Vitalhub (TSX:VHI) Days Payable : 70.81 (As of Dec. 2023)

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What is Vitalhub Days Payable?

Vitalhub's average Accounts Payable for the three months ended in Dec. 2023 was C$1.83 Mil. Vitalhub's Cost of Goods Sold for the three months ended in Dec. 2023 was C$2.36 Mil. Hence, Vitalhub's Days Payable for the three months ended in Dec. 2023 was 70.81.

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

TSX:VHI' s Days Payable Range Over the Past 10 Years
Min: 76.08 Med: 136.24 Max: 4015
Current: 76.08

During the past 9 years, Vitalhub's highest Days Payable was 4015.00. The lowest was 76.08. And the median was 136.24.

TSX:VHI's Days Payable is ranked better than
59.52% of 588 companies
in the Healthcare Providers & Services industry
Industry Median: 61.605 vs TSX:VHI: 76.08

Vitalhub's Days Payable declined from Dec. 2022 (84.79) to Dec. 2023 (70.81). It may suggest that Vitalhub accelerated paying its suppliers.

Vitalhub Days Payable Historical Data

The historical data trend for Vitalhub'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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Vitalhub Days Payable Chart

Vitalhub Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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119.38

138.58

113.93

101.99

78.04

Vitalhub Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															84.79	81.49	84.82	62.68	70.81

Competitive Comparison of Vitalhub's Days Payable

For the Health Information Services subindustry, Vitalhub'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.

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

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

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

Vitalhub 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.

Vitalhub'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
=	( (2.121	+	2.026)	/	2 )	/	9.698	*	365
=	2.0735					/	9.698	*	365
=	78.04

Vitalhub's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.643	+	2.026)	/	2 )	/	2.364	*	365 / 4
=	1.8345					/	2.364	*	365 / 4
=	70.81

Vitalhub Days Payable Related Terms

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Vitalhub (TSX:VHI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Vitalhub Corp (TSX:VHI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

VHIBF:USA 6OVA:Germany

Address

480 University Avenue, Suite 1001, Toronto, ON, CAN, M5G 1V2

Website

https://www.vitalhub.com

Vitalhub Corp provides technology to Health and Human Service providers including Hospitals, Regional Health Authorities, Mental Health, Long Term Care, Home Health, and Community and Social Services. Vitalhub solutions span the categories of Electronic Health Records (EHR), Case Management, Care Coordination, Patient Flow and Operational Visibility, and Mobile Apps. It operates in one segment for its operations related to healthcare information systems in the mental health, long-term care, community health service, and hospital sectors. Geographically it's available in Canada, the United Kingdom, Australia, the USA, Western Asia, and the Rest of the world, and the majority of the revenue comes from the United Kingdom.