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

Healthcare Triangle (Healthcare Triangle) Days Payable : 58.46 (As of Mar. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Healthcare Triangle Days Payable?

Healthcare Triangle's average Accounts Payable for the three months ended in Mar. 2024 was $1.98 Mil. Healthcare Triangle's Cost of Goods Sold for the three months ended in Mar. 2024 was $3.10 Mil. Hence, Healthcare Triangle's Days Payable for the three months ended in Mar. 2024 was 58.46.

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

HCTI' s Days Payable Range Over the Past 10 Years
Min: 17.7   Med: 45.89   Max: 81.33
Current: 25.25

During the past 5 years, Healthcare Triangle's highest Days Payable was 81.33. The lowest was 17.70. And the median was 45.89.

HCTI's Days Payable is ranked worse than
81.15% of 589 companies
in the Healthcare Providers & Services industry
Industry Median: 62.09 vs HCTI: 25.25

Healthcare Triangle's Days Payable increased from Mar. 2023 (15.43) to Mar. 2024 (58.46). It may suggest that Healthcare Triangle delayed paying its suppliers.


Healthcare Triangle Days Payable Historical Data

The historical data trend for Healthcare Triangle'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.

Healthcare Triangle Days Payable Chart

Healthcare Triangle Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
81.33 75.80 45.89 17.70 23.72

Healthcare Triangle Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.43 15.49 15.68 25.69 58.46

Competitive Comparison of Healthcare Triangle's Days Payable

For the Health Information Services subindustry, Healthcare Triangle'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.


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

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

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



Healthcare Triangle 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.

Healthcare Triangle'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
=( (1.481 + 1.953) / 2 ) / 26.426*365
=1.717 / 26.426*365
=23.72

Healthcare Triangle'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
=( (1.953 + 2.013) / 2 ) / 3.095*365 / 4
=1.983 / 3.095*365 / 4
=58.46

* 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.


Healthcare Triangle Days Payable Related Terms

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


Healthcare Triangle (Healthcare Triangle) Business Description

Traded in Other Exchanges
N/A
Address
7901 Stoneridge Drive, Suite 220, Pleasanton, CA, USA, 94588
Healthcare Triangle Inc is a healthcare information technology company focused on advancing industry-transforming solutions in the sectors of cloud services, data science, and professional and managed services for the healthcare and life sciences industry. It reinforces healthcare progress through technology and extensive industry know-how. HTI support healthcare providers and payors, hospitals and Pharma Life Sciences organizations in their effort to improve health outcomes by enabling the adoption of new technologies, data enlightenment, business agility and accelerate responding to immediate business needs and competitive threats. It provides services under three operating segments which are Software Services, Managed Services and Support and Platform Services.
Executives
Roy Sookhoo director 7901 STONERIDGE DR., SUITE 220, PLEASANTON CA 94588
Ronald W. Mcclurg director C/O NEUROONE MEDICAL TECHNOLOGIES CORP, 7599 ANAGRAM DR, EDEN PRAIRIE MN 55344
Paige Heaphy director 7901 STONERIDGE DR., SUITE 220, PLEASANTON CA 94588
Mohammad Jainal Bhuiyan director 10605 SW 44TH CT, DAVIE FL 33328
Jeffrey S Mathiesen director 43334 SEVEN MILE RD., SUITE 1000, NORTHVILLE MI 48167
Shibu Kizhakevilayil director 4309 HACIENDA DRIVE, SUITE 150, PLEASANTON CA 94588
April Bjornstad director 7901 STONERIDGE DRIVE, SUITE 220, PLEASANTON CA 94588
Thyagarajan Ramachandran officer: Chief Financial Officer 4309 HACIENDA DR., SUITE 150, PLEASANTON CA 94588
Brendan Gallagher director 4309 HACIENDA DR., SUITE 150, PLEASANTON CA 94588
James Michael Gill officer: Vice President, Finance 4309 HACIENDA DR., SUITE 150, PLEASANTON CA 94588
Mogli Sudish officer: Chief Technology Officer 4309 HACIENDA DRIVE, SUITE 150, PLEASANTON CA 94588
Vivek Prakash director 4309 HACIENDA DRIVE, SUITE 150, PLEASANTON CA 94588
Securekloud Technologies, Inc. 10 percent owner 401 RYLAND ST, STE 200-A, RENO NV 89502
Lakshmanan Kannappan director 4309 HACIENDA DRIVE, SUITE 150, PLEASANTON CA 94588
Anand Kumar officer: Vice President, Sales 4309 HACIENDA DR., SUITE 150, PLEASANTON CA 94588