EC Healthcare (EC Healthcare) Days Payable : 38.97 (As of Sep. 2023)

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What is EC Healthcare Days Payable?

EC Healthcare's average Accounts Payable for the six months ended in Sep. 2023 was $9.1 Mil. EC Healthcare's Cost of Goods Sold for the six months ended in Sep. 2023 was $42.5 Mil. Hence, EC Healthcare's Days Payable for the six months ended in Sep. 2023 was 38.97.

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

UNHLF' s Days Payable Range Over the Past 10 Years
Min: 16.34 Med: 30.14 Max: 63.89
Current: 40.27

During the past 9 years, EC Healthcare's highest Days Payable was 63.89. The lowest was 16.34. And the median was 30.14.

UNHLF's Days Payable is ranked worse than
66.16% of 591 companies
in the Healthcare Providers & Services industry
Industry Median: 62.12 vs UNHLF: 40.27

EC Healthcare's Days Payable declined from Sep. 2022 (49.79) to Sep. 2023 (38.97). It may suggest that EC Healthcare accelerated paying its suppliers.

EC Healthcare Days Payable Historical Data

The historical data trend for EC 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.

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EC Healthcare Days Payable Chart

EC Healthcare Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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25.15

48.55

63.89

63.80

48.04

EC Healthcare Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial													51.47	55.35	49.79	41.96	38.97

Competitive Comparison of EC Healthcare's Days Payable

For the Medical Care Facilities subindustry, EC 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.

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

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

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

EC 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.

EC 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
=	( (9.613	+	8.931)	/	2 )	/	70.451	*	365
=	9.272					/	70.451	*	365
=	48.04

EC Healthcare's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (8.931	+	9.213)	/	2 )	/	42.481	*	365 / 2
=	9.072					/	42.481	*	365 / 2
=	38.97

EC Healthcare Days Payable Related Terms

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

EC Healthcare (EC Healthcare) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » EC Healthcare (OTCPK:UNHLF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

02138:Hong Kong 1UM0:Germany

Address

8 Argyle Street, L50, Langham Place Office Tower, Mong Kok, Hong Kong, HKG

Website

https://www.echealthcare.com

EC Healthcare is a Hong Kong-based non-hospital medical service provider. The principal activities of the group include the provision of medical services; aesthetic medical services, comprising medical aesthetics and dental services; beauty and wellness services, comprising traditional beauty, haircare, and ancillary wellness services; and the sale of skincare, healthcare and beauty products. The group caters to its services through the operating segments of Medical which is the key revenue generator segment and Aesthetic medical, beauty and wellness, and Veterinary and others. Geographically, the group has a business presence in Hong Kong, Macau, and the PRC.

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