NexgenRx (TSXV:NXG) Days Payable : 130.58 (As of Dec. 2023)

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What is NexgenRx Days Payable?

NexgenRx's average Accounts Payable for the three months ended in Dec. 2023 was C$1.18 Mil. NexgenRx's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.83 Mil. Hence, NexgenRx's Days Payable for the three months ended in Dec. 2023 was 130.58.

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

TSXV:NXG' s Days Payable Range Over the Past 10 Years
Min: 126.81 Med: 206.26 Max: 350.23
Current: 126.81

During the past 13 years, NexgenRx's highest Days Payable was 350.23. The lowest was 126.81. And the median was 206.26.

TSXV:NXG's Days Payable is ranked better than
87.5% of 16 companies
in the Healthcare Plans industry
Industry Median: 35.725 vs TSXV:NXG: 126.81

NexgenRx's Days Payable increased from Dec. 2022 (105.87) to Dec. 2023 (130.58). It may suggest that NexgenRx delayed paying its suppliers.

NexgenRx Days Payable Historical Data

The historical data trend for NexgenRx'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.

* Premium members only.

NexgenRx Days Payable Chart

NexgenRx Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

350.23

270.50

206.26

164.10

126.89

NexgenRx 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															105.87	117.67	-	-	130.58

Competitive Comparison of NexgenRx's Days Payable

For the Healthcare Plans subindustry, NexgenRx'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.

NexgenRx's Days Payable Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, NexgenRx's Days Payable distribution charts can be found below:

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

NexgenRx 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.

NexgenRx'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
=	( (0.922	+	1.182)	/	2 )	/	3.026	*	365
=	1.052					/	3.026	*	365
=	126.89

NexgenRx'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
=	( (0	+	1.182)	/	1 )	/	0.826	*	365 / 4
=	1.182					/	0.826	*	365 / 4
=	130.58

NexgenRx Days Payable Related Terms

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NexgenRx (TSXV:NXG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » NexgenRx Inc (TSXV:NXG) » Definitions » Days Payable

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NEGXF:USA

Address

191 The West Mall, Suite 905, Toronto, ON, CAN, M9C 5L6

Website

http://www.nexgenrx.com

NexgenRx Inc administers, adjudicates and pays drug, dental and other extended health-care claims for the beneficiaries of health benefit plans underwritten by its customers using proprietary computer software and provides ancillary services. Some of the products and services of the company are Dental Claims, Prescription Drug Claims and many more.