Induction Healthcare Group (LSE:INHC) Days Payable : 81.79 (As of Sep. 2023)

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What is Induction Healthcare Group Days Payable?

Induction Healthcare Group's average Accounts Payable for the six months ended in Sep. 2023 was £0.68 Mil. Induction Healthcare Group's Cost of Goods Sold for the six months ended in Sep. 2023 was £1.51 Mil. Hence, Induction Healthcare Group's Days Payable for the six months ended in Sep. 2023 was 81.79.

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

LSE:INHC' s Days Payable Range Over the Past 10 Years
Min: 67.14 Med: 86.53 Max: 470
Current: 69.14

During the past 5 years, Induction Healthcare Group's highest Days Payable was 470.00. The lowest was 67.14. And the median was 86.53.

LSE:INHC's Days Payable is ranked better than
54.55% of 594 companies
in the Healthcare Providers & Services industry
Industry Median: 62.115 vs LSE:INHC: 69.14

Induction Healthcare Group's Days Payable increased from Sep. 2022 (65.55) to Sep. 2023 (81.79). It may suggest that Induction Healthcare Group delayed paying its suppliers.

Induction Healthcare Group Days Payable Historical Data

The historical data trend for Induction Healthcare Group'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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Induction Healthcare Group Days Payable Chart

Induction Healthcare Group Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

470.00

94.12

78.94

67.14

Induction Healthcare Group Semi-Annual Data
	Sep18	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial					137.84	110.19	65.55	65.55	81.79

Competitive Comparison of Induction Healthcare Group's Days Payable

For the Health Information Services subindustry, Induction Healthcare Group'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.

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

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

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

Induction Healthcare Group 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.

Induction Healthcare Group's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0.901	+	0.848)	/	2 )	/	4.754	*	365
=	0.8745					/	4.754	*	365
=	67.14

Induction Healthcare Group's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.848	+	0.509)	/	2 )	/	1.514	*	365 / 2
=	0.6785					/	1.514	*	365 / 2
=	81.79

Induction Healthcare Group Days Payable Related Terms

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Induction Healthcare Group (LSE:INHC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Induction Healthcare Group PLC (LSE:INHC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/o Pinsent Masons, 30 Crown Place, Earl Street, London, GBR, EC2A 4ES

Website

https://www.inductionhealthcare.com

Induction Healthcare Group PLC is a healthcare technology company focused on streamlining the delivery of care by Healthcare Professionals. The company's mobile application module Induction Switch is an app that provides a directory allowing Healthcare Professionals to find extension numbers, messaging, and administration portals to share and view hospital guidelines. The company's products power remote consultations, capture patient-reported data and empower patients to self-manage their care pathway. Geographically, it operates in the United Kingdom, Europe, the United States and the Rest of the world, out of which the majority of revenue is derived from the United Kingdom.

Induction Healthcare Group (LSE:INHC) Headlines

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