Medi Assist Healthcare Services (NSE:MEDIASSIST) Days Payable : 48.48 (As of Sep. 2023)

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What is Medi Assist Healthcare Services Days Payable?

Medi Assist Healthcare Services's average Accounts Payable for the six months ended in Sep. 2023 was ₹387 Mil. Medi Assist Healthcare Services's Cost of Goods Sold for the six months ended in Sep. 2023 was ₹1,456 Mil. Hence, Medi Assist Healthcare Services's Days Payable for the six months ended in Sep. 2023 was 48.48.

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

NSE:MEDIASSIST' s Days Payable Range Over the Past 10 Years
Min: 48.11 Med: 57.11 Max: 74.42
Current: 51.35

During the past 3 years, Medi Assist Healthcare Services's highest Days Payable was 74.42. The lowest was 48.11. And the median was 57.11.

NSE:MEDIASSIST's Days Payable is ranked better than
68.75% of 16 companies
in the Healthcare Plans industry
Industry Median: 37.085 vs NSE:MEDIASSIST: 51.35

Medi Assist Healthcare Services's Days Payable increased from Sep. 2022 (44.52) to Sep. 2023 (48.48). It may suggest that Medi Assist Healthcare Services delayed paying its suppliers.

Medi Assist Healthcare Services Days Payable Historical Data

The historical data trend for Medi Assist Healthcare 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.

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Medi Assist Healthcare Services Days Payable Chart

Medi Assist Healthcare Services Annual Data

Trend

Mar21

Mar22

Mar23

Days Payable

74.42

57.11

48.11

Medi Assist Healthcare Services Semi-Annual Data
	Mar21	Mar22	Sep22	Mar23	Sep23
Days Payable	-	-	44.52	51.42	48.48

Competitive Comparison of Medi Assist Healthcare Services's Days Payable

For the Healthcare Plans subindustry, Medi Assist Healthcare 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.

Medi Assist Healthcare Services's Days Payable Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, Medi Assist Healthcare Services's Days Payable distribution charts can be found below:

* The bar in red indicates where Medi Assist Healthcare Services's Days Payable falls into.

Medi Assist Healthcare 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.

Medi Assist Healthcare Services'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
=	( (290.2	+	364.28)	/	2 )	/	2482.66	*	365
=	327.24					/	2482.66	*	365
=	48.11

Medi Assist Healthcare Services'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
=	( (364.28	+	409.17)	/	2 )	/	1455.86	*	365 / 2
=	386.725					/	1455.86	*	365 / 2
=	48.48

Medi Assist Healthcare Services Days Payable Related Terms

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Medi Assist Healthcare Services (NSE:MEDIASSIST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Medi Assist Healthcare Services Ltd (NSE:MEDIASSIST) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

544088:India

Address

Website

Medi Assist Healthcare Services Ltd is a HealthTech and InsurTech company focused on administering health benefits across employers, retail members, and public health schemes. Its clients are insurance companies and also serve as an intermediary between (a) general and health insurance companies and the insured members, (b) insurance companies and healthcare providers (such as hospitals), and (c) the Government and beneficiaries of public health schemes. The company derives income by providing health management services, software subscription, software license services, consultancy services and other allied services pertaining to healthcare and health insurance sector. It also offers business support services and other technical services.

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