Medicover AB (FRA:5M0B) Days Payable : 33.50 (As of Mar. 2024)

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What is Medicover AB Days Payable?

Medicover AB's average Accounts Payable for the three months ended in Mar. 2024 was €145 Mil. Medicover AB's Cost of Goods Sold for the three months ended in Mar. 2024 was €394 Mil. Hence, Medicover AB's Days Payable for the three months ended in Mar. 2024 was 33.50.

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

FRA:5M0B' s Days Payable Range Over the Past 10 Years
Min: 16.84 Med: 20.06 Max: 43.05
Current: 43.05

During the past 10 years, Medicover AB's highest Days Payable was 43.05. The lowest was 16.84. And the median was 20.06.

FRA:5M0B's Days Payable is ranked worse than
64.69% of 589 companies
in the Healthcare Providers & Services industry
Industry Median: 62.09 vs FRA:5M0B: 43.05

Medicover AB's Days Payable declined from Mar. 2023 (34.70) to Mar. 2024 (33.50). It may suggest that Medicover AB accelerated paying its suppliers.

Medicover AB Days Payable Historical Data

The historical data trend for Medicover AB'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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Medicover AB Days Payable Chart

Medicover AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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19.86

24.46

21.21

18.89

16.97

Medicover AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															34.70	51.04	49.80	31.62	33.50

Competitive Comparison of Medicover AB's Days Payable

For the Medical Care Facilities subindustry, Medicover AB'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.

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

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

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

Medicover AB 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.

Medicover AB'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
=	( (61	+	68)	/	2 )	/	1387	*	365
=	64.5					/	1387	*	365
=	16.97

Medicover AB's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (68	+	221.4)	/	2 )	/	394.2	*	365 / 4
=	144.7					/	394.2	*	365 / 4
=	33.50

Medicover AB Days Payable Related Terms

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Medicover AB (FRA:5M0B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Medicover AB (FRA:5M0B) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MCVEF:USA MCOV B:Sweden

Address

Riddargatan 12A, P.O. Box 5283, Stockholm, SWE, SE-102 46

Website

https://www.medicover.com

Medicover AB is an international healthcare and diagnostic services, provider. It offers a broad spectrum of healthcare services via an extensive network of ambulatory clinics, hospitals, specialty-care facilities, and laboratories. The company offers its services through two segments; Diagnostic Services offer a broad range of laboratory testing in all clinical pathology areas in Germany, Romania, Poland, and Ukraine, and Healthcare Services offer high-quality care based on an Integrated Healthcare Model and Fee-For-Service in Poland, India, and Romania. It generates maximum revenue from the Healthcare Services segment. Geographically, it derives a majority of its revenue from Poland and also has a presence in Romania; Germany; Ukraine; India, and Other Countries.

Medicover AB (FRA:5M0B) Headlines

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