CardioComm Solutions (TSXV:EKG) Days Payable : 454.50 (As of Dec. 2023)

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What is CardioComm Solutions Days Payable?

CardioComm Solutions's average Accounts Payable for the three months ended in Dec. 2023 was C$0.13 Mil. CardioComm Solutions's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.03 Mil. Hence, CardioComm Solutions's Days Payable for the three months ended in Dec. 2023 was 454.50.

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

TSXV:EKG' s Days Payable Range Over the Past 10 Years
Min: 192.91 Med: 309.15 Max: 1725.82
Current: 370.7

During the past 13 years, CardioComm Solutions's highest Days Payable was 1725.82. The lowest was 192.91. And the median was 309.15.

TSXV:EKG's Days Payable is ranked better than
89.47% of 589 companies
in the Healthcare Providers & Services industry
Industry Median: 62.12 vs TSXV:EKG: 370.70

CardioComm Solutions's Days Payable increased from Dec. 2022 (71.20) to Dec. 2023 (454.50). It may suggest that CardioComm Solutions delayed paying its suppliers.

CardioComm Solutions Days Payable Historical Data

The historical data trend for CardioComm Solutions'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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CardioComm Solutions Days Payable Chart

CardioComm Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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523.43

1,043.90

1,725.82

195.33

352.07

CardioComm Solutions 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															71.20	141.76	1,653.91	1,186.25	454.50

Competitive Comparison of CardioComm Solutions's Days Payable

For the Health Information Services subindustry, CardioComm Solutions'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.

CardioComm Solutions's Days Payable Distribution in the Healthcare Providers & Services Industry

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

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

CardioComm Solutions 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.

CardioComm Solutions'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
=	( (0.116	+	0.129)	/	2 )	/	0.127	*	365
=	0.1225					/	0.127	*	365
=	352.07

CardioComm Solutions'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
=	( (0.13	+	0.129)	/	2 )	/	0.026	*	365 / 4
=	0.1295					/	0.026	*	365 / 4
=	454.50

CardioComm Solutions Days Payable Related Terms

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CardioComm Solutions (TSXV:EKG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » CardioComm Solutions Inc (TSXV:EKG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

EKGGF:USA

Address

18 Wynford Drive, Suite 305, North York, ON, CAN, M3C 3S2

Website

https://www.cardiocommsolutions.com

CardioComm Solutions Inc develops advanced software, hardware and core laboratory reading services related to the electrocardiogram ("ECG") and ambulatory arrhythmia monitoring systems for medical and consumer markets. It engages in the provision of management software solutions. It specializes in software engineering of computer-based electrocardiogram management and reporting software. The company's products include software, Gems Win, Global ECG Management System, GlobalCardio 12 lead; hardware, include handheld ECG monitor; Asp Services, include ECG management service and smart monitoring; software modules, consists of Win Air, Auto attendant, HL7 interface and EMR integration; and other products, include ECG viewer SDK and QRS 12 lead universal.

Executives

Steven Vincent Benyo

Director