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Fortis Healthcare (BOM:532843) Days Payable : 97.33 (As of Dec. 2023)


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What is Fortis Healthcare Days Payable?

Fortis Healthcare's average Accounts Payable for the three months ended in Dec. 2023 was ₹8,068 Mil. Fortis Healthcare's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹7,564 Mil. Hence, Fortis Healthcare's Days Payable for the three months ended in Dec. 2023 was 97.33.

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

BOM:532843' s Days Payable Range Over the Past 10 Years
Min: 87.59   Med: 104.13   Max: 202.03
Current: 87.81

During the past 13 years, Fortis Healthcare's highest Days Payable was 202.03. The lowest was 87.59. And the median was 104.13.

BOM:532843's Days Payable is ranked better than
63.56% of 590 companies
in the Healthcare Providers & Services industry
Industry Median: 61.605 vs BOM:532843: 87.81

Fortis Healthcare's Days Payable increased from Dec. 2022 (94.33) to Dec. 2023 (97.33). It may suggest that Fortis Healthcare delayed paying its suppliers.


Fortis Healthcare Days Payable Historical Data

The historical data trend for Fortis Healthcare'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.

Fortis Healthcare Days Payable Chart

Fortis Healthcare Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 128.26 121.95 202.03 87.59 88.40

Fortis Healthcare 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 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 Premium Member Only Premium Member Only 94.33 81.77 86.67 93.63 97.33

Competitive Comparison of Fortis Healthcare's Days Payable

For the Medical Care Facilities subindustry, Fortis Healthcare'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 Healthcare's Days Payable Distribution in the Healthcare Providers & Services Industry

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

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



Fortis Healthcare 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 Healthcare'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
=( (6609.25 + 7142.869) / 2 ) / 28390.241*365
=6876.0595 / 28390.241*365
=88.40

Fortis Healthcare'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
=( (8068.3 + 0) / 1 ) / 7564.2*365 / 4
=8068.3 / 7564.2*365 / 4
=97.33

* 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.


Fortis Healthcare Days Payable Related Terms

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Fortis Healthcare (BOM:532843) Business Description

Traded in Other Exchanges
Address
Tower - A, Unitech Business Park, Block - F, South City 1, Sector - 41, Gurugram, HR, IND, 122001
Fortis Healthcare Ltd provides integrated healthcare delivery services in India. The company manages healthcare centers including hospitals, diagnostics, and day care specialty facilities. The company's most prominent specialty in its hospital business is cardiac sciences. The Company is primarily engaged in the business of healthcare services which is the only reportable segment. The company's key hospitals include Fortis Escorts Heart Institute in Dehli, Fortis Mulund in Mumbai, and Fortis Hospital in Bengaluru. A majority of the company's revenue is derived from India.

Fortis Healthcare (BOM:532843) Headlines

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