Laboratory Corporation of America Holdings

NYSE LH

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Laboratory Corporation of America Holdings Days Payable Outstanding (DPO) for the Trailing 12 Months (TTM) ending March 31, 2024: 54.49

Laboratory Corporation of America Holdings Days Payable Outstanding (DPO) is 54.49 for the Trailing 12 Months (TTM) ending March 31, 2024, a -52.36% change year over year. The days payables outstanding ratio measures the average number of days it takes for a company to pay its suppliers. It is calculated by dividing accounts payable by the cost of revenue and then multiplying by 365. This ratio indicates the average payment period for suppliers and reflects the efficiency of managing trade payables. A longer period suggests extended payment terms and potential working capital advantages.
  • Laboratory Corporation of America Holdings Days Payable Outstanding (DPO) for the Trailing 12 Months (TTM) ending March 31, 2023 was 114.39, a 32.17% change year over year.
  • Laboratory Corporation of America Holdings Days Payable Outstanding (DPO) for the Trailing 12 Months (TTM) ending March 31, 2022 was 86.55, a -7.84% change year over year.
  • Laboratory Corporation of America Holdings Days Payable Outstanding (DPO) for the Trailing 12 Months (TTM) ending March 31, 2021 was 93.92, a -7.62% change year over year.
  • Laboratory Corporation of America Holdings Days Payable Outstanding (DPO) for the Trailing 12 Months (TTM) ending March 31, 2020 was 101.67, a 1.77% change year over year.
NYSE: LH

Laboratory Corporation of America Holdings

CEO Mr. Adam H. Schechter
IPO Date March 29, 1990
Location United States
Headquarters 358 South Main Street, Burlington, NC, United States, 27215
Employees 67,000
Sector Healthcare
Industry Diagnostics & research
Description

Labcorp Holdings Inc. operates as a laboratory services company that provides vital information to help doctors, hospitals, pharmaceutical companies, researchers, and patients make clear and confident decisions. It operates in two segments, Diagnostics Laboratories (Dx) and Biopharma Laboratory Services (BLS). The company offers various tests, such as blood chemistry analyses, urinalyses, blood cell counts, thyroid tests, PAP tests, hemoglobin A1C and vitamin D, prostate-specific antigens, tests for sexually transmitted diseases, hepatitis C tests, microbiology cultures and procedures, and alcohol and other substance-abuse tests. It also provides specialty testing services comprising gene-based and esoteric testing; advanced tests target specific diseases; services related to anatomic pathology/oncology, cardiovascular disease, coagulation, diagnostic genetics, endocrinology, infectious disease, women's health, pharmacogenetics, parentage and donor testing, occupational testing services, medical drug monitoring services, chronic disease programs, and kidney stone prevention tests; and health and wellness services to employers and managed care organizations (MCOs), including health fairs, on-site and at-home testing, vaccinations, and health screenings. It serves pharmaceutical, biotechnology, medical device, and diagnostics companies; and MCOs, employer plans, other health insurance providers, governmental agencies, physicians and other healthcare providers, hospitals and health systems, employers, patients and consumers, contract research organizations, crop protection and chemical companies, academic institutions, independent clinical laboratories, and retailers.

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StockViz Staff

September 20, 2024

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