ARCpoint (TSXV:ARC) Days Payable : 100.15 (As of Mar. 2024)

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What is ARCpoint Days Payable?

ARCpoint's average Accounts Payable for the three months ended in Mar. 2024 was C$1.32 Mil. ARCpoint's Cost of Goods Sold for the three months ended in Mar. 2024 was C$1.20 Mil. Hence, ARCpoint's Days Payable for the three months ended in Mar. 2024 was 100.15.

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

TSXV:ARC' s Days Payable Range Over the Past 10 Years
Min: 39.47 Med: 48.43 Max: 90.63
Current: 42.59

During the past 5 years, ARCpoint's highest Days Payable was 90.63. The lowest was 39.47. And the median was 48.43.

TSXV:ARC's Days Payable is ranked worse than
67.65% of 204 companies
in the Medical Diagnostics & Research industry
Industry Median: 66.645 vs TSXV:ARC: 42.59

ARCpoint's Days Payable increased from Mar. 2023 (34.70) to Mar. 2024 (100.15). It may suggest that ARCpoint delayed paying its suppliers.

ARCpoint Days Payable Historical Data

The historical data trend for ARCpoint'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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ARCpoint Days Payable Chart

ARCpoint Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

90.63

47.14

39.47

49.71

ARCpoint Quarterly Data
	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial								34.70	24.70	22.56	31.93	100.15

Competitive Comparison of ARCpoint's Days Payable

For the Diagnostics & Research subindustry, ARCpoint'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.

ARCpoint's Days Payable Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, ARCpoint's Days Payable distribution charts can be found below:

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

ARCpoint 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.

ARCpoint'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
=	( (0.571	+	1.213)	/	2 )	/	6.55	*	365
=	0.892					/	6.55	*	365
=	49.71

ARCpoint's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1.213	+	1.419)	/	2 )	/	1.199	*	365 / 4
=	1.316					/	1.199	*	365 / 4
=	100.15

ARCpoint Days Payable Related Terms

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ARCpoint (TSXV:ARC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » ARCpoint Inc (TSXV:ARC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 North Main Street, Suite 301, Greenville, SC, USA, 29601

Website

https://www.arcpointlabs.com

ARCpoint Inc is a US-based franchise system providing drug testing, alcohol screening, DNA and clinical lab testing, corporate wellness programs, and employment and background screening, among other services. The platform also digitalizes and streamlines administrative functions such as materials purchasing, compliance, billing, and physician services for ARCpoint franchise labs and other clients.