HCLC (Health-Chem) Days Payable : 12.65 (As of Jun. 2007)

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What is Health-Chem Days Payable?

Health-Chem's average Accounts Payable for the three months ended in Jun. 2007 was $0.22 Mil. Health-Chem's Cost of Goods Sold for the three months ended in Jun. 2007 was $1.56 Mil. Hence, Health-Chem's Days Payable for the three months ended in Jun. 2007 was 12.65.

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

HCLC's Days Payable is not ranked ^*
in the Medical Diagnostics & Research industry.
Industry Median: 60.665
* Ranked among companies with meaningful Days Payable only.

Health-Chem's Days Payable declined from Mar. 2006 (38.25) to Jun. 2007 (12.65). It may suggest that Health-Chem accelerated paying its suppliers.

Health-Chem Days Payable Historical Data

The historical data trend for Health-Chem'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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Health-Chem Days Payable Chart

Health-Chem Annual Data

Trend

Dec91

Dec92

Dec93

Dec94

Dec95

Dec96

Dec97

Dec04

Dec05

Dec06

Days Payable

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49.77

62.65

163.89

54.32

24.02

Health-Chem Quarterly Data
	Sep95	Dec95	Mar96	Jun96	Sep96	Dec96	Mar97	Jun97	Sep97	Dec97	Mar98	Jun98	Sep98	Dec04	Dec05	Mar06	Jun06	Dec06	Mar07	Jun07
Days Payable	Get a 7-Day Free Trial															38.25	-	-	16.28	12.65

Competitive Comparison of Health-Chem's Days Payable

For the Diagnostics & Research subindustry, Health-Chem'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.

Health-Chem's Days Payable Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Health-Chem's Days Payable distribution charts can be found below:

* The bar in red indicates where Health-Chem's Days Payable falls into.

Health-Chem 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.

Health-Chem's Days Payable for the fiscal year that ended in Dec. 2006 is calculated as

	Days Payable (A: Dec. 2006 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2005 )	+	Accounts Payable (A: Dec. 2006 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2006 )	*	Days in Period
=	( (0.508	+	0.197)	/	2 )	/	5.357	*	365
=	0.3525					/	5.357	*	365
=	24.02

Health-Chem's Days Payable for the quarter that ended in Jun. 2007 is calculated as:

	Days Payable (Q: Jun. 2007 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2007 )	+	Accounts Payable (Q: Jun. 2007 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2007 )	*	Days in Period
=	( (0.229	+	0.202)	/	2 )	/	1.555	*	365 / 4
=	0.2155					/	1.555	*	365 / 4
=	12.65

Health-Chem Days Payable Related Terms

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Health-Chem Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Health-Chem Corp (OTCPK:HCLC) » Definitions » Days Payable

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