GoodRx Holdings (GoodRx Holdings) Days Payable : 208.04 (As of Dec. 2023)

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What is GoodRx Holdings Days Payable?

GoodRx Holdings's average Accounts Payable for the three months ended in Dec. 2023 was $34.6 Mil. GoodRx Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $15.2 Mil. Hence, GoodRx Holdings's Days Payable for the three months ended in Dec. 2023 was 208.04.

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

GDRX' s Days Payable Range Over the Past 10 Years
Min: 98.71 Med: 129.53 Max: 435.46
Current: 115.68

During the past 6 years, GoodRx Holdings's highest Days Payable was 435.46. The lowest was 98.71. And the median was 129.53.

GDRX's Days Payable is ranked better than
71.77% of 588 companies
in the Healthcare Providers & Services industry
Industry Median: 61.605 vs GDRX: 115.68

GoodRx Holdings's Days Payable increased from Dec. 2022 (75.05) to Dec. 2023 (208.04). It may suggest that GoodRx Holdings delayed paying its suppliers.

GoodRx Holdings Days Payable Historical Data

The historical data trend for GoodRx Holdings'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.

GoodRx Holdings Days Payable Chart

GoodRx Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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195.98

111.90

108.57

98.71

147.16

GoodRx Holdings Quarterly Data
	Dec18	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															75.05	82.23	53.57	96.75	208.04

Competitive Comparison of GoodRx Holdings's Days Payable

For the Health Information Services subindustry, GoodRx Holdings'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.

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

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

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

GoodRx Holdings 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.

GoodRx Holdings'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
=	( (17.7	+	36.266)	/	2 )	/	66.925	*	365
=	26.983					/	66.925	*	365
=	147.16

GoodRx Holdings'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
=	( (32.905	+	36.266)	/	2 )	/	15.17	*	365 / 4
=	34.5855					/	15.17	*	365 / 4
=	208.04

GoodRx Holdings Days Payable Related Terms

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GoodRx Holdings (GoodRx Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » GoodRx Holdings Inc (NAS:GDRX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2701 Olympic Boulevard, Santa Monica, CA, USA, 90404

Website

https://www.goodrx.com

GoodRx Holdings Inc is a consumer-focused digital healthcare platform that aims to lower the cost of healthcare in the United States. It operates a price comparison platform that provides consumers with curated, geographically relevant prescription pricing, and provides access to negotiated prices through codes that can be used to save money on prescriptions across the United States. GoodRx generates revenue from core business from pharmacy benefit managers (PBMs) that manage formularies and prescription transactions including establishing pricing between consumers and pharmacies. It also offers other healthcare products and services, including pharma manufacturer solutions, subscriptions, and telehealth services.

Executives

Scott Wagner	officer: Interim Chief Executive Office	C/O WILSON SONSINI GOODRICH AND ROSATI, 650 PAGE MILL ROAD, PALO ALTO CA 94304
Raj Beri	officer: Chief Operating Officer	C/O GOODRX HOLDINGS, INC., 2701 OLYMPIC BOULEVARD, SANTA MONICA CA 90404
Romin Nabiey	officer: Chief Accounting Officer	C/O GOODRX HOLDINGS, INC., 2701 OLYMPIC BOULEVARD, SANTA MONICA CA 90404
Andrew Slutsky	officer: President & Consumer	233 WILSHIRE ROAD, SANTA MONICA CA 90410
Idea Men, Llc	10 percent owner	2701 OLYMPIC BOULEVARD, WEST BUILDING - SUITE 200, SANTA MONICA CA 90404
Karsten Voermann	officer: Chief Financial Officer	233 WILSHIRE ROAD, SANTA MONICA CA 90410
Trevor Bezdek	director, officer: Co-CEO	233 WILSHIRE ROAD, SANTA MONICA CA 90410
Abdiel Qualified Master Fund Lp	10 percent owner	90 PARK AVENUE, 29TH FLOOR, NEW YORK NY 10016
Douglas Joseph Hirsch	director, officer: Co-CEO	233 WILSHIRE ROAD, SANTA MONICA CA 90410
Babak Azad	officer: See Remarks	233 WILSHIRE ROAD, SANTA MONICA CA 90410
Bansi Nagji	officer: President, Healthcare	MCKESSON CORPORATION, 6555 STATE HIGHWAY 161, IRVING TX 75039
Agnes Rey-giraud	director
Abdiel Capital Lp	10 percent owner	C/O ABDIEL CAPITAL ADVISORS, LP, 90 PARK AVENUE, 29TH FLOOR, NEW YORK NY 10016
Abdiel Capital Advisors, Lp	10 percent owner	90 PARK AVENUE, 29TH FLOOR, NEW YORK NY 10016
Abdiel Capital Management, Llc	10 percent owner	90 PARK AVENUE, 29TH FLOOR, NEW YORK NY 10016