CRWRF (Craneware) Days Payable : 57.50 (As of Jun. 2024)

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What is Craneware Days Payable?

Craneware's average Accounts Payable for the six months ended in Jun. 2024 was $4.4 Mil. Craneware's Cost of Goods Sold for the six months ended in Jun. 2024 was $13.9 Mil. Hence, Craneware's Days Payable for the six months ended in Jun. 2024 was 57.50.

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

CRWRF' s Days Payable Range Over the Past 10 Years
Min: 41 Med: 93.58 Max: 186.26
Current: 57.53

During the past 13 years, Craneware's highest Days Payable was 186.26. The lowest was 41.00. And the median was 93.58.

CRWRF's Days Payable is ranked worse than
50.25% of 593 companies
in the Healthcare Providers & Services industry
Industry Median: 57.56 vs CRWRF: 57.53

Craneware's Days Payable increased from Jun. 2023 (50.99) to Jun. 2024 (57.50). It may suggest that Craneware delayed paying its suppliers.

Craneware Days Payable Historical Data

The historical data trend for Craneware'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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Craneware Days Payable Chart

Craneware Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Days Payable

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98.04

87.06

42.76

54.17

52.11

Craneware 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															62.47	50.98	50.99	62.77	57.50

Competitive Comparison of Craneware's Days Payable

For the Health Information Services subindustry, Craneware'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.

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

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

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

Craneware 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.

Craneware's Days Payable for the fiscal year that ended in Jun. 2024 is calculated as

	Days Payable (A: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2023 )	+	Accounts Payable (A: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2024 )	*	Days in Period
=	( (4.005	+	3.725)	/	2 )	/	27.072	*	365
=	3.865					/	27.072	*	365
=	52.11

Craneware'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
=	( (5.044	+	3.725)	/	2 )	/	13.917	*	365 / 2
=	4.3845					/	13.917	*	365 / 2
=	57.50

Craneware Days Payable Related Terms

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Craneware Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Craneware PLC (OTCPK:CRWRF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CRW.GB:UK CRW:UK

Address

1 Tanfield, Scotland, Edinburgh, GBR, EH3 5DA

Website

https://www.thecranewaregroup.com

Craneware PLC provides automated revenue integrity solutions that improve financial performance for healthcare organizations. Its activities include the development, licensing, and ongoing support of computer software for the US healthcare industry. It is engaged in the sale of software licenses, white labelling, and professional services (including installation) to hospitals within the USA. The company recognizes its revenues from the sale of and distribution agreements relating to software licenses and professional services.