International Game Technology (FRA:IGT) Days Payable : 33.39 (As of Dec. 2014)

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What is International Game Technology Days Payable?

International Game Technology's average Accounts Payable for the three months ended in Dec. 2014 was €57 Mil. International Game Technology's Cost of Goods Sold for the three months ended in Dec. 2014 was €156 Mil. Hence, International Game Technology's Days Payable for the three months ended in Dec. 2014 was 33.39.

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

FRA:IGT's Days Payable is not ranked ^*
in the Travel & Leisure industry.
Industry Median: 57.805
* Ranked among companies with meaningful Days Payable only.

International Game Technology's Days Payable declined from Dec. 2013 (41.33) to Dec. 2014 (33.39). It may suggest that International Game Technology accelerated paying its suppliers.

International Game Technology Days Payable Historical Data

The historical data trend for International Game Technology'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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International Game Technology Days Payable Chart

International Game Technology Annual Data

Trend

Sep05

Sep06

Sep07

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Days Payable

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36.50

42.76

36.78

36.74

39.75

International Game Technology Quarterly Data
	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14
Days Payable	Get a 7-Day Free Trial															41.33	39.56	43.57	34.14	33.39

Competitive Comparison of International Game Technology's Days Payable

For the Gambling subindustry, International Game Technology'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.

International Game Technology's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, International Game Technology's Days Payable distribution charts can be found below:

* The bar in red indicates where International Game Technology's Days Payable falls into.

International Game Technology 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.

International Game Technology's Days Payable for the fiscal year that ended in Sep. 2014 is calculated as

	Days Payable (A: Sep. 2014 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2013 )	+	Accounts Payable (A: Sep. 2014 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2014 )	*	Days in Period
=	( (82.28	+	60.295)	/	2 )	/	654.556	*	365
=	71.2875					/	654.556	*	365
=	39.75

International Game Technology's Days Payable for the quarter that ended in Dec. 2014 is calculated as:

	Days Payable (Q: Dec. 2014 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2014 )	+	Accounts Payable (Q: Dec. 2014 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2014 )	*	Days in Period
=	( (60.295	+	53.769)	/	2 )	/	155.875	*	365 / 4
=	57.032					/	155.875	*	365 / 4
=	33.39

International Game Technology Days Payable Related Terms

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International Game Technology (FRA:IGT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » International Game Technology (FRA:IGT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

Website

International Game Technology was incorporated in Nevada in December 1980. It is a gaming Company specializing in the design, development, manufacture, and marketing of casino-style gaming equipment, systems technology, and game content across multiple platforms land-based, online real-money and social gaming. The Company manages operations in two geographic segments namely North America and International. North America consists of operations in the US and Canada and International encompasses its efforts in all other jurisdictions. The Company has two revenue streams within each business segment gaming operations and product sales. It includes the sales of gaming equipment, systems, services, licensing, and component parts in Product Sales. It provides casino games, gaming equipment and systems technology for land-based and online social gaming and wagering markets under for-sale or revenue sharing arrangements. IGT systems products include infrastructure and applications for casino management, customer relationship management, player management, and server-based gaming. Casino management solutions include integrated modules for machine accounting, patron management, cage and table accounting, ticket-in/ticket-out, bonusing, and table game automation. The Company's competitors include Ainsworth Game Technology Ltd, Aristocrat Leisure Limited, Bally Technologies, Inc., Konami Gaming Inc., Novomatic Group of Companies, and WMS Industries, Inc. At September 30, 2013, the Company held approximately 6,000 patents or patent applications and approximately 4,100 trademarks filed and registered around the world. he manufacture and distribution of casino games, gaming equipment, systems technology, and related services, as well as the operation of casinos, is subject to regulation by a variety of federal, state, international, tribal, and local agencies, with the majority of oversight provided by individual state gaming control boards.