CCM (Concord Medical Services Holdings) Days Payable : 90.63 (As of Jun. 2024)

View and export this data going back to 2009. Start your Free Trial

What is Concord Medical Services Holdings Days Payable?

Concord Medical Services Holdings's average Accounts Payable for the six months ended in Jun. 2024 was $17.83 Mil. Concord Medical Services Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was $35.90 Mil. Hence, Concord Medical Services Holdings's Days Payable for the six months ended in Jun. 2024 was 90.63.

The historical rank and industry rank for Concord Medical Services Holdings's Days Payable or its related term are showing as below:

CCM' s Days Payable Range Over the Past 10 Years
Min: 0.99 Med: 17.34 Max: 101.76
Current: 85.59

During the past 13 years, Concord Medical Services Holdings's highest Days Payable was 101.76. The lowest was 0.99. And the median was 17.34.

CCM's Days Payable is ranked better than
63.87% of 595 companies
in the Healthcare Providers & Services industry
Industry Median: 57.56 vs CCM: 85.59

Concord Medical Services Holdings's Days Payable increased from Jun. 2023 (80.02) to Jun. 2024 (90.63). It may suggest that Concord Medical Services Holdings delayed paying its suppliers.

Concord Medical Services Holdings Days Payable Historical Data

The historical data trend for Concord Medical Services 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.

* Premium members only.

Concord Medical Services Holdings Days Payable Chart

Concord Medical Services Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

11.77

22.90

40.59

75.68

83.08

Concord Medical Services Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial															84.42	60.37	80.02	81.36	90.63

Competitive Comparison of Concord Medical Services Holdings's Days Payable

For the Medical Care Facilities subindustry, Concord Medical Services 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.

Concord Medical Services Holdings's Days Payable Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Concord Medical Services Holdings's Days Payable falls into.

Concord Medical Services 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.

Concord Medical Services Holdings'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
=	( (21.049	+	18.1)	/	2 )	/	85.993	*	365
=	19.5745					/	85.993	*	365
=	83.08

Concord Medical Services Holdings's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (18.1	+	17.552)	/	2 )	/	35.895	*	365 / 2
=	17.826					/	35.895	*	365 / 2
=	90.63

Concord Medical Services Holdings Days Payable Related Terms

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

Concord Medical Services Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Concord Medical Services Holdings Ltd (NYSE:CCM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hanwei Building, No. 7 Guanghua Road, Room 26A1-26A5, East Area, Chaoyang District, Beijing, CHN, 100013

Website

http://www.ccm.cn

Concord Medical Services Holdings Ltd operates radiotherapy and diagnostic imaging centers in China. The company operates cooperative centers across several provinces and administrative regions in China. Its network includes radiotherapy centers, diagnostic imaging centers, and centers providing other treatment and diagnostic services, such as electroencephalography for the diagnosis of epilepsy, thermotherapy to increase the efficacy of and for pain relief after radiotherapy and chemotherapy, high-intensity focused ultrasound therapy for the treatment of cancer, stereotactic radiofrequency ablation for the treatment of Parkinson's Disease and refraction and tonometry for the diagnosis of ophthalmic conditions.