The Joint (The Joint) Days Payable : 48.82 (As of Mar. 2024)

View and export this data going back to 2014. Start your Free Trial

What is The Joint Days Payable?

The Joint's average Accounts Payable for the three months ended in Mar. 2024 was $1.5 Mil. The Joint's Cost of Goods Sold for the three months ended in Mar. 2024 was $2.7 Mil. Hence, The Joint's Days Payable for the three months ended in Mar. 2024 was 48.82.

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

JYNT' s Days Payable Range Over the Past 10 Years
Min: 55.47 Med: 95.65 Max: 205.61
Current: 55.47

During the past 12 years, The Joint's highest Days Payable was 205.61. The lowest was 55.47. And the median was 95.65.

JYNT's Days Payable is ranked worse than
54.15% of 591 companies
in the Healthcare Providers & Services industry
Industry Median: 61.58 vs JYNT: 55.47

The Joint's Days Payable declined from Mar. 2023 (88.56) to Mar. 2024 (48.82). It may suggest that The Joint accelerated paying its suppliers.

The Joint Days Payable Historical Data

The historical data trend for The Joint'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.

* Premium members only.

The Joint Days Payable Chart

The Joint Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

91.12

86.61

77.81

92.99

79.47

The Joint 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															88.56	60.01	60.50	55.63	48.82

Competitive Comparison of The Joint's Days Payable

For the Medical Care Facilities subindustry, The Joint'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.

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

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

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

The Joint 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.

The Joint'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
=	( (2.967	+	1.625)	/	2 )	/	10.546	*	365
=	2.296					/	10.546	*	365
=	79.47

The Joint'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
=	( (1.625	+	1.281)	/	2 )	/	2.716	*	365 / 4
=	1.453					/	2.716	*	365 / 4
=	48.82

The Joint Days Payable Related Terms

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

The Joint (The Joint) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » The Joint Corp (NAS:JYNT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

16767 North Perimeter Drive, Suite 110, Scottsdale, AZ, USA, 85260

Website

https://www.thejoint.com

The Joint Corp develops, owns, operates, supports, and manages chiropractic clinics through direct ownership, management arrangements, franchising, and the sale of regional developer rights throughout the United States. The doctors of chiropractic develop personalized treatment plans to relieve patients' pain and deliver ongoing preventative care. The Company has two operating business segments; the Corporate Clinics segment is comprised of the operating activities of the company-owned or managed clinics, and The Franchise Operations segment is comprised of the operating activities of the franchise business unit. The company generates maximum revenue from the Corporate clinic's segment.

Executives

Bandera Partners Llc	10 percent owner	50 BROAD STREET, SUITE 1820, NEW YORK NY 10004
Peter D Holt	officer: Chief Operating Officer	16767 N. PERIMETER DR., SUITE 240, SCOTTSDALE AZ 85260
Jake Singleton	officer: Chief Financial Officer	16767 NORTH PERIMETER DRIVE, SUITE 240, SCOTTSDALE AZ 85260
Ronald V Davella	director	2600 E SOUTHLAKE BLVD., STE 120-359, SOUTHLAKE TX 76092
Glenn J Krevlin	10 percent owner	600 FIFTH AVE, 11TH FL, NEW YORK NY 10020
Matthew E Rubel	director	3231 SE SIXTH AVENUE, TOPEKA KS 66607
Gregory Bylinsky	10 percent owner	C/O BANDERA PARTNERS LLC, 50 BROAD STREET, SUITE 1820, NEW YORK NY 10004
Jefferson Gramm	10 percent owner	C/O BANDERA PARTNERS LLC, 50 BROAD STREET, SUITE 1820, NEW YORK NY 10004
Amos James H. Jr	director	16767 N. PERIMETER DR., STE. 240, SCOTTSDALE AZ 85260
John P Meloun	officer: Chief Financial Officer	16767 N. PERIMETER DR., STE. 240, SCOTTSDALE AZ 85260
Abe Hong	director	16767 NORTH PERIMETER DRIVE, SUITE 240, SCOTTSDALE AZ 85260
Glenhill Advisors Llc	10 percent owner	600 FIFTH AVE, 11TH FL, NEW YORK NY 10020
Suzanne M Decker	director	16767 NORTH PERIMETER DRIVE, SUITE 240, SCOTTSDALE AZ 85260
Bret Sanders	director	16767 N. PERIMETER DR., STE. 240, SCOTTSDALE AZ 85260
David M Orwasher	officer: President and COO	242 W 36TH ST, NEW YORK NY 10018