Rainbow Childrens Medicare (BOM:543524) Days Payable : 161.09 (As of Dec. 2023)

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What is Rainbow Childrens Medicare Days Payable?

Rainbow Childrens Medicare's average Accounts Payable for the three months ended in Dec. 2023 was ₹754 Mil. Rainbow Childrens Medicare's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹427 Mil. Hence, Rainbow Childrens Medicare's Days Payable for the three months ended in Dec. 2023 was 161.09.

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

BOM:543524' s Days Payable Range Over the Past 10 Years
Min: 110.68 Med: 175.73 Max: 197.76
Current: 173.76

During the past 5 years, Rainbow Childrens Medicare's highest Days Payable was 197.76. The lowest was 110.68. And the median was 175.73.

BOM:543524's Days Payable is ranked better than
81.22% of 591 companies
in the Healthcare Providers & Services industry
Industry Median: 61.63 vs BOM:543524: 173.76

Rainbow Childrens Medicare's Days Payable declined from Dec. 2022 (175.35) to Dec. 2023 (161.09). It may suggest that Rainbow Childrens Medicare accelerated paying its suppliers.

Rainbow Childrens Medicare Days Payable Historical Data

The historical data trend for Rainbow Childrens Medicare'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.

Rainbow Childrens Medicare Days Payable Chart

Rainbow Childrens Medicare Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

196.74

175.73

197.76

110.68

171.64

Rainbow Childrens Medicare Quarterly Data
	Mar19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial										175.35	180.40	200.76	162.81	161.09

Competitive Comparison of Rainbow Childrens Medicare's Days Payable

For the Medical Care Facilities subindustry, Rainbow Childrens Medicare'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.

Rainbow Childrens Medicare's Days Payable Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Rainbow Childrens Medicare's Days Payable falls into.

Rainbow Childrens Medicare 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.

Rainbow Childrens Medicare'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
=	( (643.74	+	844.84)	/	2 )	/	1582.78	*	365
=	744.29					/	1582.78	*	365
=	171.64

Rainbow Childrens Medicare'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
=	( (753.74	+	0)	/	1 )	/	426.97	*	365 / 4
=	753.74					/	426.97	*	365 / 4
=	161.09

Rainbow Childrens Medicare Days Payable Related Terms

Thank you for viewing the detailed overview of Rainbow Childrens Medicare's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Rainbow Childrens Medicare (BOM:543524) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Rainbow Childrens Medicare Ltd (BOM:543524) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RAINBOW:India

Address

Road No. 2, Banjara Hills, 8-2-120/103/1, Survey No. 403, Hyderabad, TG, IND, 500034

Website

https://www.rainbowhospitals.in

Rainbow Childrens Medicare Ltd operates a multi-specialty pediatric, obstetrics, and gynecology hospital chain in India. The company offers a wide range of services such as newborn and pediatric intensive care, pediatric multi-specialty services, pediatric quaternary care, obstetrics, and gynecology, which includes normal and complex obstetric care, and multidisciplinary fetal care, perinatal genetic and fertility care.

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