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IEC Electronics's average Accounts Payable for the three months ended in Jun. 2021 was $24.2 Mil. IEC Electronics's Cost of Goods Sold for the three months ended in Jun. 2021 was $44.1 Mil. Hence, IEC Electronics's Days Payable for the three months ended in Jun. 2021 was 50.08.
The historical rank and industry rank for IEC Electronics's Days Payable or its related term are showing as below:
During the past 13 years, IEC Electronics's highest Days Payable was 74.12. The lowest was 35.46. And the median was 54.77.
IEC Electronics's Days Payable increased from Jun. 2020 (48.27) to Jun. 2021 (50.08). It may suggest that IEC Electronics delayed paying its suppliers.
The historical data trend for IEC Electronics'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.
IEC Electronics Annual Data | |||||||||||||||||||||
Trend | Sep11 | Sep12 | Sep13 | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | |||||||||||
Days Payable | Get a 7-Day Free Trial | 49.93 | 51.22 | 74.12 | 70.63 | 61.48 |
IEC Electronics Quarterly Data | ||||||||||||||||||||
Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | |
Days Payable | Get a 7-Day Free Trial | 48.27 | 59.89 | 61.63 | 54.14 | 50.08 |
For the Electronic Components subindustry, IEC Electronics'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.
For the Hardware industry and Technology sector, IEC Electronics's Days Payable distribution charts can be found below:
* The bar in red indicates where IEC Electronics's Days Payable falls into.
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.
IEC Electronics's Days Payable for the fiscal year that ended in Sep. 2020 is calculated as
Days Payable (A: Sep. 2020 ) | |||||||||
= | Average Accounts Payable | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Accounts Payable (A: Sep. 2019 ) | + | Accounts Payable (A: Sep. 2020 )) | / | count ) | / | Cost of Goods Sold (A: Sep. 2020 ) | * | Days in Period |
= | ( (23.69 | + | 29.733) | / | 2 ) | / | 158.594 | * | 365 |
= | 26.7115 | / | 158.594 | * | 365 | ||||
= | 61.48 |
IEC Electronics's Days Payable for the quarter that ended in Jun. 2021 is calculated as:
Days Payable (Q: Jun. 2021 ) | |||||||||
= | Average Accounts Payable | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Accounts Payable (Q: Mar. 2021 ) | + | Accounts Payable (Q: Jun. 2021 )) | / | count ) | / | Cost of Goods Sold (Q: Jun. 2021 ) | * | Days in Period |
= | ( (23.244 | + | 25.201) | / | 2 ) | / | 44.135 | * | 365 / 4 |
= | 24.2225 | / | 44.135 | * | 365 / 4 | ||||
= | 50.08 |
* 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.
Thank you for viewing the detailed overview of IEC Electronics's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.
Jeremy R Nowak | director | C/O API TECHNOLOGIES CORP ONE NORTH WACKER DRIVE SUITE 4400 CHICAGO IL 60606 |
Charles P Hadeed | director | 35 VANTAGE POINT DRIVE, ROCHESTER NY 14624 |
Jeffrey T Schlarbaum | director, officer: President and CEO | 105 NORTON STREET, NEWARK NY 14513 |
Michael W Osborne | director | 105 NORTON STREET NEWARK NY 14513 |
Andrew M Laurence | director | C/O API TECHNOLOGIES CORP., ONE NORTH WACKER DRIVE SUITE 4400, CHICAGO IL 60606 |
Keith M Butler | director | 105 NORTON STREET NEWARK NY 14513 |
Thomas L Barbato | officer: CFO | 105 NORTON STREET, NEWARK NY 14513 |
Lynn J Hartrick | director | 105 NORTON STREET NEWARK NY 14513 |
Michael Thomas Williams | officer: VP, Finance and CFO | 54 BARCHAN DUNE RISE VICTOR NY 14564 |
Jens Hauvn | officer: SVP, Operations | C/O IEC ELECTRONICS CORP. 105 NORTON STREET NEWARK NY 14513 |
Eric Singer | director | 323 SUNNY ISLES BLVD., SUITE 700, SUNNY ISLES BEACH FL 33160 |
W Barry Gilbert | officer: CEO & Chairman of the Board | C/O IEC ELECTRONICS CORP. NEWARK NY 14513 |
Brett Eugene Mancini | officer: VP Bus Devel & Eng Serv | 12 SANDPIPER LANE PITTSFORD NY 14534 |
John Carlton Johnson | director | 24450 MEADOW ROAD PO BOX 1093 CLARK CO 80428 |
Florence Distefano Hudson | director | 1 WINSOR PLACE PURCHASE NY 10577 |
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