Garofalo Health Care SpA (MIL:GHC) Days Payable : 123.29 (As of Mar. 2024)

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What is Garofalo Health Care SpA Days Payable?

Garofalo Health Care SpA's average Accounts Payable for the three months ended in Mar. 2024 was €90.4 Mil. Garofalo Health Care SpA's Cost of Goods Sold for the three months ended in Mar. 2024 was €66.9 Mil. Hence, Garofalo Health Care SpA's Days Payable for the three months ended in Mar. 2024 was 123.29.

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

MIL:GHC' s Days Payable Range Over the Past 10 Years
Min: 60.83 Med: 73.51 Max: 124.63
Current: 112.42

During the past 9 years, Garofalo Health Care SpA's highest Days Payable was 124.63. The lowest was 60.83. And the median was 73.51.

MIL:GHC's Days Payable is ranked better than
68.79% of 596 companies
in the Healthcare Providers & Services industry
Industry Median: 63.31 vs MIL:GHC: 112.42

Garofalo Health Care SpA's Days Payable increased from Mar. 2023 (95.64) to Mar. 2024 (123.29). It may suggest that Garofalo Health Care SpA delayed paying its suppliers.

Garofalo Health Care SpA Days Payable Historical Data

The historical data trend for Garofalo Health Care SpA'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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Garofalo Health Care SpA Days Payable Chart

Garofalo Health Care SpA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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71.94

88.58

95.22

99.28

124.63

Garofalo Health Care SpA Quarterly Data
	Dec18	Jun19	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															95.64	97.83	114.49	104.17	123.29

Competitive Comparison of Garofalo Health Care SpA's Days Payable

For the Medical Care Facilities subindustry, Garofalo Health Care SpA'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.

Garofalo Health Care SpA's Days Payable Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Garofalo Health Care SpA's Days Payable falls into.

Garofalo Health Care SpA 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.

Garofalo Health Care SpA'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
=	( (51.1	+	87.853)	/	2 )	/	203.471	*	365
=	69.4765					/	203.471	*	365
=	124.63

Garofalo Health Care SpA'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
=	( (87.853	+	92.906)	/	2 )	/	66.892	*	365 / 4
=	90.3795					/	66.892	*	365 / 4
=	123.29

Garofalo Health Care SpA Days Payable Related Terms

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Garofalo Health Care SpA (MIL:GHC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Garofalo Health Care SpA (MIL:GHC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GHC:Germany

Address

Piazzale Belle Arti, 6, Rome, ITA, 00196

Website

https:///www.garofalohealthcare.com

Garofalo Health Care SpA operates accredited private healthcare and is based in Rome. The company offers outpatient services and other range of services including surgery, emergency medicine, clinical, interventional cardiology, nutritional rehabilitation, and diagnostic centers.