Nordhealth AS (OSL:NORDH) Days Payable : 99.04 (As of Mar. 2024)

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What is Nordhealth AS Days Payable?

Nordhealth AS's average Accounts Payable for the three months ended in Mar. 2024 was kr17.7 Mil. Nordhealth AS's Cost of Goods Sold for the three months ended in Mar. 2024 was kr16.3 Mil. Hence, Nordhealth AS's Days Payable for the three months ended in Mar. 2024 was 99.04.

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

OSL:NORDH' s Days Payable Range Over the Past 10 Years
Min: 72.58 Med: 80.92 Max: 99.64
Current: 91.05

During the past 4 years, Nordhealth AS's highest Days Payable was 99.64. The lowest was 72.58. And the median was 80.92.

OSL:NORDH's Days Payable is ranked better than
64.01% of 589 companies
in the Healthcare Providers & Services industry
Industry Median: 62.12 vs OSL:NORDH: 91.05

Nordhealth AS's Days Payable increased from Mar. 2023 (97.40) to Mar. 2024 (99.04). It may suggest that Nordhealth AS delayed paying its suppliers.

Nordhealth AS Days Payable Historical Data

The historical data trend for Nordhealth AS'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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Nordhealth AS Days Payable Chart

Nordhealth AS Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

99.64

79.61

72.58

82.22

Nordhealth AS Quarterly Data
	Jun20	Sep20	Dec20	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial										97.40	95.96	71.16	78.63	99.04

Competitive Comparison of Nordhealth AS's Days Payable

For the Health Information Services subindustry, Nordhealth AS'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.

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

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

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

Nordhealth AS 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.

Nordhealth AS'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
=	( (9.189	+	17.613)	/	2 )	/	59.488	*	365
=	13.401					/	59.488	*	365
=	82.22

Nordhealth AS'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
=	( (17.613	+	17.718)	/	2 )	/	16.276	*	365 / 4
=	17.6655					/	16.276	*	365 / 4
=	99.04

Nordhealth AS Days Payable Related Terms

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Nordhealth AS (OSL:NORDH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Nordhealth AS (OSL:NORDH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

6E5:Germany

Address

Strandveien 50, Lysaker, Oslo, NOR, 1366

Website

https://www.nordhealth.com

Nordhealth AS is a cloud-based healthcare Software-as-a-Service business. Its flagship products are Provet Cloud and EasyPractice, both leading cloud-based Practice Management Software for veterinarians and therapists, respectively. It builds software that empowers healthcare professionals to improve patient care, increase efficiency and expand their business.

Nordhealth AS (OSL:NORDH) Headlines

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