Ikonics (Ikonics) Days Payable : 45.29 (As of Sep. 2021)

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What is Ikonics Days Payable?

Ikonics's average Accounts Payable for the three months ended in Sep. 2021 was $1.57 Mil. Ikonics's Cost of Goods Sold for the three months ended in Sep. 2021 was $3.16 Mil. Hence, Ikonics's Days Payable for the three months ended in Sep. 2021 was 45.29.

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

IKNX's Days Payable is not ranked ^*
in the Chemicals industry.
Industry Median: 61
* Ranked among companies with meaningful Days Payable only.

Ikonics's Days Payable increased from Sep. 2020 (15.62) to Sep. 2021 (45.29). It may suggest that Ikonics delayed paying its suppliers.

Ikonics Days Payable Historical Data

The historical data trend for Ikonics'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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Ikonics Days Payable Chart

Ikonics Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Days Payable

Get a 7-Day Free Trial

18.52

16.68

14.80

21.05

23.41

Ikonics Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Days Payable	Get a 7-Day Free Trial															15.62	15.33	29.28	38.72	45.29

Competitive Comparison of Ikonics's Days Payable

For the Specialty Chemicals subindustry, Ikonics'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.

Ikonics's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ikonics's Days Payable distribution charts can be found below:

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

Ikonics 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.

Ikonics's Days Payable for the fiscal year that ended in Dec. 2020 is calculated as

	Days Payable (A: Dec. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2019 )	+	Accounts Payable (A: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2020 )	*	Days in Period
=	( (0.762	+	0.46)	/	2 )	/	9.527	*	365
=	0.611					/	9.527	*	365
=	23.41

Ikonics's Days Payable for the quarter that ended in Sep. 2021 is calculated as:

	Days Payable (Q: Sep. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2021 )	+	Accounts Payable (Q: Sep. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2021 )	*	Days in Period
=	( (1.522	+	1.616)	/	2 )	/	3.161	*	365 / 4
=	1.569					/	3.161	*	365 / 4
=	45.29

Ikonics Days Payable Related Terms

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Ikonics (Ikonics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ikonics Corp (NAS:IKNX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4832 Grand Avenue, Duluth, MN, USA, 55807

Website

https://www.ikonics.com

Ikonics Corp is engaged in the development, manufacturing, and selling of photosensitive liquids and films for the screen printing, awards and recognition industries. It has four segments. Chromaline, which is the key revenue driver, sells screen printing film, emulsions, and inkjet receptive film primarily to distributors and some end users. IKONICS Imaging sells photo resistant film, art supplies, glass, and related abrasive etching equipment. Advanced Material Solutions provides sound deadening and weight reduction technology to the aerospace industry and products for etched composites, ceramics, glass, and silicon wafers. Digital Texturing Technology includes products related to patented and proprietary inkjet technology used for mold texturing and prototyping.

Executives

William C Ulland	director, 10 percent owner
Joseph R Nerges	10 percent owner, other: Confidentiality agreement	1726 BUNDY ST, SCRANTON PA 18508
Kenneth D. Hegman	officer: Chief Operating Officer	2202 FREDERICK STREET, DULUTH MN 55803
Glenn Sandgren	director, officer: Chief Executive Officer	4832 GRAND AVENUE, DULUTH MN 55807
Darrell B Lee	director	C/O MOCON, INC., 7500 BOONE AVENUE NORTH, MINNEAPOLIS MN 55428
Harper Ernest M. Jr	director	3016 EMERSON AVE S, MINNEAPOLIS MN 55408
Gregory W. Jackson	director	4832 GRAND AVENUE, DULUTH MN 55807
Marianne Bohren	director	4832 GRAND AVENUE, DULUTH MN 55807
David O Harris	director
Gerald W Simonson	director	7260 COMMERCE CIRCLE EAST, MINNEAPOLIS MN 55432
D Jeffrey Engbrecht	director	4832 GRAND AVENUE, DULUTH MN 55807
Karl G. Shaw	officer: Chief Technology Officer	307 E. 3RD STREET, APT 74, DULUTH MN 55805
Rondi Erickson	director
H Leigh Severance	director	100 FILMORE ST, STE 300, DENVER CO 80206
Lockwood Carlson	director	4832 GRAND AVENUE, DULUTH MN 55807