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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 increased from Jun. 2013 (0.00) to Dec. 2013 (44.77). It may suggest that iGo Inc delayed 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 Mar. 2013 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=0/22.492*365
=0.00

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

Mar04Mar05Mar06Mar07Mar08Mar09Mar10Mar11Mar12Mar13
DaysPayable 0.000.000.000.000.000.000.000.000.000.00

iGo Inc Semi-Annual Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
DaysPayable 0.0050.660.000.000.0040.040.000.000.0044.77
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