline Health Solutions Inc's Days Payable for the fiscal year that ended in Jan. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1.137/11.401*365
=36.40

Streamline Health Solutions Inc's Days Payable for the quarter that ended in Oct. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1.089/3.223*365 / 4
=30.83

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Streamline Health Solutions Inc Annual Data

Jan07Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15Jan16
DaysPayable 31.5268.5731.2933.5318.2636.1147.1049.7564.5336.40

Streamline Health Solutions Inc Quarterly Data

Jul14Oct14Jan15Apr15Jul15Oct15Jan16Apr16Jul16Oct16
DaysPayable 85.1865.1761.9751.3688.7423.5438.6619.0526.8530.83
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