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PACS Group (PACS Group) Days Sales Outstanding : 57.14 (As of Mar. 2024)


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What is PACS Group Days Sales Outstanding?

PACS Group's average Accounts Receivable for the three months ended in Mar. 2024 was $585.3 Mil. PACS Group's Revenue for the three months ended in Mar. 2024 was $934.7 Mil. Hence, PACS Group's Days Sales Outstanding for the three months ended in Mar. 2024 was 57.14.

The historical rank and industry rank for PACS Group's Days Sales Outstanding or its related term are showing as below:

PACS' s Days Sales Outstanding Range Over the Past 10 Years
Min: 53.89   Med: 54.9   Max: 228.54
Current: 228.54

During the past 3 years, PACS Group's highest Days Sales Outstanding was 228.54. The lowest was 53.89. And the median was 54.90.

PACS's Days Sales Outstanding is ranked worse than
95.48% of 641 companies
in the Healthcare Providers & Services industry
Industry Median: 46.87 vs PACS: 228.54

PACS Group's Days Sales Outstanding increased from Dec. 2021 (0.00) to Mar. 2024 (57.14).

PACS Group Days Sales Outstanding Historical Data

The historical data trend for PACS Group's Days Sales Outstanding 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.

* Premium members only.

PACS Group Days Sales Outstanding Chart

PACS Group Annual Data
Trend Dec21 Dec22 Dec23
Days Sales Outstanding
- 55.90 53.89

PACS Group Quarterly Data
Dec21 Dec22 Mar23 Dec23 Mar24
Days Sales Outstanding - - 47.78 - 57.14

Competitive Comparison of PACS Group's Days Sales Outstanding

For the Medical Care Facilities subindustry, PACS Group's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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.

PACS Group's Days Sales Outstanding Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, PACS Group's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where PACS Group's Days Sales Outstanding falls into.


PACS Group Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

PACS Group's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

Days Sales Outstanding (A: Dec. 2023 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Dec. 2022 ) + Accounts Receivable (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )*Days in Period
=( (370.924 + 547.807) / 2 ) / 3111.492*365
=459.3655 / 3111.492*365
=53.89

PACS Group's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

Days Sales Outstanding (Q: Mar. 2024 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Dec. 2023 ) + Accounts Receivable (A: Mar. 2024 )) / count ) / Revenue (A: Mar. 2024 )*Days in Period
=( (547.807 + 622.737) / 2 ) / 934.721*365 / 4
=585.272 / 934.721*365 / 4
=57.14

* 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.

PACS Group  (NYSE:PACS) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

PACS Group Days Sales Outstanding Related Terms

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PACS Group (PACS Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » PACS Group Inc (NYSE:PACS) » Definitions » Days Sales Outstanding
Comparable Companies
Traded in Other Exchanges
N/A
Address
262 N. University Avenue, Farmington, UT, USA, 84025
Website
https://www.pacs.com
PACS Group Inc is a post-acute healthcare company primarily focused on delivering high-quality skilled nursing care through a portfolio of independently operated facilities Its is a nursing providers in the United States based on number of facilities, with over 200 post-acute care facilities across nine states serving over 20,000 patients daily. It also provide senior care, assisted living, and independent living options in some of communities.

PACS Group (PACS Group) Headlines

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