Inspiration Healthcare Group (LSE:IHC) Days Payable : 77.74 (As of Jul. 2023)

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What is Inspiration Healthcare Group Days Payable?

Inspiration Healthcare Group's average Accounts Payable for the six months ended in Jul. 2023 was £4.46 Mil. Inspiration Healthcare Group's Cost of Goods Sold for the six months ended in Jul. 2023 was £10.47 Mil. Hence, Inspiration Healthcare Group's Days Payable for the six months ended in Jul. 2023 was 77.74.

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

LSE:IHC' s Days Payable Range Over the Past 10 Years
Min: 34.17 Med: 67.03 Max: 92.27
Current: 89.1

During the past 13 years, Inspiration Healthcare Group's highest Days Payable was 92.27. The lowest was 34.17. And the median was 67.03.

LSE:IHC's Days Payable is ranked better than
58.78% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 72.905 vs LSE:IHC: 89.10

Inspiration Healthcare Group's Days Payable declined from Jul. 2022 (88.97) to Jul. 2023 (77.74). It may suggest that Inspiration Healthcare Group accelerated paying its suppliers.

Inspiration Healthcare Group Days Payable Historical Data

The historical data trend for Inspiration Healthcare Group'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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Inspiration Healthcare Group Days Payable Chart

Inspiration Healthcare Group Annual Data

Trend

Dec14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Days Payable

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62.74

71.45

87.68

92.27

60.06

Inspiration Healthcare Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23
Days Payable	Get a 7-Day Free Trial															110.39	75.77	88.97	88.55	77.74

Competitive Comparison of Inspiration Healthcare Group's Days Payable

For the Medical Devices subindustry, Inspiration Healthcare Group'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.

Inspiration Healthcare Group's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Inspiration Healthcare Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Inspiration Healthcare Group's Days Payable falls into.

Inspiration Healthcare Group 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.

Inspiration Healthcare Group's Days Payable for the fiscal year that ended in Jan. 2023 is calculated as

	Days Payable (A: Jan. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jan. 2022 )	+	Accounts Payable (A: Jan. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2023 )	*	Days in Period
=	( (3.534	+	4.081)	/	2 )	/	23.14	*	365
=	3.8075					/	23.14	*	365
=	60.06

Inspiration Healthcare Group's Days Payable for the quarter that ended in Jul. 2023 is calculated as:

	Days Payable (Q: Jul. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jan. 2023 )	+	Accounts Payable (Q: Jul. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jul. 2023 )	*	Days in Period
=	( (4.081	+	4.841)	/	2 )	/	10.472	*	365 / 2
=	4.461					/	10.472	*	365 / 2
=	77.74

Inspiration Healthcare Group Days Payable Related Terms

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Inspiration Healthcare Group (LSE:IHC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Inspiration Healthcare Group PLC (LSE:IHC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 7/8 Commerce Park, Commerce Way, Croydon, GBR, CR0 4YL

Website

https://www.inspirationhealthcaregroup.com

Inspiration Healthcare Group PLC supplies outcome-improving medical devices in the areas of neonatal intensive care and patient warming. It operates in the Critical Care Medical Devices segment which includes Critical Care, Operating Theatre, and Home Healthcare. The company derives the maximum of its revenue from the United Kingdom through the Critical Care market division.