AdaptHealth (AdaptHealth) Days Payable : 27.22 (As of Dec. 2023)

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What is AdaptHealth Days Payable?

AdaptHealth's average Accounts Payable for the three months ended in Dec. 2023 was $208 Mil. AdaptHealth's Cost of Goods Sold for the three months ended in Dec. 2023 was $698 Mil. Hence, AdaptHealth's Days Payable for the three months ended in Dec. 2023 was 27.22.

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

AHCO' s Days Payable Range Over the Past 10 Years
Min: 29.11 Med: 33.63 Max: 54.89
Current: 31.33

During the past 7 years, AdaptHealth's highest Days Payable was 54.89. The lowest was 29.11. And the median was 33.63.

AHCO's Days Payable is ranked worse than
84.99% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 72.685 vs AHCO: 31.33

AdaptHealth's Days Payable declined from Dec. 2022 (30.06) to Dec. 2023 (27.22). It may suggest that AdaptHealth accelerated paying its suppliers.

AdaptHealth Days Payable Historical Data

The historical data trend for AdaptHealth'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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AdaptHealth Days Payable Chart

AdaptHealth Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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32.83

54.89

39.89

33.63

29.11

AdaptHealth 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															30.06	36.52	35.81	28.40	27.22

Competitive Comparison of AdaptHealth's Days Payable

For the Medical Devices subindustry, AdaptHealth'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.

AdaptHealth's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, AdaptHealth's Days Payable distribution charts can be found below:

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

AdaptHealth 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.

AdaptHealth'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
=	( (222.505	+	211.504)	/	2 )	/	2720.613	*	365
=	217.0045					/	2720.613	*	365
=	29.11

AdaptHealth'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
=	( (205.098	+	211.504)	/	2 )	/	698.332	*	365 / 4
=	208.301					/	698.332	*	365 / 4
=	27.22

AdaptHealth Days Payable Related Terms

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

AdaptHealth (AdaptHealth) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » AdaptHealth Corp (NAS:AHCO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

220 West Germantown Pike, Suite 250, Plymouth Meeting, PA, USA, 19462

Website

https://www.adapthealth.com

AdaptHealth Corp is engaged in providing patient-centered, healthcare-at-home solutions including home medical equipment (HME), medical supplies, and related services. It focuses on providing; sleep therapy equipment, supplies, and related services (including CPAP and bi-PAP services) to individuals suffering from obstructive sleep apnea (OSA), medical devices and supplies to patients for the treatment of diabetes (including continuous glucose monitors (CGM and insulin pumps), home medical equipment to patients discharged from acute care and other facilities, oxygen and related chronic therapy services in the home, and other HME devices and supplies on behalf of chronically ill patients with wound care, urological, incontinence, ostomy and nutritional supply needs.

Executives

Williams David Solomon Iii	director	6272 CONDON AVE, LOS ANGELES CA 90056
Skyknight Aero Holdings, Llc	director	C/O SKYKNIGHT CAPITAL, L.P., ONE LETTERMAN DR., BLDG. C, SUITE 3-950, SAN FRANCISCO CA 94129
Albert A. Prast	officer: Chief Technology Officer	3325 BARTLETT BLVD., ORLANDO FL 32811
Jason A Clemens	officer: Chief Financial Officer	220 WEST GERMANTOWN PIKE, SUITE 250, C/O ADAPTHEALTH LLC, PLYMOUTH MEETING PA 19462
Christine E. Archbold	officer: Chief Accounting Officer	FRIARS HOUSE, 160 BLACKFRIARS ROAD, LONDON X0 SEL 8EZ
Everest Hill Group Inc.	10 percent owner	TROPIC ISLE BUILDING, P O BOX 3331, ROAD TOWN TORTOLA D8 VG 1110
Daniel Bunting	officer: COO - Branch Operations	12200 N.W. AMBASSADOR DRIVE, SUITE 326, KANSAS CITY MO 64163
Shaw Rietkerk	officer: Chief Revenue Officer	C/O ADAPTHEALTH LLC, 220 WEST GERMANTOWN PIKE, SUITE 250, PLYMOUTH MEETING PA 19462
Christopher J Joyce	officer: General Counsel	C/O ALLIANCE ENTERTAINMENT CORP, 110 EAST 59TH STREET 18TH FLOOR, NEW YORK NY 10022
Skyknight Aero Holdings Ii, Llc	director	C/O SKYKNIGHT CAPITAL, L.P., ONE LETTERMAN DR., BLDG. C, SUITE 3-950, SAN FRANCISCO CA 94129
Skyknight Capital, L.p.	director	C/O SKYKNIGHT CAPITAL, ONE LETTERMAN DR., BLDG. C, SUITE 3-950, SAN FRANCISCO CA 94129
Skyknight Capital Fund Ii, L.p.	director	ONE LETTERMAN DRIVE, BUILDING C, SUITE 3-950, SAN FRANCISCO CA 94129
Stephen P Griggs	director, officer: Co-Chief Executive Officer	1360 PLACE VENDOME, WINTER PARK FL 32789
Gregory Belinfanti	director	7500 RIALTO BLVD, BLDG TWO, STE 100, AUSTIN TX 78735
Frank Mullen	officer: Chief Accounting Officer	4553 GLENCOE AVENUE, SUITE 300, LOS ANGELES CA 90292