Optima Health (LSE:OPT) Days Payable : 29.08 (As of Mar. 2024)

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What is Optima Health Days Payable?

Optima Health's average Accounts Payable for the six months ended in Mar. 2024 was £11.9 Mil. Optima Health's Cost of Goods Sold for the six months ended in Mar. 2024 was £74.4 Mil. Hence, Optima Health's Days Payable for the six months ended in Mar. 2024 was 29.08.

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

LSE:OPT' s Days Payable Range Over the Past 10 Years
Min: 14.46 Med: 58.15 Max: 59.01
Current: 58.15

During the past 3 years, Optima Health's highest Days Payable was 59.01. The lowest was 14.46. And the median was 58.15.

LSE:OPT's Days Payable is ranked better than
51.78% of 591 companies
in the Healthcare Providers & Services industry
Industry Median: 56.64 vs LSE:OPT: 58.15

Optima Health's Days Payable declined from Mar. 2022 (29.50) to Mar. 2024 (29.08). It may suggest that Optima Health accelerated paying its suppliers.

Optima Health Days Payable Historical Data

The historical data trend for Optima Health'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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Optima Health Days Payable Chart

Optima Health Annual Data

Trend

Mar22

Mar23

Mar24

Days Payable

59.01

14.46

58.15

Optima Health Semi-Annual Data
	Mar22	Mar23	Mar24
Days Payable	29.50	7.23	29.08

Competitive Comparison of Optima Health's Days Payable

For the Health Information Services subindustry, Optima Health'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.

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

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

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

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Optima Health 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.

Optima Health's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (3.896	+	19.816)	/	2 )	/	74.413	*	365
=	11.856					/	74.413	*	365
=	58.15

Optima Health'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: Mar. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (3.896	+	19.816)	/	2 )	/	74.413	*	365 / 2
=	11.856					/	74.413	*	365 / 2
=	29.08

Optima Health Days Payable Related Terms

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Optima Health Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Optima Health PLC (LSE:OPT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

J3N:Germany

Address

2 Hayland Street, Meadow Court, Sheffield, GBR, S9 1BY

Website

https://www.optimahealth.co.uk

Optima Health PLC is a provider of technology enabled corporate health and wellbeing solutions in the occupational health sector. The group offers a comprehensive range of flexible and progressive services from statutory-driven workplace health surveillance medicals to proactive and preventive interventions, through to workplace health advice and attendance management assessments, and ultimately rehabilitation programs and pathways aimed at returning people to work.