Stonepath Group (Stonepath Group) Days Payable : 57.36 (As of Sep. 2006)

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What is Stonepath Group Days Payable?

Stonepath Group's average Accounts Payable for the three months ended in Sep. 2006 was $34.8 Mil. Stonepath Group's Cost of Goods Sold for the three months ended in Sep. 2006 was $55.3 Mil. Hence, Stonepath Group's Days Payable for the three months ended in Sep. 2006 was 57.36.

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

SGRZ's Days Payable is not ranked ^*
in the Transportation industry.
Industry Median: 38.81
* Ranked among companies with meaningful Days Payable only.

Stonepath Group's Days Payable declined from Sep. 2005 (64.69) to Sep. 2006 (57.36). It may suggest that Stonepath Group accelerated paying its suppliers.

Stonepath Group Days Payable Historical Data

The historical data trend for Stonepath 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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Stonepath Group Days Payable Chart

Stonepath Group Annual Data

Trend

Dec98

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Days Payable

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113.85

38.64

40.73

39.39

49.93

Stonepath Group Quarterly Data
	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06
Days Payable	Get a 7-Day Free Trial															64.69	29.91	56.54	48.64	57.36

Competitive Comparison of Stonepath Group's Days Payable

For the Integrated Freight & Logistics subindustry, Stonepath 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.

Stonepath Group's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Stonepath Group's Days Payable distribution charts can be found below:

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

Stonepath 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.

Stonepath Group's Days Payable for the fiscal year that ended in Dec. 2005 is calculated as

	Days Payable (A: Dec. 2005 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2004 )	+	Accounts Payable (A: Dec. 2005 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2005 )	*	Days in Period
=	( (38.538	+	50.054)	/	2 )	/	323.798	*	365
=	44.296					/	323.798	*	365
=	49.93

Stonepath Group's Days Payable for the quarter that ended in Sep. 2006 is calculated as:

	Days Payable (Q: Sep. 2006 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2006 )	+	Accounts Payable (Q: Sep. 2006 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2006 )	*	Days in Period
=	( (38.644	+	30.926)	/	2 )	/	55.337	*	365 / 4
=	34.785					/	55.337	*	365 / 4
=	57.36

Stonepath Group Days Payable Related Terms

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Stonepath Group (Stonepath Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Stonepath Group Inc (OTCPK:SGRZ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2200 Alaskan Way, Suite 200, Seattle, WA, USA, 98121

Website

http://www.stonepath.com

Stonepath Group Inc is a non-asset based third-party logistics provider. The Company is engaged in shipping and transportation, managing all aspects of transit.

Executives

Dennis L Pelino	director
Bohn H Crain	officer: Chief Financial Officer	405 114TH AVENUE SE, THIRD FLOOR, BELLEVUE WA 98004
Stephen M Cohen	officer: General Counsel	1604 LOCUST STREET, THIRD FLOOR, PHILADELPHIA PA 19103

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