Nova Leap Health (Nova Leap Health) Days Payable : 25.75 (As of Sep. 2023)

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What is Nova Leap Health Days Payable?

Nova Leap Health's average Accounts Payable for the three months ended in Sep. 2023 was $1.16 Mil. Nova Leap Health's Cost of Goods Sold for the three months ended in Sep. 2023 was $4.11 Mil. Hence, Nova Leap Health's Days Payable for the three months ended in Sep. 2023 was 25.75.

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

NVLPF' s Days Payable Range Over the Past 10 Years
Min: 24.78 Med: 30.16 Max: 237.85
Current: 26.76

During the past 7 years, Nova Leap Health's highest Days Payable was 237.85. The lowest was 24.78. And the median was 30.16.

NVLPF's Days Payable is ranked worse than
79.42% of 588 companies
in the Healthcare Providers & Services industry
Industry Median: 61.55 vs NVLPF: 26.76

Nova Leap Health's Days Payable increased from Sep. 2022 (24.75) to Sep. 2023 (25.75). It may suggest that Nova Leap Health delayed paying its suppliers.

Nova Leap Health Days Payable Historical Data

The historical data trend for Nova Leap 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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Nova Leap Health Days Payable Chart

Nova Leap Health Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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35.69

29.46

30.12

29.25

25.54

Nova Leap Health Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															24.75	27.00	27.83	26.06	25.75

Competitive Comparison of Nova Leap Health's Days Payable

For the Medical Care Facilities subindustry, Nova Leap 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.

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

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

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

Nova Leap 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.

Nova Leap Health's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (1.309	+	1.242)	/	2 )	/	18.23	*	365
=	1.2755					/	18.23	*	365
=	25.54

Nova Leap Health'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: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (1.123	+	1.194)	/	2 )	/	4.105	*	365 / 4
=	1.1585					/	4.105	*	365 / 4
=	25.75

Nova Leap Health Days Payable Related Terms

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

Nova Leap Health (Nova Leap Health) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Nova Leap Health Corp (OTCPK:NVLPF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NLH:Canada

Address

7071 Bayers Road, Suite 3006, Halifax, NS, CAN, B3L 2C2

Website

https://www.novaleaphealth.com

Nova Leap Health Corp operates in the healthcare industry. The company is a provider of personal home care and support services. The principal business activities of the company and its subsidiaries are to provide skilled and non-medical home care to clients. Its service offering includes meal preparation, housekeeping, transportation, personal care, and medication reminders. Its segments comprise Canadian and U.S operations. The company derives a majority of its revenue from the United States.