QHSLab (QHSLab) Days Payable : 109.14 (As of Dec. 2023)

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What is QHSLab Days Payable?

QHSLab's average Accounts Payable for the three months ended in Dec. 2023 was $0.15 Mil. QHSLab's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.13 Mil. Hence, QHSLab's Days Payable for the three months ended in Dec. 2023 was 109.14.

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

USAQ' s Days Payable Range Over the Past 10 Years
Min: 48.96 Med: 49.68 Max: 91.99
Current: 91.99

During the past 13 years, QHSLab's highest Days Payable was 91.99. The lowest was 48.96. And the median was 49.68.

USAQ's Days Payable is ranked better than
60.18% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 72.855 vs USAQ: 91.99

QHSLab's Days Payable increased from Dec. 2022 (80.96) to Dec. 2023 (109.14). It may suggest that QHSLab delayed paying its suppliers.

QHSLab Days Payable Historical Data

The historical data trend for QHSLab'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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QHSLab Days Payable Chart

QHSLab Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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50.39

48.96

QHSLab 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															80.96	75.03	99.96	132.19	109.14

Competitive Comparison of QHSLab's Days Payable

For the Medical Devices subindustry, QHSLab'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.

QHSLab's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, QHSLab's Days Payable distribution charts can be found below:

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

QHSLab 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.

QHSLab'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
=	( (0.086	+	0.079)	/	2 )	/	0.615	*	365
=	0.0825					/	0.615	*	365
=	48.96

QHSLab'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
=	( (0.22	+	0.079)	/	2 )	/	0.125	*	365 / 4
=	0.1495					/	0.125	*	365 / 4
=	109.14

QHSLab Days Payable Related Terms

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QHSLab (QHSLab) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » QHSLab Inc (OTCPK:USAQ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

901 Northpoint Parkway, Suite 302, West Palm Beach, FL, USA, 33407

Website

https://www.qhslab.com

QHSLab Inc is a medical device company providing digital healthcare solutions and point-of-care-diagnostic tests to primary care physicians. It is a medical device technology and software as a service (SaaS) company focused on enabling primary care physicians (PCPs) to increase their revenues by providing them with relevant, value-based tools to evaluate and treat chronic disease as well as provide preventive care through reimbursable procedures.

Executives

Troy James Grogan	director, 10 percent owner, officer: CEO/Director	5480 N OCEAN DR B1D, SINGER ISLAND FL 33404
Richard J Rubin	director, 10 percent owner, officer: CEO & Chairman	90 JOHN STREET, SUITE 626, NEW YORK NY 10038