Netcare (STU:NH7) Days Payable : 69.09 (As of Mar. 2024)

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What is Netcare Days Payable?

Netcare's average Accounts Payable for the six months ended in Mar. 2024 was €112 Mil. Netcare's Cost of Goods Sold for the six months ended in Mar. 2024 was €297 Mil. Hence, Netcare's Days Payable for the six months ended in Mar. 2024 was 69.09.

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

STU:NH7' s Days Payable Range Over the Past 10 Years
Min: 36.1 Med: 48.36 Max: 147.36
Current: 79.76

During the past 13 years, Netcare's highest Days Payable was 147.36. The lowest was 36.10. And the median was 48.36.

STU:NH7's Days Payable is ranked better than
60.95% of 589 companies
in the Healthcare Providers & Services industry
Industry Median: 62.09 vs STU:NH7: 79.76

Netcare's Days Payable declined from Mar. 2023 (77.47) to Mar. 2024 (69.09). It may suggest that Netcare accelerated paying its suppliers.

Netcare Days Payable Historical Data

The historical data trend for Netcare'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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Netcare Days Payable Chart

Netcare Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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42.11

49.36

33.80

39.78

43.22

Netcare Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial															69.73	70.55	77.47	71.82	69.09

Competitive Comparison of Netcare's Days Payable

For the Medical Care Facilities subindustry, Netcare'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.

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

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

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

Netcare 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.

Netcare's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (75.987	+	63.683)	/	2 )	/	589.748	*	365
=	69.835					/	589.748	*	365
=	43.22

Netcare'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: Sep. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (63.683	+	160.982)	/	2 )	/	296.728	*	365 / 2
=	112.3325					/	296.728	*	365 / 2
=	69.09

Netcare Days Payable Related Terms

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

Netcare (STU:NH7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Netcare Ltd (STU:NH7) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NTCP.PFD:South Africa NTC:South Africa

Address

76 Maude Street, Corner West Street, Sandton, Johannesburg, GT, ZAF, 2196

Website

https://www.netcare.co.za

Netcare Ltd operates a network of hospitals in South Africa. Its network also includes emergency, cancer care, diagnostic support, primary care, and renal care services as well as occupational health and wellness services. The firm operates in two segments: Hospital and emergency services and Primary Care. The Hospital and emergency services segment contributes to majority of the firm's revenue. Netcare's services include Netcare appointmed TM, Netcare Cancer Care, Netcare Family Connect Line, Netcare Occupational Health and Netcare Pharmacy.

Netcare (STU:NH7) Headlines

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