Chemed (FRA:CXM) Days Payable : 12.37 (As of Mar. 2024)

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What is Chemed Days Payable?

Chemed's average Accounts Payable for the three months ended in Mar. 2024 was €48 Mil. Chemed's Cost of Goods Sold for the three months ended in Mar. 2024 was €354 Mil. Hence, Chemed's Days Payable for the three months ended in Mar. 2024 was 12.37.

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

FRA:CXM' s Days Payable Range Over the Past 10 Years
Min: 11.23 Med: 14.32 Max: 16.96
Current: 11.96

During the past 13 years, Chemed's highest Days Payable was 16.96. The lowest was 11.23. And the median was 14.32.

FRA:CXM's Days Payable is ranked worse than
90.32% of 589 companies
in the Healthcare Providers & Services industry
Industry Median: 61.84 vs FRA:CXM: 11.96

Chemed's Days Payable increased from Mar. 2023 (10.17) to Mar. 2024 (12.37). It may suggest that Chemed delayed paying its suppliers.

Chemed Days Payable Historical Data

The historical data trend for Chemed'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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Chemed Days Payable Chart

Chemed Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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13.83

14.59

16.44

14.70

11.39

Chemed Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															10.17	9.98	12.21	13.51	12.37

Competitive Comparison of Chemed's Days Payable

For the Medical Care Facilities subindustry, Chemed'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.

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

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

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

Chemed 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.

Chemed'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
=	( (39.538	+	44.322)	/	2 )	/	1343.957	*	365
=	41.93					/	1343.957	*	365
=	11.39

Chemed's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (44.322	+	51.707)	/	2 )	/	354.316	*	365 / 4
=	48.0145					/	354.316	*	365 / 4
=	12.37

Chemed Days Payable Related Terms

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Chemed (FRA:CXM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Chemed Corp (FRA:CXM) » Definitions » Days Payable

Comparable Companies

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CHE:USA

Address

255 East Fifth Street, Suite 2600, Cincinnati, OH, USA, 45202-4726

Website

https://www.chemed.com

Chemed Corp operates subsidiaries in two main segments: VITAS and Roto-Rooter. The VITAS segment generates the majority of the firm's revenue. It provides hospice and palliative-care services to patients with terminal illnesses through a network of physicians, registered nurses, home health aides, social workers, and volunteers. The vast majority of the segment's revenue is received from the Medicare and Medicaid reimbursement programs. The Roto-Rooter segment provides plumbing, drain cleaning, water restoration, and related services to residential and commercial customers. Chemed generates the majority of its revenue from business in the United States.