Fortitude Group (Fortitude Group) Days Payable : 0.00 (As of Sep. 2010)

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What is Fortitude Group Days Payable?

Fortitude Group's average Accounts Payable for the three months ended in Sep. 2010 was $0.13 Mil. Fortitude Group's Cost of Goods Sold for the three months ended in Sep. 2010 was $0.00 Mil.

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

FRTD's Days Payable is not ranked ^*
in the Asset Management industry.
Industry Median: 68.13
* Ranked among companies with meaningful Days Payable only.

Fortitude Group's Days Payable stayed the same from Sep. 2009 (0.00) to Sep. 2010 (0.00). stayed the same

Fortitude Group Days Payable Historical Data

The historical data trend for Fortitude Group'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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Fortitude Group Days Payable Chart

Fortitude Group Annual Data

Trend

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Days Payable

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Fortitude Group Quarterly Data
	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10
Days Payable	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Fortitude Group's Days Payable

For the Asset Management subindustry, Fortitude Group'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.

Fortitude Group's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Fortitude Group's Days Payable distribution charts can be found below:

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

Fortitude Group 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.

Fortitude Group's Days Payable for the fiscal year that ended in Dec. 2009 is calculated as

	Days Payable (A: Dec. 2009 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2008 )	+	Accounts Payable (A: Dec. 2009 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2009 )	*	Days in Period
=	( (0.282	+	0.143)	/	2 )	/	0	*	365
=	0.2125					/	0	*	365
=	N/A

Fortitude Group's Days Payable for the quarter that ended in Sep. 2010 is calculated as:

	Days Payable (Q: Sep. 2010 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2010 )	+	Accounts Payable (Q: Sep. 2010 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2010 )	*	Days in Period
=	( (0.128	+	0.136)	/	2 )	/	0	*	365 / 4
=	0.132					/	0	*	365 / 4
=	N/A

Fortitude Group Days Payable Related Terms

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Fortitude Group (Fortitude Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Fortitude Group Inc (OTCPK:FRTD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1001 State Street, Erie, PA, USA, 16501

Website

http://www.fortitudegroupinc.com

Fortitude Group Inc is a diversified investment company. It invests in multiple sectors of the economy targeting joint ventures, wholly owned subsidiaries and or majority/minority positions that cross various market segments with the goal of creating a quality company that builds intrinsic value for its shareholders.

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