Castlight Health (Castlight Health) Days Payable : 32.10 (As of Sep. 2021)

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What is Castlight Health Days Payable?

Castlight Health's average Accounts Payable for the three months ended in Sep. 2021 was $4.1 Mil. Castlight Health's Cost of Goods Sold for the three months ended in Sep. 2021 was $11.8 Mil. Hence, Castlight Health's Days Payable for the three months ended in Sep. 2021 was 32.10.

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

CSLT's Days Payable is not ranked ^*
in the Healthcare Providers & Services industry.
Industry Median: 61.52
* Ranked among companies with meaningful Days Payable only.

Castlight Health's Days Payable declined from Sep. 2020 (51.06) to Sep. 2021 (32.10). It may suggest that Castlight Health accelerated paying its suppliers.

Castlight Health Days Payable Historical Data

The historical data trend for Castlight Health'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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Castlight Health Days Payable Chart

Castlight Health Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Days Payable

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32.48

24.23

40.82

90.06

86.76

Castlight Health Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Days Payable	Get a 7-Day Free Trial															51.06	34.76	34.08	30.44	32.10

Competitive Comparison of Castlight Health's Days Payable

For the Health Information Services subindustry, Castlight Health'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.

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

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

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

Castlight Health 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.

Castlight Health's Days Payable for the fiscal year that ended in Dec. 2020 is calculated as

	Days Payable (A: Dec. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2019 )	+	Accounts Payable (A: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2020 )	*	Days in Period
=	( (19.596	+	5.145)	/	2 )	/	52.042	*	365
=	12.3705					/	52.042	*	365
=	86.76

Castlight Health's Days Payable for the quarter that ended in Sep. 2021 is calculated as:

	Days Payable (Q: Sep. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2021 )	+	Accounts Payable (Q: Sep. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2021 )	*	Days in Period
=	( (3.729	+	4.543)	/	2 )	/	11.756	*	365 / 4
=	4.136					/	11.756	*	365 / 4
=	32.10

Castlight Health Days Payable Related Terms

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

Castlight Health (Castlight Health) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Castlight Health Inc (NYSE:CSLT) » Definitions » Days Payable

Comparable Companies

XPAR:CGM SHSE:600767 TSE:3902 CLNH XSWX:ASCN HKSE:06819 TSE:2150 TSX:CARE XKRX:032620 TSE:6078

Traded in Other Exchanges

N/A

Address

150 Spear Street, Suite 400, San Francisco, CA, USA, 94105

Website

https://www.castlighthealth.com

Castlight Health Inc provides a software-as-a-service platform. It is used for health benefits navigation for employees in the United States. Its platform matches employees to the resources their employers make available to them; managing a condition; and assists them to manage their benefits. The company derives its revenue from sales of cloud-based subscription service and professional services contracts. Castlight generates its geographical revenue from the United States.

Executives

Venrock Partners Management V, Llc	10 percent owner	3340 HILLVIEW AVENUE, PALO ALTO CA 94304
Venrock Management V, Llc	10 percent owner	3340 HILLVIEW AVENUE, PALO ALTO CA 94304
Venrock Management Vi, Llc	10 percent owner	3340 HILLVIEW AVENUE, PALO ALTO CA 94304
Venrock Associates Vi, L.p.	10 percent owner	3340 HILLVIEW AVENUE, PALO ALTO CA 94304
Venrock Partners Management Vi, Llc	10 percent owner	3340 HILLVIEW AVENUE, PALO ALTO CA 94304
Venrock Partners Vi, L.p.	10 percent owner	3340 HILLVIEW AVENUE, PALO ALTO CA 94304
Venrock Entrepreneurs Fund V, L.p.	10 percent owner	3340 HILLVIEW AVENUE, PALO ALTO CA 94304
Vef Management V, Llc	10 percent owner	3340 HILLVIEW AVENUE, PALO ALTO CA 94304
Venrock Partners V L P	10 percent owner	3340 HILLVIEW AVENUE, PALO ALTO CA 94304
Venrock Associates V Lp	10 percent owner	3340 HILLVIEW AVENUE, PALO ALTO CA 94304
Maeve O'meara	officer: EVP,Product&CustomerExperience	C/O CASTLIGHT HEALTH, INC., 150 SPEAR ST., SUITE 400, SAN FRANCISCO CA 94105
William Bondurant	officer: Chief Financial Officer	C/O CASTLIGHT HEALTH, INC. 150 SPEAR STREET, SUITE 400 SAN FRANCISCO CA 94105
Chan M.p. Eric	officer: Chief Accounting Officer	C/O CASTLIGHT HEALTH, INC. 150 SPEAR ST., SUITE 400 SAN FRANCISCO CA 94105
Bryan E Roberts	director, 10 percent owner	C/O VENROCK ASSOCIATES, 2494 SAND HILL ROAD STE 200, MENLO PARK CA 94025
Seth B. Cohen	director	C/O CASTLIGHT HEALTH, INC. 150 SPEAR ST., SUITE 400 SAN FRANCISCO CA 94105