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Tenet Healthcare Corp (NYSE:THC)
Days Payable
38.63 (As of Dec. 2015)

Tenet Healthcare Corp's payable for the three months ended in Dec. 2015 was $1,380 Mil. Tenet Healthcare Corp's cost of goods sold for the three months ended in Dec. 2015 was $3,260 Mil. Hence, Tenet Healthcare Corp's days payable for the three months ended in Dec. 2015 was 38.63.

THC' s Days Payable Range Over the Past 10 Years
Min: 40.4   Max: 56.74
Current: 42.07

40.4
56.74

During the past 13 years, Tenet Healthcare Corp's highest Days Payable was 56.74. The lowest was 40.40. And the median was 48.85.

THC's Days Payable is ranked higher than
50% of the 155 Companies
in the Global Medical Care industry.

( Industry Median: 42.56 vs. THC: 42.07 )

Tenet Healthcare Corp's days payable increased from Dec. 2014 (38.34) to Dec. 2015 (38.63). It may suggest that Tenet Healthcare Corp 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.

Tenet Healthcare Corp's Days Payable for the fiscal year that ended in Dec. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1380/11974*365
=42.07

Tenet Healthcare Corp's Days Payable for the quarter that ended in Dec. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1380/3260*365 / 4
=38.63

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Tenet Healthcare Corp Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 53.3056.7446.8549.7147.9849.8745.3755.3540.4042.07

Tenet Healthcare Corp Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
DaysPayable 36.1739.6336.4835.5536.1938.3435.6336.2536.5638.63
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