New Frontier Health (New Frontier Health) Days Payable : 62.37 (As of Dec. 2020)

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What is New Frontier Health Days Payable?

New Frontier Health's average Accounts Payable for the three months ended in Dec. 2020 was $13.3 Mil. New Frontier Health's Cost of Goods Sold for the three months ended in Dec. 2020 was $19.5 Mil. Hence, New Frontier Health's Days Payable for the three months ended in Dec. 2020 was 62.37.

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

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

New Frontier Health's Days Payable increased from Dec. 2019 (48.95) to Dec. 2020 (62.37). It may suggest that New Frontier Health delayed paying its suppliers.

New Frontier Health Days Payable Historical Data

The historical data trend for New Frontier 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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New Frontier Health Days Payable Chart

New Frontier Health Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Days Payable

91.50

84.39

78.77

New Frontier Health Quarterly Data
	Dec17	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Days Payable	Get a 7-Day Free Trial							48.95	123.15	95.40	78.20	62.37

Competitive Comparison of New Frontier Health's Days Payable

For the Medical Care Facilities subindustry, New Frontier 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.

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

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

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

New Frontier 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.

New Frontier 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
=	( (14.127	+	13.619)	/	2 )	/	64.287	*	365
=	13.873					/	64.287	*	365
=	78.77

New Frontier Health's Days Payable for the quarter that ended in Dec. 2020 is calculated as:

	Days Payable (Q: Dec. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2020 )	+	Accounts Payable (Q: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2020 )	*	Days in Period
=	( (13.035	+	13.619)	/	2 )	/	19.498	*	365 / 4
=	13.327					/	19.498	*	365 / 4
=	62.37

New Frontier Health Days Payable Related Terms

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New Frontier Health (New Frontier Health) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » New Frontier Health Corp (NYSE:NFH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Jiuxianqiao Road, B7 Building, 1ST Floor, Hengtong Business Park, Chaoyang District, Beijing, CHN, 100015

Website

https://www.nfh.com.cn

New Frontier Health Corp is a comprehensive private medical service platform. Through its subsidiary, it provides healthcare services throughout the life cycle in China. The firm's operating segments are Operating assets Tier 1, and Operating assets Tier 2 and other assets and Expansion assets. Tier 1 segment consists of the group's existing general hospitals and clinics located in tier 1 cities in China, such as Beijing and Shanghai whereas, tier 2 and other assets segment consists of the group's existing general hospitals and clinics located in tier 2 cities in China, such as Tianjin and Qingdao, and specialized healthcare facilities. The company generates a majority of its revenue from the Tier 1 segment.