Alternate Health (Alternate Health) Days Payable : 740.50 (As of Sep. 2019)

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What is Alternate Health Days Payable?

Alternate Health's average Accounts Payable for the three months ended in Sep. 2019 was $5.29 Mil. Alternate Health's Cost of Goods Sold for the three months ended in Sep. 2019 was $0.65 Mil. Hence, Alternate Health's Days Payable for the three months ended in Sep. 2019 was 740.50.

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

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

Alternate Health's Days Payable increased from Sep. 2018 (0.00) to Sep. 2019 (740.50). It may suggest that Alternate Health delayed paying its suppliers.

Alternate Health Days Payable Historical Data

The historical data trend for Alternate 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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Alternate Health Days Payable Chart

Alternate Health Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Days Payable

Alternate Health Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Days Payable	Get a 7-Day Free Trial														-	-	-	929.03	740.50

Competitive Comparison of Alternate Health's Days Payable

For the Health Information Services subindustry, Alternate 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.

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

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

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

Alternate 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.

Alternate Health's Days Payable for the fiscal year that ended in Dec. 2018 is calculated as

	Days Payable (A: Dec. 2018 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2017 )	+	Accounts Payable (A: Dec. 2018 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2018 )	*	Days in Period
=	( (2.562	+	4.024)	/	2 )	/	0	*	365
=	3.293					/	0	*	365
=	N/A

Alternate Health's Days Payable for the quarter that ended in Sep. 2019 is calculated as:

	Days Payable (Q: Sep. 2019 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2019 )	+	Accounts Payable (Q: Sep. 2019 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2019 )	*	Days in Period
=	( (5.146	+	5.436)	/	2 )	/	0.652	*	365 / 4
=	5.291					/	0.652	*	365 / 4
=	740.50

Alternate Health Days Payable Related Terms

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Alternate Health (Alternate Health) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Alternate Health Corp (OTCPK:AHGIF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

7373 Broadway Street, Suite 307, San Antonio, TX, USA, 78209

Website

https://www.alternatehealth.ca

Alternate Health Corp is a healthcare company. It uses expertise in technology and data analytics to revolutionize patient care and research in the emerging medical cannabis industry. It offers practice management and controlled substance management software, blood analysis and toxicology labs, clinical research, continuing education programs, nutraceutical products, and security and control services to the medical cannabis industry.