Cloud DX (TSXV:CDX.H) Days Payable: 3,641.25 (As of Sep. 2024)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSXV:CDX.H Cloud DX Inc TSXV:CDX.H
31 GF Score
Price C$0.13
View Full Analysis

What is Cloud DX Days Payable?

Cloud DX TSXV:CDX.H 31 Days Payable is 3,641.25 as of Sep. 2024. GuruFocus rates TSXV:CDX.H with a GF Score™ of 31/100.

Cloud DX's average Accounts Payable for the three months ended in Sep. 2024 was C$5.83 Mil. Cloud DX's Cost of Goods Sold for the three months ended in Sep. 2024 was C$0.15 Mil. Hence, Cloud DX's Days Payable for the three months ended in Sep. 2024 was 3,641.25.

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

TSXV:CDX.H's Days Payable is not ranked *
in the Healthcare Providers & Services industry.
Industry Median: 57.48
* Ranked among companies with meaningful Days Payable only.

Cloud DX's Days Payable declined from Sep. 2023 (6,078.70) to Sep. 2024 (3,641.25). It may suggest that Cloud DX accelerated paying its suppliers.


Cloud DX Days Payable Historical Data

* Premium members only.

The historical data trend for Cloud DX'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.

Cloud DX Days Payable Chart

Cloud DX Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
0.00 641.86 1,157.44 1,632.13 2,707.14

Cloud DX Quarterly Data
Dec19 Mar20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 6,078.70 1,979.32 10,911.58 53,082.15 3,641.25

TSXV:CDX.H vs GEHC, VEEV, HQY: Days Payable Comparison

For the Health Information Services subindustry, Cloud DX'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.


Cloud DX Days Payable vs Healthcare Providers & Services Industry

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

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


TSXV:CDX.H
31GF Score
Cloud DX Inc TSXV:CDX.H
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cloud DX 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.

Cloud DX'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
=( (3.491 + 4.356) / 2 ) / 0.529*365
=3.9235 / 0.529*365
=2,707.14

Cloud DX'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
=( (5.739 + 5.913) / 2 ) / 0.146*365 / 4
=5.826 / 0.146*365 / 4
=3,641.25

* 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 3,641.25 mean?
Cloud DX (TSXV:CDX.H) has a Days Payable of 3,641.25 as of Sep. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Cloud DX and its competitors.
Is Cloud DX's Days Payable too high?
Cloud DX's current Days Payable is 3,641.25. The Healthcare Providers & Services industry median Days Payable is 57.48. Cloud DX's value of 3,641.25 is 6234.8% above this industry median. Overall, Cloud DX has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Cloud DX's Days Payable compare to GEHC and VEEV?
Cloud DX's Days Payable of 3,641.25 can be compared against companies in the Healthcare Providers & Services industry. The industry median Days Payable is 57.48. Cloud DX's value of 3,641.25 is 6234.8% 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 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. Cloud DX's current Days Payable of 3,641.25 is 6234.8% 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 Cloud DX 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. Cloud DX's current Days Payable is 3,641.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cloud DX stock overvalued right now?
Cloud DX (TSXV:CDX.H) has a current Days Payable of 3,641.25. The current Days Payable is 3,641.25 and 6234.8% above the Healthcare Providers & Services industry median of 57.48. Cloud DX's overall GF Score™ is 31/100. 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 Cloud DX (TSXV:CDX.H), the current Days Payable is 3,641.25 as of Sep. 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.

Cloud DX Business Description

Address 72 Victoria Street South, Kitchener, ON, CAN, N2G 4Y9
Cloud DX Inc provides a digital and virtual healthcare platform called Cloud DX Connected Health. It is used by private hospitals, public hospitals, and healthcare organizations across North America to provide patient remote monitoring, enable aging in place, and deliver hospital-quality post-surgical care. The platform helps to reduce the need for hospitalization and manage the costs of healthcare delivery through more efficient use of resources. Geographically, the company generates a majority of its revenue from Canada and the rest from the United States.
31GF Score

Get the complete analysis for TSXV:CDX.H

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$0.13
Price