IEH (IEHC) Days Payable

: 16.16 (As of Dec. 2023)

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IEH's average Accounts Payable for the three months ended in Dec. 2023 was $0.79 Mil. IEH's Cost of Goods Sold for the three months ended in Dec. 2023 was $4.48 Mil. Hence, IEH's Days Payable for the three months ended in Dec. 2023 was 16.16.

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

IEHC' s Days Payable Range Over the Past 10 Years
Min: 4.76 Med: 7.82 Max: 18.48
Current: 17.71

During the past 13 years, IEH's highest Days Payable was 18.48. The lowest was 4.76. And the median was 7.82.

IEHC's Days Payable is ranked worse than
95.99% of 2417 companies
in the Hardware industry
Industry Median: 68 vs IEHC: 17.71

IEH's Days Payable increased from Dec. 2022 (15.82) to Dec. 2023 (16.16). It may suggest that IEH delayed paying its suppliers.

IEH Days Payable Historical Data

The historical data trend for IEH'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.

* Premium members only.

IEH Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

11.78

7.40

8.24

13.48

18.48

IEH Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																15.82	17.73	19.61	18.02	16.16

Competitive Comparison

For the Electronic Components subindustry, IEH'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.

IEH Days Payable Distribution

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

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

IEH 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.

IEH's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0.809	+	1.054)	/	2 )	/	18.396	*	365
=	0.9315					/	18.396	*	365
=	18.48

IEH's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.769	+	0.818)	/	2 )	/	4.48	*	365 / 4
=	0.7935					/	4.48	*	365 / 4
=	16.16

IEH Days Payable Related Terms

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IEH (IEHC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » IEH Corp (OTCPK:IEHC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

140 58th Street, Suite 8E, Brooklyn, NY, USA, 11220

Website

https://www.iehcorp.com

IEH Corp designs develops and manufactures printed circuit board (PCB) connectors, custom interconnects, and contacts for high-performance applications. With its Hyperboloid technology, It supplies durable, reliable connectors for demanding environments. The company markets to companies in defense, aerospace, space, and industrial applications, in the United States, Canada, Europe, Southeast, and Central Asia, and the Mideast. The company generates the majority of its revenue from United states.

Executives

Subrata Purkayastha	officer: Chief Financial Officer	140 58TH STREET, BUILDING B SUITE 8E, BROOKLYN NY 11220
Gail Offerman	10 percent owner	2984 WYNSUM AVENUE, MERRICK NY 11566
Zeff Capital, Lp	10 percent owner	400 S. MCCADDEN PL., LOS ANGELES CA 90020
2020 David Offerman Trust	10 percent owner	17 MOHAWK TRAIL, WESTFIELD NJ 07090
William H Craig	officer: Chief Financial Officer
Daniel Zeff	10 percent owner	400 S. MCCADDEN PL., LOS ANGELES CA 90020
Zeff Holding Company, Llc	10 percent owner	400 S. MCCADDEN PL., LOS ANGELES CA 90020
Michael E Rosenfeld	director	1365 YORK AVENUE, APT. 3A, NEW YORK NY 10021
Dave Offerman	director, officer: Chief Executive Officer	140 58TH STREET, SUITE 8E, BROOKLYN NY 11220
Robert Knoth	officer: CFO, Secretary and Treasurer	140 58TH STREET, BLDG. B, SUITE 8E, IEH CORPORATION, BROOKLYN NY 11220
Gerald E. Chafetz	director	C/O IEH CORP. 140 58TH STREET, BLDG. B, SUITE 8E, BROOKLYN NY 11220
Michael Offerman	director, 10 percent owner, officer: Chairman & President