InnovAge Holding (InnovAge Holding) Days Payable : 29.17 (As of Dec. 2023)

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What is InnovAge Holding Days Payable?

InnovAge Holding's average Accounts Payable for the three months ended in Dec. 2023 was $49.6 Mil. InnovAge Holding's Cost of Goods Sold for the three months ended in Dec. 2023 was $155.3 Mil. Hence, InnovAge Holding's Days Payable for the three months ended in Dec. 2023 was 29.17.

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

INNV' s Days Payable Range Over the Past 10 Years
Min: 24.1 Med: 26.87 Max: 32.81
Current: 30.48

During the past 5 years, InnovAge Holding's highest Days Payable was 32.81. The lowest was 24.10. And the median was 26.87.

INNV's Days Payable is ranked worse than
74.79% of 591 companies
in the Healthcare Providers & Services industry
Industry Median: 61.52 vs INNV: 30.48

InnovAge Holding's Days Payable declined from Dec. 2022 (31.42) to Dec. 2023 (29.17). It may suggest that InnovAge Holding accelerated paying its suppliers.

InnovAge Holding Days Payable Historical Data

The historical data trend for InnovAge Holding'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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InnovAge Holding Days Payable Chart

InnovAge Holding Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

31.21

25.38

24.10

26.87

32.81

InnovAge Holding Quarterly Data
	Jun19	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													31.42	30.82	31.71	30.06	29.17

Competitive Comparison of InnovAge Holding's Days Payable

For the Medical Care Facilities subindustry, InnovAge Holding'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.

InnovAge Holding's Days Payable Distribution in the Healthcare Providers & Services Industry

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

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

InnovAge Holding 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.

InnovAge Holding's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (50.562	+	54.935)	/	2 )	/	586.799	*	365
=	52.7485					/	586.799	*	365
=	32.81

InnovAge Holding'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
=	( (46.923	+	52.372)	/	2 )	/	155.285	*	365 / 4
=	49.6475					/	155.285	*	365 / 4
=	29.17

InnovAge Holding Days Payable Related Terms

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InnovAge Holding (InnovAge Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » InnovAge Holding Corp (NAS:INNV) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

8950 East Lowry Boulevard, Denver, CO, USA, 80230

Website

https://www.innovage.com

InnovAge Holding Corp is a healthcare delivery platform by several participants focused on providing all-inclusive, capitated care to high-cost, dual-eligible seniors. Its patient-centered care delivery approach improves the quality of care while keeping them in their homes and reducing over-utilization of high-cost care settings such as hospitals and nursing homes. The company's segment includes PACE and others. It generates maximum revenue from the PACE segment.

Executives

Teresa Sparks	director	40 BURTON HILLS BOULEVARD SUITE 500, NASHVILLE TN 37215
Nicole Damato	officer: CHIEF LEGAL OFFICER	8950 E. LOWRY BOULEVARD, DENVER CO 80230
Benjamin C Adams	officer: CHIEF FINANCIAL OFFICER	8950 E. LOWRY BOULEVARD, DENVER CO 80230
Patricia Fontneau	director	8950 E. LOWRY BOULEVARD, DENVER CO 80230
Christine Bent	officer: CHIEF OPERATIONS OFFICER	8950 E. LOWRY BOULEVARD, DENVER CO 80230
Thomas Scully	director	320 PARK AVENUE, SUITE # 2500, NEW YORK NM 10022
Richard Feifer	officer: CHIEF MEDICAL OFFICER	C/O GENESIS HEALTHCARE, INC., 101 EAST STATE STREET, KENNETT SQUARE PA 19348
James G Carlson	director	8950 E. LOWRY BOULEVARD, DENVER CO 80230
Patrick T Blair	officer: PRESIDENT	8950 E. LOWRY BOULEVARD, DENVER CO 80230
Caroline Dechert	director	580 CALIFORNIA ST., SUITE 1700, SAN FRANCISCO CA 94104
Pavithra Mahesh	director	601 LEXINGTON AVE., 53RD FLOOR, NEW YORK NY 10022
Maureen Hewitt	director, officer: CEO, President and Director	8950 E. LOWRY BLVD., DENVER CO 80230
Maria Lozzano	officer: CORPORATE COO	8950 E. LOWRY BLVD., DENVER CO 80230
Robin Doerr	officer: CHIEF SALES AND MKTG. OFFICER	8950 E. LOWRY BLVD., DENVER CO 80230
Melissa Welch	officer: CHIEF MEDICAL OFFICER	8950 E. LOWRY BLVD., DENVER CO 80230