CCLD (CareCloud) Days Payable : 32.59 (As of Sep. 2024)

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What is CareCloud Days Payable?

CareCloud's average Accounts Payable for the three months ended in Sep. 2024 was $5.5 Mil. CareCloud's Cost of Goods Sold for the three months ended in Sep. 2024 was $15.4 Mil. Hence, CareCloud's Days Payable for the three months ended in Sep. 2024 was 32.59.

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

CCLD' s Days Payable Range Over the Past 10 Years
Min: 20.03 Med: 26.16 Max: 33.68
Current: 33.68

During the past 13 years, CareCloud's highest Days Payable was 33.68. The lowest was 20.03. And the median was 26.16.

CCLD's Days Payable is ranked worse than
71.6% of 595 companies
in the Healthcare Providers & Services industry
Industry Median: 57.56 vs CCLD: 33.68

CareCloud's Days Payable increased from Sep. 2023 (28.54) to Sep. 2024 (32.59). It may suggest that CareCloud delayed paying its suppliers.

CareCloud Days Payable Historical Data

The historical data trend for CareCloud'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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CareCloud Days Payable Chart

CareCloud Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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26.27

28.02

26.05

25.14

29.58

CareCloud Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															28.54	32.37	35.23	34.03	32.59

Competitive Comparison of CareCloud's Days Payable

For the Health Information Services subindustry, CareCloud'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.

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

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

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

CareCloud 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.

CareCloud's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (5.681	+	5.798)	/	2 )	/	70.817	*	365
=	5.7395					/	70.817	*	365
=	29.58

CareCloud's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (5.448	+	5.567)	/	2 )	/	15.42	*	365 / 4
=	5.5075					/	15.42	*	365 / 4
=	32.59

CareCloud Days Payable Related Terms

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CareCloud Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » CareCloud Inc (NAS:CCLD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CCLDP.PFD:USA MTB0:Germany

Address

7 Clyde Road, Somerset, NJ, USA, 08873

Website

https://www.carecloud.com

CareCloud Inc is a healthcare information technology company. It provides a full suite of proprietary cloud-based solutions and related business services. Its Software-as-a-Service platforms include practice management (PM), electronic health record (EHR), business intelligence, telehealth, patient experience management (PXM) solutions, and robotic processing automation (RPA) bots, along with complementary software tools and business services such as revenue cycle management (RCM), premiere healthcare consulting and implementation services, and on-demand workforce staffing capabilities for high-performance medical groups and health systems nationwide. The operating segments of the group are Healthcare IT, which is the key revenue generating segment, and Practice Management.

Executives

John N Daly	director	390 STANWICH ROAD, GREENWICH CT 06830
Mahmud Ul Haq	director, 10 percent owner, officer: Chief Executive Officer	7 CLYDE ROAD, SOMERSET NJ 08873
Lawrence Steven Sharnak	director	7393, ORANGEWOOD LANE, BOCA RATON FL 33433
Anne Busquet	director	390 PARK AVE 4TH FLR, NEW YORK NY 10022
A Hadi Chaudhry	officer: President	7 CLYDE ROAD, SOMERSET NJ 08873
Nathalie Grey Garcia	officer: General Counsel & Secretary	7 CLYDE ROAD, SOMERSET NJ 08873
Lawrence J. Steenvoorden	officer: Chief Financial Officer	C/O CHEMBIO DIAGNOSTICS, INC., 555 WIRELESS BOULEVARD, HAUPPAUGE NY 11788
Stephen Andrew Snyder	director, officer: President	7 CLYDE ROAD, SOMERSET NJ 08873
Bill Korn	officer: Chief Financial Officer	61 DARREN DRIVE, BASKING RIDGE NJ 07920
Kimberly J Grant	officer: General Counsel & Secretary	7 CLYDE ROAD, SOMERSET NJ 08873
Cameron Munter	director	295 WEST ORANGE GROVE AVE, SIERRA MADRE CA 91024
Shruti H Patel	officer: Interim Corporate Secretary	7 CLYDE ROAD, SOMERSET NJ 08873
Amritpal K. Deol	officer: See Remarks	7 CLYDE ROAD, SOMERSET NJ 08873
Norman Roth	officer: See Remarks	7 CLYDE ROAD, SOMERSET NJ 08873
Brendan Patrick Harney	officer: See Remarks	7 CLYDE ROAD, SOMERSET NJ 08873