SYRA (Syra Health) Days Payable : 20.52 (As of Sep. 2024)

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What is Syra Health Days Payable?

Syra Health's average Accounts Payable for the three months ended in Sep. 2024 was $0.36 Mil. Syra Health's Cost of Goods Sold for the three months ended in Sep. 2024 was $1.59 Mil. Hence, Syra Health's Days Payable for the three months ended in Sep. 2024 was 20.52.

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

SYRA' s Days Payable Range Over the Past 10 Years
Min: 22.51 Med: 39.99 Max: 46.93
Current: 33.99

During the past 4 years, Syra Health's highest Days Payable was 46.93. The lowest was 22.51. And the median was 39.99.

SYRA's Days Payable is ranked worse than
70.99% of 593 companies
in the Healthcare Providers & Services industry
Industry Median: 57.56 vs SYRA: 33.99

Syra Health's Days Payable declined from Sep. 2023 (71.73) to Sep. 2024 (20.52). It may suggest that Syra Health accelerated paying its suppliers.

Syra Health Days Payable Historical Data

The historical data trend for Syra 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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Syra Health Days Payable Chart

Syra Health Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

46.93

22.51

39.99

Syra Health Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial							71.73	54.60	32.17	32.28	20.52

Competitive Comparison of Syra Health's Days Payable

For the Medical Care Facilities subindustry, Syra 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.

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

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

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

Syra 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.

Syra Health'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
=	( (0.436	+	0.463)	/	2 )	/	4.103	*	365
=	0.4495					/	4.103	*	365
=	39.99

Syra Health's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0.5	+	0.213)	/	2 )	/	1.585	*	365 / 4
=	0.3565					/	1.585	*	365 / 4
=	20.52

Syra Health Days Payable Related Terms

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Syra Health Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Syra Health Corp (NAS:SYRA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1119 Keystone Way North, No. 201, Carmel, IN, USA, 46032

Website

https://www.syrahealth.com

Syra Health Corp is a healthcare services company promoting preventative health, holistic wellness, health education, and equitable healthcare for all patient demographics. The company leverages deep scientific and healthcare expertise to create strategic frameworks and develop patient-centric solutions for the betterment of patient lives and health outcome linked to developing a healthier population. It strives to offer comprehensive end-to-end solutions in health education services, population health management, behavioral and mental health, healthcare workforce and digital health.

Executives

Priya Prasad	officer: CFO and COO	1119 KEYSTONE WAY N., #201, CARMEL IN 46032
Sandeep Allam	director, officer: President and Chair	1119 KEYSTONE WAY N., #201, CARMEL IN 46032
Feroz Syed	10 percent owner	1119 KEYSTONE WAY N., #201, CARMEL IN 46032
Deepika Vuppalanchi	director, officer: Chief Executive Officer	1119 KEYSTONE WAY N., #201, CARMEL IN 46032
Vijayapal Reddy	director	1119 KEYSTONE WAY N., #201, CARMEL IN 46032
Avutu Reddy	director	1119 KEYSTONE WAY N., #201, CARMEL IN 46032
Ketan Paranjape	director	1119 KEYSTONE WAY N., #201, CARMEL IN 46032
Andrew Dahlem	director	1119 KEYSTONE WAY N., #201, CARMEL IN 46032
Sherron Rogers	director	1119 KEYSTONE WAY N., #201, CARMEL IN 46032
Joe D Thomas	10 percent owner	2046 EAST MURRAY-HOLIDAY ROAD, SALT LAKE CITY UT 84117
Sls Group Llc	10 percent owner	6582 S BIG COTTONWOOD CANYON RD. #200, SALT LAKE CITY UT 84121