PACS Group (PACS Group) Days Payable : 16.99 (As of Mar. 2024)

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What is PACS Group Days Payable?

PACS Group's average Accounts Payable for the three months ended in Mar. 2024 was $149.0 Mil. PACS Group's Cost of Goods Sold for the three months ended in Mar. 2024 was $800.0 Mil. Hence, PACS Group's Days Payable for the three months ended in Mar. 2024 was 16.99.

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

PACS' s Days Payable Range Over the Past 10 Years
Min: 17.23 Med: 18.6 Max: 67.97
Current: 67.97

During the past 3 years, PACS Group's highest Days Payable was 67.97. The lowest was 17.23. And the median was 18.60.

PACS's Days Payable is ranked better than
53.14% of 589 companies
in the Healthcare Providers & Services industry
Industry Median: 62.12 vs PACS: 67.97

PACS Group's Days Payable increased from Dec. 2021 (0.00) to Mar. 2024 (16.99). It may suggest that PACS Group delayed paying its suppliers.

PACS Group Days Payable Historical Data

The historical data trend for PACS Group'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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PACS Group Days Payable Chart

PACS Group Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

19.97

17.23

PACS Group Quarterly Data
	Dec21	Dec22	Mar23	Dec23	Mar24
Days Payable	-	-	17.28	-	16.99

Competitive Comparison of PACS Group's Days Payable

For the Medical Care Facilities subindustry, PACS Group'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.

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

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

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

PACS Group 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.

PACS Group'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
=	( (110.576	+	140.947)	/	2 )	/	2664.424	*	365
=	125.7615					/	2664.424	*	365
=	17.23

PACS Group'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
=	( (140.947	+	157)	/	2 )	/	799.953	*	365 / 4
=	148.9735					/	799.953	*	365 / 4
=	16.99

PACS Group Days Payable Related Terms

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PACS Group (PACS Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » PACS Group Inc (NYSE:PACS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

262 N. University Avenue, Farmington, UT, USA, 84025

Website

https://www.pacs.com

PACS Group Inc is a post-acute healthcare company primarily focused on delivering high-quality skilled nursing care through a portfolio of independently operated facilities Its is a nursing providers in the United States based on number of facilities, with over 200 post-acute care facilities across nine states serving over 20,000 patients daily. It also provide senior care, assisted living, and independent living options in some of communities.

PACS Group (PACS Group) Headlines

From GuruFocus

PACS Group, Inc. Announces Pricing of Its Upsized Initial Public Offering

By Business Wire • 04-11-2024