OHCS (Optimus Healthcare Svcs) Days Payable : 1,729.43 (As of Sep. 2024)

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What is Optimus Healthcare Svcs Days Payable?

Optimus Healthcare Svcs's average Accounts Payable for the three months ended in Sep. 2024 was $1.40 Mil. Optimus Healthcare Svcs's Cost of Goods Sold for the three months ended in Sep. 2024 was $0.07 Mil. Hence, Optimus Healthcare Svcs's Days Payable for the three months ended in Sep. 2024 was 1,729.43.

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

OHCS' s Days Payable Range Over the Past 10 Years
Min: 1102.63 Med: 1211.54 Max: 2876.06
Current: 1781.59

During the past 9 years, Optimus Healthcare Svcs's highest Days Payable was 2876.06. The lowest was 1102.63. And the median was 1211.54.

OHCS's Days Payable is ranked better than
98.14% of 592 companies
in the Healthcare Providers & Services industry
Industry Median: 57.685 vs OHCS: 1781.59

Optimus Healthcare Svcs's Days Payable increased from Sep. 2023 (1,250.70) to Sep. 2024 (1,729.43). It may suggest that Optimus Healthcare Svcs delayed paying its suppliers.

Optimus Healthcare Svcs Days Payable Historical Data

The historical data trend for Optimus Healthcare Svcs'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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Optimus Healthcare Svcs Days Payable Chart

Optimus Healthcare Svcs Annual Data

Trend

Dec98

Dec99

Dec00

Dec01

Dec02

Dec08

Dec21

Dec22

Dec23

Days Payable

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2,876.06

1,102.63

1,211.54

Optimus Healthcare Svcs Quarterly Data
	Sep03	Mar07	Jun07	Sep07	Mar08	Jun08	Sep08	Dec08	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															1,250.70	1,568.10	1,792.62	2,063.35	1,729.43

Competitive Comparison of Optimus Healthcare Svcs's Days Payable

For the Health Information Services subindustry, Optimus Healthcare Svcs'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.

Optimus Healthcare Svcs's Days Payable Distribution in the Healthcare Providers & Services Industry

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

* The bar in red indicates where Optimus Healthcare Svcs's Days Payable falls into.

Optimus Healthcare Svcs 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.

Optimus Healthcare Svcs'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
=	( (0.738	+	1.154)	/	2 )	/	0.285	*	365
=	0.946					/	0.285	*	365
=	1,211.54

Optimus Healthcare Svcs's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (1.341	+	1.464)	/	2 )	/	0.074	*	365 / 4
=	1.4025					/	0.074	*	365 / 4
=	1,729.43

Optimus Healthcare Svcs Days Payable Related Terms

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Optimus Healthcare Svcs Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Optimus Healthcare Svcs Inc (OTCPK:OHCS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1400 Old Country Road, Suite 306, Westbury, NY, USA, 11590

Website

https://www.optimushealthcare.com

Optimus Healthcare Svcs Inc focuses on acquiring controlling interests in healthcare-related businesses. The company is dedicated to advancing access to clinical trial research and simplifying access to vaccines and pharmaceutical products. It currently operates through its portfolio companies, Clinical Research Alliance, Inc. (CRA), and Worker's Health Rx (d/b/a "Vitality Rx"). The vision is to grow by acquiring controlling interests in healthcare-related businesses with products and services that improve healthcare access and outcomes. Optimus aims to empower physicians and patients with information and tools for informed healthcare decisions.