Freedom Care Group Holdings (ASX:FCG) Days Payable : 654.46 (As of Dec. 2023)

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What is Freedom Care Group Holdings Days Payable?

Freedom Care Group Holdings's average Accounts Payable for the six months ended in Dec. 2023 was A$0.98 Mil. Freedom Care Group Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was A$0.27 Mil. Hence, Freedom Care Group Holdings's Days Payable for the six months ended in Dec. 2023 was 654.46.

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

ASX:FCG' s Days Payable Range Over the Past 10 Years
Min: 124.44 Med: 151.96 Max: 1308.92
Current: 1308.92

During the past 2 years, Freedom Care Group Holdings's highest Days Payable was 1308.92. The lowest was 124.44. And the median was 151.96.

ASX:FCG's Days Payable is ranked better than
96.63% of 594 companies
in the Healthcare Providers & Services industry
Industry Median: 63.31 vs ASX:FCG: 1308.92

Freedom Care Group Holdings's Days Payable increased from Jun. 2022 (0.00) to Dec. 2023 (654.46). It may suggest that Freedom Care Group Holdings delayed paying its suppliers.

Freedom Care Group Holdings Days Payable Historical Data

The historical data trend for Freedom Care Group Holdings'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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Freedom Care Group Holdings Days Payable Chart

Freedom Care Group Holdings Annual Data

Trend

Jun21

Jun22

Days Payable

179.47

124.44

Freedom Care Group Holdings Semi-Annual Data
	Jun21	Jun22	Dec22	Dec23
Days Payable	-	-	232.04	654.46

Competitive Comparison of Freedom Care Group Holdings's Days Payable

For the Medical Care Facilities subindustry, Freedom Care Group Holdings'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.

Freedom Care Group Holdings's Days Payable Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Freedom Care Group Holdings's Days Payable falls into.

Freedom Care Group Holdings 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.

Freedom Care Group Holdings's Days Payable for the fiscal year that ended in Jun. 2022 is calculated as

	Days Payable (A: Jun. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2021 )	+	Accounts Payable (A: Jun. 2022 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2022 )	*	Days in Period
=	( (0.148	+	0.735)	/	2 )	/	1.295	*	365
=	0.4415					/	1.295	*	365
=	124.44

Freedom Care Group Holdings'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: Dec. 2022 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.162	+	0.796)	/	2 )	/	0.273	*	365 / 2
=	0.979					/	0.273	*	365 / 2
=	654.46

Freedom Care Group Holdings Days Payable Related Terms

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Freedom Care Group Holdings (ASX:FCG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Freedom Care Group Holdings Ltd (ASX:FCG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shop 3/886, Woodville Road, Villawood, NSW, AUS, 2163

Website

https://www.freedomcaregroup.com.au

Freedom Care Group Holdings Ltd is a national disability insurance scheme services provider that provides a full suite of allied health and care services to individuals accepted into the NDIS particularly in the greater Sydney areas. It is organized into three service areas such as Core Supports, Capacity Building Supports and Capital Supports. Core Supports: assist Participants with everyday activities, current disability-related needs and work towards a Participant's goals. Capacity Building Supports: assist Participants to increase independence and develop skills to assist them to pursue their goals and Capital Supports: includes higher-cost pieces of assistive technology, equipment and home or vehicle modifications, and funding for one-off capital purchases that participants require.