LogMeIn (LogMeIn) Days Payable : 43.65 (As of Jun. 2020)

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What is LogMeIn Days Payable?

LogMeIn's average Accounts Payable for the three months ended in Jun. 2020 was $45 Mil. LogMeIn's Cost of Goods Sold for the three months ended in Jun. 2020 was $93 Mil. Hence, LogMeIn's Days Payable for the three months ended in Jun. 2020 was 43.65.

The historical rank and industry rank for LogMeIn's Days Payable or its related term are showing as below:

LOGM's Days Payable is not ranked ^*
in the Software industry.
Industry Median: 50.42
* Ranked among companies with meaningful Days Payable only.

LogMeIn's Days Payable declined from Jun. 2019 (53.42) to Jun. 2020 (43.65). It may suggest that LogMeIn accelerated paying its suppliers.

LogMeIn Days Payable Historical Data

The historical data trend for LogMeIn'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.

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LogMeIn Days Payable Chart

LogMeIn Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Days Payable

Get a 7-Day Free Trial

89.46

100.14

33.12

37.40

49.37

LogMeIn Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Days Payable	Get a 7-Day Free Trial															53.42	60.37	59.10	52.45	43.65

Competitive Comparison of LogMeIn's Days Payable

For the Software - Application subindustry, LogMeIn'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.

LogMeIn's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, LogMeIn's Days Payable distribution charts can be found below:

* The bar in red indicates where LogMeIn's Days Payable falls into.

LogMeIn Days Payable Calculation

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.

LogMeIn's Days Payable for the fiscal year that ended in Dec. 2019 is calculated as

	Days Payable (A: Dec. 2019 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2018 )	+	Accounts Payable (A: Dec. 2019 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2019 )	*	Days in Period
=	( (35.447	+	52.104)	/	2 )	/	323.665	*	365
=	43.7755					/	323.665	*	365
=	49.37

LogMeIn's Days Payable for the quarter that ended in Jun. 2020 is calculated as:

	Days Payable (Q: Jun. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2020 )	+	Accounts Payable (Q: Jun. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2020 )	*	Days in Period
=	( (45.478	+	43.965)	/	2 )	/	93.497	*	365 / 4
=	44.7215					/	93.497	*	365 / 4
=	43.65

LogMeIn Days Payable Related Terms

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LogMeIn (LogMeIn) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » LogMeIn Inc (NAS:LOGM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

320 Summer Street, Boston, MA, USA, 02210

Website

https://www.logmeininc.com

LogMeIn Inc provides cloud-based collaboration and connectivity products and services in three business categories: communications and collaboration; customer engagement and support; and identity and access. Its solutions include online meeting and screen sharing, secure remote access, outsourcing customer service, and password security capabilities. The company derives revenue from subscription fees to its cloud offerings and professional services fees. It generates most of its revenue in the United States but also has a presence in the United Kingdom and other countries.

Executives

Robert Calderoni	director	851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL 33309
Ita M Brennan	director	5453 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054
David J Henshall	director	18880 HOMESTEAD ROAD, CUPERTINO CA 95014
Peter John Sacripanti	director	4002 SOUTH OCEAN BLVD., HIGHLAND BEACH FL 33487
William Raymond Wagner	director, officer: President & CEO	C/O VOCUS, INC., 4296 FORBES BOULEVARD, LANHAM MD 20706
Edwin J Gillis	director	C/O VERITAS SOFTWARE CORP, 350 ELLIS STREET, MOUNTAIN VIEW CA 94043
Mark Finn Strassman	officer: SVP & GM, UCC	C/O LOGMEIN, INC. 333 SUMMER STREET BOSTON MA 02210
Padmanabhan T Srinivasan	officer: Chief Product & Tech Officer	C/O LOGMEIN, INC. 333 SUMMER STREET BOSTON MA 02210
John Buel Bennett	officer: SVP & GM, IAM	C/O LOGMEIN, INC. 333 SUMMER STREET BOSTON MA 02210
Michael J Donahue	officer: SVP and General Counsel	LOGMEIN, INC. 500 UNICORN PARK DRIVE WOBURN MA 01801
Steven J. Benson	director	117 KENDRICK STREET, SUITE 200, NEEDHAM MA 02494
Michael J Christenson	director	C/O ENTRAVISION COMMUNICATIONS CORP, 2425 OLYMPIC BLVD, STE 6000W, SANTA MONICA CA 90404
Sara C Andrews	director	C/O LOGMEIN, INC., 320 SUMMER STREET, BOSTON MA 02210
Richard H Veldran	officer: Chief Financial Officer	103 JFK PARKWAY SHORT HILLS NJ 07078
Edward K. Herdiech	officer: Chief Financial Officer	C/O LOGMEIN, INC. 320 SUMMER STREET BOSTON MA 02210