Legend Power Systems (Legend Power Systems) Days Payable : 509.93 (As of Dec. 2023)

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What is Legend Power Systems Days Payable?

Legend Power Systems's average Accounts Payable for the three months ended in Dec. 2023 was $0.10 Mil. Legend Power Systems's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.02 Mil. Hence, Legend Power Systems's Days Payable for the three months ended in Dec. 2023 was 509.93.

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

LPSIF' s Days Payable Range Over the Past 10 Years
Min: 47.75 Med: 82.72 Max: 354.19
Current: 84.99

During the past 13 years, Legend Power Systems's highest Days Payable was 354.19. The lowest was 47.75. And the median was 82.72.

LPSIF's Days Payable is ranked better than
55.38% of 2936 companies
in the Industrial Products industry
Industry Median: 76.395 vs LPSIF: 84.99

Legend Power Systems's Days Payable increased from Dec. 2022 (58.11) to Dec. 2023 (509.93). It may suggest that Legend Power Systems delayed paying its suppliers.

Legend Power Systems Days Payable Historical Data

The historical data trend for Legend Power Systems'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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Legend Power Systems Days Payable Chart

Legend Power Systems Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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95.33

84.55

83.97

84.06

64.44

Legend Power Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															58.11	157.33	38.68	88.26	509.93

Competitive Comparison of Legend Power Systems's Days Payable

For the Electrical Equipment & Parts subindustry, Legend Power Systems'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.

Legend Power Systems's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Legend Power Systems's Days Payable distribution charts can be found below:

* The bar in red indicates where Legend Power Systems's Days Payable falls into.

Legend Power Systems 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.

Legend Power Systems's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (0.16	+	0.078)	/	2 )	/	0.674	*	365
=	0.119					/	0.674	*	365
=	64.44

Legend Power Systems'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
=	( (0.078	+	0.112)	/	2 )	/	0.017	*	365 / 4
=	0.095					/	0.017	*	365 / 4
=	509.93

Legend Power Systems Days Payable Related Terms

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Legend Power Systems (Legend Power Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Legend Power Systems Inc (OTCPK:LPSIF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

XLE1:Germany LPS:Canada

Address

1480 Frances Street, Vancouver, BC, CAN, V5L 1Y9

Website

https://www.legendpower.com

Legend Power Systems Inc together with its subsidiaries provides electrical energy conservation solutions to commercial and industrial customers in Canada. The Company's principal business activities are the assembly, marketing and sale of a patented device which is the SmartGATE, which enables dynamic power management of an entire commercial or industrial building. Business operating segments are based on geographical location of sale and installation of the SmartGATE products: Legend Power Systems Canada and Legend Power Systems Corp - U.S. Geographically, it derives a majority of revenue from Canada and also has a presence in the United States.