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GuruFocus has detected 5 Warning Signs with Tenet Healthcare Corp $THC.
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Tenet Healthcare Corp (NYSE:THC)
Days Payable
39.16 (As of Dec. 2016)

Tenet Healthcare Corp's payable for the three months ended in Dec. 2016 was $1,329 Mil. Tenet Healthcare Corp's cost of goods sold for the three months ended in Dec. 2016 was $3,097 Mil. Hence, Tenet Healthcare Corp's days payable for the three months ended in Dec. 2016 was 39.16.

THC' s Days Payable Range Over the Past 10 Years
Min: 38.87   Max: 56.74
Current: 38.87

38.87
56.74

During the past 13 years, Tenet Healthcare Corp's highest Days Payable was 56.74. The lowest was 38.87. And the median was 47.66.

THC's Days Payable is ranked lower than
52% of the 162 Companies
in the Global Medical Care industry.

( Industry Median: 40.41 vs. THC: 38.87 )

Tenet Healthcare Corp's days payable increased from Dec. 2015 (38.63) to Dec. 2016 (39.16). 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. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1329/12480*365
=38.87

Tenet Healthcare Corp's Days Payable for the quarter that ended in Dec. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1329/3097*365 / 4
=39.16

* 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.

Tenet Healthcare Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 56.7447.3349.7147.9849.8745.3755.3540.4042.0738.87

Tenet Healthcare Corp Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysPayable 36.1938.3435.6336.2536.5638.6334.8837.5836.3739.16
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