CareNet (CareNet) Days Payable : 12.00 (As of Dec. 2023)

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What is CareNet Days Payable?

CareNet's average Accounts Payable for the three months ended in Dec. 2023 was $0.94 Mil. CareNet's Cost of Goods Sold for the three months ended in Dec. 2023 was $7.17 Mil. Hence, CareNet's Days Payable for the three months ended in Dec. 2023 was 12.00.

The historical rank and industry rank for CareNet's Days Payable or its related term are showing as below:

CENEF' s Days Payable Range Over the Past 10 Years
Min: 13.62 Med: 17.64 Max: 50.82
Current: 13.15

During the past 13 years, CareNet's highest Days Payable was 50.82. The lowest was 13.62. And the median was 17.64.

CENEF's Days Payable is ranked worse than
88.66% of 591 companies
in the Healthcare Providers & Services industry
Industry Median: 61.58 vs CENEF: 13.15

CareNet's Days Payable declined from Dec. 2022 (13.25) to Dec. 2023 (12.00). It may suggest that CareNet accelerated paying its suppliers.

CareNet Days Payable Historical Data

The historical data trend for CareNet's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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CareNet Days Payable Chart

CareNet Annual Data

Trend

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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16.07

13.35

15.50

19.46

16.93

CareNet Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															13.25	14.98	12.31	10.32	12.00

Competitive Comparison of CareNet's Days Payable

For the Health Information Services subindustry, CareNet's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

CareNet's Days Payable Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, CareNet's Days Payable distribution charts can be found below:

* The bar in red indicates where CareNet's Days Payable falls into.

CareNet Days Payable Calculation

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

CareNet's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1.168	+	1.246)	/	2 )	/	26.022	*	365
=	1.207					/	26.022	*	365
=	16.93

CareNet's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.641	+	1.246)	/	2 )	/	7.173	*	365 / 4
=	0.9435					/	7.173	*	365 / 4
=	12.00

CareNet Days Payable Related Terms

Thank you for viewing the detailed overview of CareNet's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

CareNet (CareNet) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » CareNet Inc (OTCPK:CENEF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

2150:Japan

Address

1-5-6 Kudan-Minami, Tokyo, JPN, 102-0074

Website

http://www.carenet.co.jp

CareNet Inc is a marketing company providing various solutions to pharma companies through the management of media specialized in medical/pharmaceutical education for HCPs.

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