CareMax (CareMax) Days Payable : 3.43 (As of Dec. 2023)

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What is CareMax Days Payable?

CareMax's average Accounts Payable for the three months ended in Dec. 2023 was $7.8 Mil. CareMax's Cost of Goods Sold for the three months ended in Dec. 2023 was $207.7 Mil. Hence, CareMax's Days Payable for the three months ended in Dec. 2023 was 3.43.

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

CMAX' s Days Payable Range Over the Past 10 Years
Min: 2.87 Med: 3.52 Max: 4.57
Current: 3.97

During the past 4 years, CareMax's highest Days Payable was 4.57. The lowest was 2.87. And the median was 3.52.

CMAX's Days Payable is ranked worse than
96.6% of 588 companies
in the Healthcare Providers & Services industry
Industry Median: 61.605 vs CMAX: 3.97

CareMax's Days Payable declined from Dec. 2022 (6.74) to Dec. 2023 (3.43). It may suggest that CareMax accelerated paying its suppliers.

CareMax Days Payable Historical Data

The historical data trend for CareMax'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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CareMax Days Payable Chart

CareMax Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

4.57

2.87

3.58

3.46

CareMax Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial										6.74	4.83	3.89	4.49	3.43

Competitive Comparison of CareMax's Days Payable

For the Health Information Services subindustry, CareMax'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.

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

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

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

CareMax 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.

CareMax'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
=	( (7.687	+	6.275)	/	2 )	/	737.201	*	365
=	6.981					/	737.201	*	365
=	3.46

CareMax'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
=	( (9.345	+	6.275)	/	2 )	/	207.749	*	365 / 4
=	7.81					/	207.749	*	365 / 4
=	3.43

CareMax Days Payable Related Terms

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

CareMax (CareMax) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » CareMax Inc (NAS:CMAX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1000 NW 57th Court, Suite 400, Miami, FL, USA, 33126

Website

https://www.caremax.com

CareMax Inc is a technology-enabled care platform providing value-based care and chronic disease management to seniors. It operates various owned medical centers that offer a comprehensive suite of healthcare and social services and a proprietary software and services platform that provides data, analytics, and rules-based decision tools/workflows for physicians across the United States.

Executives

Bryan Cho	director	30 HUDSON YARDS, 72ND FLOOR, NEW YORK NY 10001
De La Torre Ralph	director, 10 percent owner	4939 BROOKVIEW DRIVE, DALLAS TX 75220
Ryan Oquinn	director	1000 NW 57 COURT, SUITE 400, MIAMI FL 33126
Kevin Berg	director	345 PARK AVENUE SOUTH, 12TH FLOOR, NEW YORK NY 10010
Beatriz Maria Assapimonwait	director	1000 NW 57 CT., SUITE 400, MIAMI FL 33126
Vincent Omachonu	director	1000 NW 57 CT., SUITE 400, MIAMI FL 33126
Jose Ramon Rodriguez	director	PRIMORIS SERVICES CORPORATION, 2300 NORTH FIELD STREET, SUITE 1900, DALLAS TX 75201
Related Cm Advisor, Llc	director	30 HUDSON YARDS, 72ND FLOOR, NEW YORK NY 10001
Imc Holdings, Lp	10 percent owner	525 OKEECHOBEE BOULEVARD, SUITE 1050, WEST PALM BEACH FL 33401
William C. Lamoreaux	officer: EVP	1000 NW 57 CT., SUITE 400, MIAMI FL 33126
Kevin Wirges	officer: EVP, Treasurer and CFO	1000 NW 57 CT., SUITE 400, MIAMI FL 33126
De Solo Carlos A.	director, officer: President and CEO	1000 NW 57 CT., SUITE 400, MIAMI FL 33126
Randy Simpson	director	C/O GLENVIEW CAPITAL MANAGEMENT, LLC, 767 FIFTH AVENUE, 44TH FLOOR, NEW YORK NY 10153
Solo Alberto De	officer: EVP and COO	1000 NW 57 CT., SUITE 400, MIAMI FL 33126
Jennifer L. Carter	director	C/O DFP SPONSOR LLC, 780 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10017