NVOS (Novo Integrated Sciences) Days Payable: 122.79 (As of May. 2024)


NVOS Novo Integrated Sciences Inc NVOS
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What is Novo Integrated Sciences Days Payable?

Novo Integrated Sciences NVOS 12 Days Payable is 122.79 as of May. 2024. GuruFocus rates NVOS with a GF Score™ of 12/100.

Novo Integrated Sciences's average Accounts Payable for the three months ended in May. 2024 was $3.03 Mil. Novo Integrated Sciences's Cost of Goods Sold for the three months ended in May. 2024 was $2.26 Mil. Hence, Novo Integrated Sciences's Days Payable for the three months ended in May. 2024 was 122.79.

The historical rank and industry rank for Novo Integrated Sciences's Days Payable or its related term are showing as below:

NVOS's Days Payable is not ranked *
in the Healthcare Providers & Services industry.
Industry Median: 58.08
* Ranked among companies with meaningful Days Payable only.

Novo Integrated Sciences's Days Payable increased from May. 2023 (90.74) to May. 2024 (122.79). It may suggest that Novo Integrated Sciences delayed paying its suppliers.

Novo Integrated Sciences Days Payable Historical Data

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The historical data trend for Novo Integrated Sciences'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.

Novo Integrated Sciences Days Payable Chart

Novo Integrated Sciences Annual Data
Trend Dec14 Dec15 Dec16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 75.84 77.10 77.70 85.48 127.29

Novo Integrated Sciences Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24
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 Premium Member Only Premium Member Only Premium Member Only 90.74 103.93 162.11 137.79 122.79

NVOS vs BACK, NHLG, FCHS: Days Payable Comparison

For the Medical Care Facilities subindustry, Novo Integrated Sciences'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.

Novo Integrated Sciences Days Payable vs Healthcare Providers & Services Industry

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

* The bar in red indicates where Novo Integrated Sciences's Days Payable falls into.


NVOS
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Novo Integrated Sciences Inc NVOS
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Novo Integrated Sciences 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.

Novo Integrated Sciences's Days Payable for the fiscal year that ended in Aug. 2023 is calculated as

Days Payable (A: Aug. 2023 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Aug. 2022 ) + Accounts Payable (A: Aug. 2023 )) / count ) / Cost of Goods Sold (A: Aug. 2023 )*Days in Period
=( (1.8 + 3.514) / 2 ) / 7.619*365
=2.657 / 7.619*365
=127.29

Novo Integrated Sciences's Days Payable for the quarter that ended in May. 2024 is calculated as:

Days Payable (Q: May. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Feb. 2024 ) + Accounts Payable (Q: May. 2024 )) / count ) / Cost of Goods Sold (Q: May. 2024 )*Days in Period
=( (2.174 + 3.895) / 2 ) / 2.255*365 / 4
=3.0345 / 2.255*365 / 4
=122.79

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 122.79 mean?
Novo Integrated Sciences (NVOS) has a Days Payable of 122.79 as of May. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Novo Integrated Sciences and its competitors.
Is Novo Integrated Sciences' Days Payable too high?
Novo Integrated Sciences' current Days Payable is 122.79. The Healthcare Providers & Services industry median Days Payable is 58.08. Novo Integrated Sciences' value of 122.79 is 111.4% above this industry median. Overall, Novo Integrated Sciences has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Novo Integrated Sciences' Days Payable compare to BACK and NHLG?
Novo Integrated Sciences' Days Payable of 122.79 can be compared against companies in the Healthcare Providers & Services industry. The industry median Days Payable is 58.08. Novo Integrated Sciences' value of 122.79 is 111.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Healthcare Providers & Services company?
The median Days Payable among Healthcare Providers & Services companies is 58.08, based on 608 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Novo Integrated Sciences's current Days Payable of 122.79 is 111.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Novo Integrated Sciences and its competitors. For the Healthcare Providers & Services industry, the median Days Payable is 58.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Novo Integrated Sciences's current Days Payable is 122.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Novo Integrated Sciences stock overvalued right now?
Novo Integrated Sciences (NVOS) has a current Days Payable of 122.79. The current Days Payable is 122.79 and 111.4% above the Healthcare Providers & Services industry median of 58.08. Novo Integrated Sciences' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Novo Integrated Sciences (NVOS), the current Days Payable is 122.79 as of May. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Novo Integrated Sciences Business Description

Address 11120 NE 2nd Street, Suite 100, Bellevue, WA, USA, 98004
Novo Integrated Sciences Inc is a medical care company. It provides specialized physiotherapy, chiropractic care, occupational therapy, eldercare, laser therapeutics, massage therapy, acupuncture, neurological functions, kinesiology, and others. It has two reportable segments: healthcare services and product sales. Healthcare services generate the majority of revenue.
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