Pennant Group (Pennant Group) Days Payable : 8.25 (As of Dec. 2023)

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Pennant Group Days Payable Definition

Pennant Group's average Accounts Payable for the three months ended in Dec. 2023 was $11.5 Mil. Pennant Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $127.3 Mil. Hence, Pennant Group's Days Payable for the three months ended in Dec. 2023 was 8.25.

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

PNTG' s Days Payable Range Over the Past 10 Years
Min: 5.14 Med: 9.35 Max: 10.65
Current: 9.3

During the past 8 years, Pennant Group's highest Days Payable was 10.65. The lowest was 5.14. And the median was 9.35.

PNTG's Days Payable is ranked worse than
92.19% of 589 companies
in the Healthcare Providers & Services industry
Industry Median: 61.52 vs PNTG: 9.30

Pennant Group's Days Payable declined from Dec. 2022 (11.10) to Dec. 2023 (8.25). It may suggest that Pennant Group accelerated paying its suppliers.

Pennant Group Days Payable Historical Data

The historical data trend for Pennant Group'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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Pennant Group Days Payable Chart

Pennant Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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8.10

10.00

9.48

10.65

9.35

Pennant Group 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															11.10	10.49	9.52	9.03	8.25

Competitive Comparison of Pennant Group's Days Payable

For the Medical Care Facilities subindustry, Pennant Group'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.

Pennant Group Days Payable Distribution

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

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

Pennant Group 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.

Pennant Group'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
=	( (13.647	+	10.841)	/	2 )	/	477.855	*	365
=	12.244					/	477.855	*	365
=	9.35

Pennant Group'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
=	( (12.182	+	10.841)	/	2 )	/	127.254	*	365 / 4
=	11.5115					/	127.254	*	365 / 4
=	8.25

Pennant Group Days Payable Related Terms

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Pennant Group (Pennant Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Pennant Group Inc (NAS:PNTG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

1ZU:Germany

Address

1675 East Riverside Drive, Suite 150, Eagle, ID, USA, 83616

Website

https://www.pennantgroup.com

Pennant Group Inc is engaged in providing healthcare services to patients of all ages, including the growing senior population, in the United States. It operates in multiple lines of business including home health and hospice services which includes our home health, hospice, and home care businesses and Senior living which includes the company's assisted living, independent living, and memory care communities across Arizona, California, Colorado, Idaho, Iowa, Nevada, Oklahoma, Oregon, Texas, Utah, Washington, Wisconsin, and Wyoming. The majority of the revenue is generated from the Home Health and Hospice Services segment.

Executives

Jennifer Freeman	officer: Chief Financial Officer	C/O THE PENNANT GROUP, INC., 1675 E. RIVERSIDE DRIVE, SUITE 120, EAGLE ID 83616
Lynette Walbom	officer: Chief Financial Officer	1675 E. RIVERSIDE DR., SUITE 150, EAGLE ID 83616
John J Gochnour	officer: Chief Operating Officer	C/O THE PENNANT GROUP, INC., 1675 E. RIVERSIDE DRIVE, SUITE 100, EAGLE ID 83616
Joanne Stringfield	director	C/O THE PENNANT GROUP, INC., 1675 E. RIVERSIDE DRIVE, SUITE 120, EAGLE ID 83616
Barry M Smith	director	4800 N SCOTTSDALE RD, SUITE 5000, SCOTTSDALE AZ 85251
John G. Nackel	director	27101 PUERTA REAL, SUITE 450, MISSION VIEJO CA 92691
Christopher R. Christensen	director	27101 PUERTA REAL, SUITE 450, MISSION VIEJO CA 92691
Morris Gregory K Sr.	director	1675 E RIVERSIDE DR, SUITE 150, EAGLE ID 83616
Daniel H Walker	director, officer: See Remarks	C/O THE PENNANT GROUP, INC., 1675 E. RIVERSIDE DRIVE, STE 150, EAGLE ID 83616
Brent Guerisoli	officer: President	1675 E RIVERSIDE DR, SUITE 150, EAGLE ID 83616
Derek J Bunker	officer: See Remarks	C/O THE PENNANT GROUP, INC., 1675 E. RIVERSIDE DRIVE, STE 150, EAGLE ID 83616
Scott E Lamb	director	ICU MEDICAL, INC., 951 CALLE AMANECER, SAN CLEMENTE CA 92673
Roderic W Lewis	director
Covey Stephen M R	director
Ensign Group, Inc	10 percent owner	29222 RANCHO VIEJO RD., SUITE 127, SAN JUAN CAPISTRANO CA 92675