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iGo Inc (OTCPK:IGOI)
Days Payable
44.77 (As of Dec. 2013)

iGo Inc's payable for the six months ended in Dec. 2013 was $2.14 Mil. iGo Inc's cost of goods sold for the six months ended in Dec. 2013 was $17.44 Mil. Hence, iGo Inc's days payable for the six months ended in Dec. 2013 was 22.38.

iGo Inc's days payable declined from Dec. 2011 (50.66) to Dec. 2013 (44.77). It may suggest that iGo Inc accelerated paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

iGo Inc's Days Payable for the fiscal year that ended in Dec. 2013 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=2.139/17.44*365
=44.77

iGo Inc's Days Payable for the quarter that ended in Dec. 2013 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=2.139/17.44*365 / 2
=22.38

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

iGo Inc Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
DaysPayable 91.90107.7363.2173.0047.3338.4458.8350.6640.0444.77

iGo Inc Semi-Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
DaysPayable 91.90107.7363.2173.0047.3338.4458.8350.6640.0444.77
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