Artemis Medicare Services (BOM:542919) Days Payable : 64.31 (As of Mar. 2024)

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What is Artemis Medicare Services Days Payable?

Artemis Medicare Services's average Accounts Payable for the three months ended in Mar. 2024 was ₹945 Mil. Artemis Medicare Services's Cost of Goods Sold for the three months ended in Mar. 2024 was ₹1,341 Mil. Hence, Artemis Medicare Services's Days Payable for the three months ended in Mar. 2024 was 64.31.

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

BOM:542919' s Days Payable Range Over the Past 10 Years
Min: 58.79 Med: 93.79 Max: 195.28
Current: 63.96

During the past 10 years, Artemis Medicare Services's highest Days Payable was 195.28. The lowest was 58.79. And the median was 93.79.

BOM:542919's Days Payable is ranked better than
50.76% of 589 companies
in the Healthcare Providers & Services industry
Industry Median: 62.09 vs BOM:542919: 63.96

Artemis Medicare Services's Days Payable declined from Mar. 2023 (66.95) to Mar. 2024 (64.31). It may suggest that Artemis Medicare Services accelerated paying its suppliers.

Artemis Medicare Services Days Payable Historical Data

The historical data trend for Artemis Medicare Services'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.

* Premium members only.

Artemis Medicare Services Days Payable Chart

Artemis Medicare Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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193.08

93.79

62.33

58.79

61.71

Artemis Medicare Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															66.95	61.60	65.37	68.94	64.31

Competitive Comparison of Artemis Medicare Services's Days Payable

For the Medical Care Facilities subindustry, Artemis Medicare Services'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.

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

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

* The bar in red indicates where Artemis Medicare Services's Days Payable falls into.

Artemis Medicare Services 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.

Artemis Medicare Services's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (881.834	+	945.153)	/	2 )	/	5403.089	*	365
=	913.4935					/	5403.089	*	365
=	61.71

Artemis Medicare Services'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
=	( (0	+	945.153)	/	1 )	/	1341.083	*	365 / 4
=	945.153					/	1341.083	*	365 / 4
=	64.31

Artemis Medicare Services Days Payable Related Terms

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

Artemis Medicare Services (BOM:542919) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Artemis Medicare Services Ltd (BOM:542919) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Artemis Hospital, Sector 51, Gurugram, HR, IND, 122001

Website

https://www.artemishospitals.com

Artemis Medicare Services Ltd is engaged in managing and operating multi-specialty hospitals. The hospital provides treatments for Allergy and Immunology, Blood (Haematology), Bones, Muscles and Joints (Orthopaedics), Brain, Spine and Nervous System, Cancer (Oncology), Circulatory (Vascular), Digestive (Gastroenterology), Endocrine, Diabetes And Metabolism, Dermatology, Heart (Cardiology), Infectious Diseases, Kidneys (Renal), Lung (Pulmonary), Mouth, Teeth And Face (Oral And Maxillofacial), Obstetrics And Gynecology, Psychiatry, Rheumatology (Arthritis And Joint Disease), Surgery, and Urology. The group derives revenue primarily from offering healthcare services and has a business presence in India and Outside India.

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