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

iGo Inc's accounts payable for the three months ended in Dec. 2013 was $2.14 Mil. iGo Inc's cost of goods sold for the three months ended in Dec. 2013 was $4.36 Mil. Hence, iGo Inc's days accounts payable for the three months ended in Dec. 2013 was 44.81.

iGo Inc's days accounts payable increased from Dec. 2012 (44.66) to Dec. 2013 (44.81). It may suggest that iGo Inc delayed paying its suppliers.


Definition

Days Accounts Payable indicates the number of days that the accounts payable relative to cost of goods sold the company has. An increase of Days Accounts Payable may suggest that the company delays paying its suppliers.

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

Days Accounts Payable=Accounts Payable/COGS*Days in Period
=2.139/17.44*365
=44.77

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

Days Accounts Payable=Accounts Payable/COGS*Days in Period
=2.139/4.356*365 / 4
=44.81

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


Related Terms

Accounts Payable, COGS


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
Days Accts Payable 91.90107.7363.2173.0047.3338.0958.8350.6640.0444.77

iGo Inc Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
Days Accts Payable 35.8447.5735.2770.7749.6244.6636.5164.1443.1644.81
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