Switch to:
Tenet Healthcare Corp (NYSE:THC)
Days Payable
34.88 (As of Mar. 2016)

Tenet Healthcare Corp's payable for the three months ended in Mar. 2016 was $1,228 Mil. Tenet Healthcare Corp's cost of goods sold for the three months ended in Mar. 2016 was $3,213 Mil. Hence, Tenet Healthcare Corp's days payable for the three months ended in Mar. 2016 was 34.88.

THC' s Days Payable Range Over the Past 10 Years
Min: 40.4   Max: 55.35
Current: 36.22

40.4
55.35

During the past 13 years, Tenet Healthcare Corp's highest Days Payable was 55.35. The lowest was 40.40. And the median was 48.48.

THC's Days Payable is ranked lower than
53% of the 154 Companies
in the Global Medical Care industry.

( Industry Median: 39.67 vs. THC: 36.22 )

Tenet Healthcare Corp's days payable declined from Mar. 2015 (35.63) to Mar. 2016 (34.88). It may suggest that Tenet Healthcare Corp accelerated 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 Mar. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1228/3213*365 / 4
=34.88

* 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 51.7151.4246.8549.7147.9848.9845.3755.3540.4042.07

Tenet Healthcare Corp Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
DaysPayable 39.6336.4835.5536.1938.3435.6336.2536.5638.6334.88
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK