Certive Solutions (Certive Solutions) Days Payable : 567.17 (As of Nov. 2023)

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What is Certive Solutions Days Payable?

Certive Solutions's average Accounts Payable for the three months ended in Nov. 2023 was $1.44 Mil. Certive Solutions's Cost of Goods Sold for the three months ended in Nov. 2023 was $0.23 Mil. Hence, Certive Solutions's Days Payable for the three months ended in Nov. 2023 was 567.17.

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

CTVEF' s Days Payable Range Over the Past 10 Years
Min: 32.63 Med: 148.68 Max: 530.19
Current: 530.19

During the past 13 years, Certive Solutions's highest Days Payable was 530.19. The lowest was 32.63. And the median was 148.68.

CTVEF's Days Payable is ranked better than
93.38% of 589 companies
in the Healthcare Providers & Services industry
Industry Median: 61.52 vs CTVEF: 530.19

Certive Solutions's Days Payable increased from Nov. 2022 (404.03) to Nov. 2023 (567.17). It may suggest that Certive Solutions delayed paying its suppliers.

Certive Solutions Days Payable Historical Data

The historical data trend for Certive Solutions'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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Certive Solutions Days Payable Chart

Certive Solutions Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Days Payable

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368.66

134.83

81.39

158.63

355.33

Certive Solutions Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Days Payable	Get a 7-Day Free Trial															404.03	534.30	522.26	508.71	567.17

Competitive Comparison of Certive Solutions's Days Payable

For the Health Information Services subindustry, Certive Solutions'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.

Certive Solutions's Days Payable Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Certive Solutions's Days Payable falls into.

Certive Solutions 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.

Certive Solutions's Days Payable for the fiscal year that ended in May. 2023 is calculated as

	Days Payable (A: May. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: May. 2022 )	+	Accounts Payable (A: May. 2023 ))	/	count )	/	Cost of Goods Sold (A: May. 2023 )	*	Days in Period
=	( (0.875	+	1.329)	/	2 )	/	1.132	*	365
=	1.102					/	1.132	*	365
=	355.33

Certive Solutions's Days Payable for the quarter that ended in Nov. 2023 is calculated as:

	Days Payable (Q: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Aug. 2023 )	+	Accounts Payable (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (1.425	+	1.459)	/	2 )	/	0.232	*	365 / 4
=	1.442					/	0.232	*	365 / 4
=	567.17

Certive Solutions Days Payable Related Terms

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

Certive Solutions (Certive Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Certive Solutions Inc (OTCPK:CTVEF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CBP:Canada

Address

8149 North 87th Place, Scottsdale, AZ, USA, 85258

Website

https://www.certivehealth.com

Certive Solutions Inc is a service provider in the Revenue Cycle Management (RCM) segment of the United States healthcare industry. The company provides claims audit and recovery solutions. Along with its subsidiaries, the Titan and Omega divisions provide retrospective claim audits against payer contracts, identify underpayments, and rebill and collect revenues for hospital customers. Its lines of business include billing support, claim audit and recovery, consulting services and chargemaster/lost charge recovery. The Company currently provides services to hospital clients enhancing the efficiency and effectiveness of lost charge recovery services, in revenue-sharing relationships that improve hospital clients' net operating results.

Certive Solutions (Certive Solutions) Headlines

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Certive Announces Expanded Partnership with TechSlayers to Provide Cybersecurity Solutions

By ACCESSWIRE ACCESSWIRE • 03-08-2022

Certive Announces Annual General Meeting Results and Offering

By ACCESSWIRE AccessWire • 04-12-2019