Fortis Malar Hospitals (BOM:523696) Days Payable : 559.68 (As of Dec. 2023)

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What is Fortis Malar Hospitals Days Payable?

Fortis Malar Hospitals's average Accounts Payable for the three months ended in Dec. 2023 was ₹180.4 Mil. Fortis Malar Hospitals's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹29.4 Mil. Hence, Fortis Malar Hospitals's Days Payable for the three months ended in Dec. 2023 was 559.68.

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

BOM:523696' s Days Payable Range Over the Past 10 Years
Min: 142.73 Med: 231.71 Max: 571.74
Current: 571.74

During the past 13 years, Fortis Malar Hospitals's highest Days Payable was 571.74. The lowest was 142.73. And the median was 231.71.

BOM:523696's Days Payable is ranked better than
93.9% of 590 companies
in the Healthcare Providers & Services industry
Industry Median: 61.875 vs BOM:523696: 571.74

Fortis Malar Hospitals's Days Payable declined from Dec. 2022 (721.76) to Dec. 2023 (559.68). It may suggest that Fortis Malar Hospitals accelerated paying its suppliers.

Fortis Malar Hospitals Days Payable Historical Data

The historical data trend for Fortis Malar Hospitals'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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Fortis Malar Hospitals Days Payable Chart

Fortis Malar Hospitals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

242.73

318.02

362.96

319.79

471.39

Fortis Malar Hospitals 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															721.76	324.57	795.19	702.39	559.68

Competitive Comparison of Fortis Malar Hospitals's Days Payable

For the Medical Care Facilities subindustry, Fortis Malar Hospitals'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.

Fortis Malar Hospitals's Days Payable Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Fortis Malar Hospitals's Days Payable falls into.

Fortis Malar Hospitals 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.

Fortis Malar Hospitals's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (200.014	+	202.732)	/	2 )	/	155.923	*	365
=	201.373					/	155.923	*	365
=	471.39

Fortis Malar Hospitals'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
=	( (180.381	+	0)	/	1 )	/	29.409	*	365 / 4
=	180.381					/	29.409	*	365 / 4
=	559.68

Fortis Malar Hospitals Days Payable Related Terms

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Fortis Malar Hospitals (BOM:523696) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Fortis Malar Hospitals Ltd (BOM:523696) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Fortis Hospital, Sector 62, Phase VIII, Mohali, PB, IND, 160062

Website

https://www.fortismalar.com

Fortis Malar Hospitals Ltd is an India-based company engaged in the provision of healthcare services. It focuses on providing medical care in the areas of cardiology and cardiac surgery, neurosurgery, gynecology, orthopedics, gastroenterology, neurology, pediatrics, diabetics, nephrology, and internal medicine. The company provides healthcare services in various branches of medicine such as general surgery, general medicine, pediatrics, neurology, cardiology, ophthalmology, radiology, pathology, gastroenterology, urology, thoracic surgery, plastic surgery, and other allied specialties.

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