SLHPF.PFD (Skylight Health Group) Days Payable: 13.31 (As of Jun. 2022) — 82% Below Median

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SLHPF.PFD Skylight Health Group Inc SLHPF.PFD
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What is Skylight Health Group Days Payable?

Skylight Health Group SLHPF.PFD 12 Days Payable is 13.31 as of Jun. 2022, which is 82% below its 10-year median of 72.96. GuruFocus rates SLHPF.PFD with a GF Score™ of 12/100. The stock has 4 warning signs investors should review.

Skylight Health Group's average Accounts Payable for the three months ended in Jun. 2022 was $1.38 Mil. Skylight Health Group's Cost of Goods Sold for the three months ended in Jun. 2022 was $9.46 Mil. Hence, Skylight Health Group's Days Payable for the three months ended in Jun. 2022 was 13.31.

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

SLHPF.PFD' s Days Payable Range Over the Past 10 Years
Min: 30.86   Med: 72.96   Max: 103.15
Current: 37.21

During the past 4 years, Skylight Health Group's highest Days Payable was 103.15. The lowest was 30.86. And the median was 72.96.

SLHPF.PFD's Days Payable is not ranked
in the Healthcare Providers & Services industry.
Industry Median: 57.48 vs SLHPF.PFD: 37.21

Skylight Health Group's Days Payable declined from Jun. 2021 (60.78) to Jun. 2022 (13.31). It may suggest that Skylight Health Group accelerated paying its suppliers.


Skylight Health Group Days Payable Historical Data

* Premium members only.

The historical data trend for Skylight Health 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.

Skylight Health Group Days Payable Chart

Skylight Health Group Annual Data
Trend Dec18 Dec19 Dec20 Dec21
Days Payable
0.00 103.15 702.65 30.87

Skylight Health Group Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
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 60.78 67.47 108.69 33.23 13.31

SLHPF.PFD vs HCA: Days Payable Comparison

For the Medical Care Facilities subindustry, Skylight Health 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.


Skylight Health Group Days Payable vs Healthcare Providers & Services Industry

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

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


SLHPF.PFD
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Skylight Health Group Inc SLHPF.PFD
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Skylight Health 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.

Skylight Health Group's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as

Days Payable (A: Dec. 2021 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2020 ) + Accounts Payable (A: Dec. 2021 )) / count ) / Cost of Goods Sold (A: Dec. 2021 )*Days in Period
=( (0.379 + 1.216) / 2 ) / 9.43*365
=0.7975 / 9.43*365
=30.87

Skylight Health Group's Days Payable for the quarter that ended in Jun. 2022 is calculated as:

Days Payable (Q: Jun. 2022 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2022 ) + Accounts Payable (Q: Jun. 2022 )) / count ) / Cost of Goods Sold (Q: Jun. 2022 )*Days in Period
=( (1.249 + 1.509) / 2 ) / 9.455*365 / 4
=1.379 / 9.455*365 / 4
=13.31

* 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 13.31 mean?
Skylight Health Group (SLHPF.PFD) has a Days Payable of 13.31 as of Jun. 2022. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Skylight Health Group and its competitors. This is 82% below median its historical median of 72.96. Over the past decade, Skylight Health Group's Days Payable has ranged from 30.86 to 103.15.
Is Skylight Health Group's Days Payable too high?
Skylight Health Group's current Days Payable of 13.31 is 82% below median its 10-year median of 72.96. Over the past 10 years, this metric has ranged from a low of 30.86 to a high of 103.15. The Healthcare Providers & Services industry median Days Payable is 57.48. Skylight Health Group's value of 13.31 is 76.8% below this industry median. Overall, Skylight Health Group has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Skylight Health Group's Days Payable compare to HCA?
Skylight Health Group's Days Payable of 13.31 can be compared against companies in the Healthcare Providers & Services industry. The industry median Days Payable is 57.48. Skylight Health Group's value of 13.31 is 76.8% below this benchmark. Historically, Skylight Health Group's own Days Payable has ranged from 30.86 to 103.15 over the past decade. While the company's 10-year median is 72.96 vs. the industry median of 57.48, Skylight Health Group has consistently been below the industry average. 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 57.48, based on 609 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. Skylight Health Group's current Days Payable of 13.31 is 76.8% below 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 Skylight Health Group and its competitors. For the Healthcare Providers & Services industry, the median Days Payable is 57.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Skylight Health Group's current Days Payable is 13.31, which is 82% below median its own 10-year median of 72.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Skylight Health Group stock overvalued right now?
Skylight Health Group (SLHPF.PFD) has a current Days Payable of 13.31. The current Days Payable is 13.31, which is 82% below median its 10-year median of 72.96 and 76.8% below the Healthcare Providers & Services industry median of 57.48. Skylight Health Group's overall GF Score™ is 12/100 with 4 warning signs to review. 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 Skylight Health Group (SLHPF.PFD), the current Days Payable is 13.31 as of Jun. 2022. 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.

Skylight Health Group Business Description

Address 5520 Explorer Drive, Suite 402, Mississauga, ON, CAN, L4W 5L1
Skylight Health Group Inc is a healthcare services and technology company, working to impact patient health outcomes. The company operates a US multi-state health network that comprises physical multi-disciplinary medical clinics providing a range of services from primary care, subspecialty, allied health and diagnostic testing.
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