CareSpan Health (TSXV:CSPN) Days Payable: 788.88 (As of Jun. 2025)


What is CareSpan Health Days Payable?

CareSpan Health TSXV:CSPN Days Payable is 788.88 as of Jun. 2025.

CareSpan Health's average Accounts Payable for the three months ended in Jun. 2025 was C$1.55 Mil. CareSpan Health's Cost of Goods Sold for the three months ended in Jun. 2025 was C$0.18 Mil. Hence, CareSpan Health's Days Payable for the three months ended in Jun. 2025 was 788.88.

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

TSXV:CSPN's Days Payable is not ranked *
in the Healthcare Providers & Services industry.
Industry Median: 57.755
* Ranked among companies with meaningful Days Payable only.

CareSpan Health's Days Payable increased from Jun. 2024 (512.65) to Jun. 2025 (788.88). It may suggest that CareSpan Health delayed paying its suppliers.

CareSpan Health Days Payable Historical Data

* Premium members only.

The historical data trend for CareSpan 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.

CareSpan Health Days Payable Chart

CareSpan Health Annual Data
Trend Dec21 Dec22 Dec23 Dec24
Days Payable
186.56 189.49 229.21 686.69

CareSpan Health Quarterly Data
Sep20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25
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 512.65 1,203.17 872.42 751.26 788.88

TSXV:CSPN vs VEEV, GEHC, DOCS: Days Payable Comparison

For the Health Information Services subindustry, CareSpan 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.

CareSpan Health Days Payable vs Healthcare Providers & Services Industry

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

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


CareSpan 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.

CareSpan Health's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

Days Payable (A: Dec. 2024 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2023 ) + Accounts Payable (A: Dec. 2024 )) / count ) / Cost of Goods Sold (A: Dec. 2024 )*Days in Period
=( (1.245 + 1.577) / 2 ) / 0.75*365
=1.411 / 0.75*365
=686.69

CareSpan Health's Days Payable for the quarter that ended in Jun. 2025 is calculated as:

Days Payable (Q: Jun. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2025 ) + Accounts Payable (Q: Jun. 2025 )) / count ) / Cost of Goods Sold (Q: Jun. 2025 )*Days in Period
=( (1.568 + 1.527) / 2 ) / 0.179*365 / 4
=1.5475 / 0.179*365 / 4
=788.88

* 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 788.88 mean?
CareSpan Health (TSXV:CSPN) has a Days Payable of 788.88 as of Jun. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on CareSpan Health and its competitors.
Is CareSpan Health's Days Payable too high?
CareSpan Health's current Days Payable is 788.88. The Healthcare Providers & Services industry median Days Payable is 57.76. CareSpan Health's value of 788.88 is 1265.9% above this industry median.
How does CareSpan Health's Days Payable compare to VEEV and GEHC?
CareSpan Health's Days Payable of 788.88 can be compared against companies in the Healthcare Providers & Services industry. The industry median Days Payable is 57.76. CareSpan Health's value of 788.88 is 1265.9% 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 57.76, based on 606 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. CareSpan Health's current Days Payable of 788.88 is 1265.9% 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 CareSpan Health and its competitors. For the Healthcare Providers & Services industry, the median Days Payable is 57.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CareSpan Health's current Days Payable is 788.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CareSpan Health stock overvalued right now?
CareSpan Health (TSXV:CSPN) has a current Days Payable of 788.88. The current Days Payable is 788.88 and 1265.9% above the Healthcare Providers & Services industry median of 57.76. 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 CareSpan Health (TSXV:CSPN), the current Days Payable is 788.88 as of Jun. 2025. 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.

CareSpan Health Business Description

Address 105 East 34th Street, New York, NY, USA, 10016
CareSpan Health Inc is engaged in providing a digital care platform that integrates digital care tools, capabilities, and data in one place. Its platform enables its provider networks with an integrated digital care platform and business support services, that address the shortage in primary and urgent care, as well as behavioral and mental health.