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Tenet Healthcare Corp (NYSE:THC)
Days Payable
36.37 (As of Sep. 2016)

Tenet Healthcare Corp's payable for the three months ended in Sep. 2016 was $1,228 Mil. Tenet Healthcare Corp's cost of goods sold for the three months ended in Sep. 2016 was $3,081 Mil. Hence, Tenet Healthcare Corp's days payable for the three months ended in Sep. 2016 was 36.37.

THC' s Days Payable Range Over the Past 10 Years
Min: 35.45   Max: 56.74
Current: 35.45

35.45
56.74

During the past 13 years, Tenet Healthcare Corp's highest Days Payable was 56.74. The lowest was 35.45. And the median was 48.85.

THC's Days Payable is ranked lower than
53% of the 164 Companies
in the Global Medical Care industry.

( Industry Median: 38.65 vs. THC: 35.45 )

Tenet Healthcare Corp's days payable declined from Sep. 2015 (36.56) to Sep. 2016 (36.37). 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. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1179/10653*365
=40.40

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=1228/3081*365 / 4
=36.37

* 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

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 53.3056.7447.3349.7147.9849.8745.3755.3540.4042.07

Tenet Healthcare Corp Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
DaysPayable 35.5536.1938.3435.6336.2536.5638.6334.8837.5836.37
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