Thinkpath (Thinkpath) Days Payable : 40.08 (As of Sep. 2007)

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What is Thinkpath Days Payable?

Thinkpath's average Accounts Payable for the three months ended in Sep. 2007 was $1.05 Mil. Thinkpath's Cost of Goods Sold for the three months ended in Sep. 2007 was $2.39 Mil. Hence, Thinkpath's Days Payable for the three months ended in Sep. 2007 was 40.08.

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

THPHF's Days Payable is not ranked ^*
in the Construction industry.
Industry Median: 74.965
* Ranked among companies with meaningful Days Payable only.

Thinkpath's Days Payable increased from Sep. 2006 (35.83) to Sep. 2007 (40.08). It may suggest that Thinkpath delayed paying its suppliers.

Thinkpath Days Payable Historical Data

The historical data trend for Thinkpath'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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Thinkpath Days Payable Chart

Thinkpath Annual Data

Trend

Dec97

Dec98

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Days Payable

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68.17

145.32

87.65

48.88

52.63

Thinkpath Quarterly Data
	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07
Days Payable	Get a 7-Day Free Trial															35.83	36.55	62.18	65.05	40.08

Competitive Comparison of Thinkpath's Days Payable

For the Engineering & Construction subindustry, Thinkpath'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.

Thinkpath's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Thinkpath's Days Payable distribution charts can be found below:

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

Thinkpath 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.

Thinkpath's Days Payable for the fiscal year that ended in Dec. 2006 is calculated as

	Days Payable (A: Dec. 2006 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2005 )	+	Accounts Payable (A: Dec. 2006 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2006 )	*	Days in Period
=	( (1.166	+	1.493)	/	2 )	/	9.22	*	365
=	1.3295					/	9.22	*	365
=	52.63

Thinkpath's Days Payable for the quarter that ended in Sep. 2007 is calculated as:

	Days Payable (Q: Sep. 2007 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2007 )	+	Accounts Payable (Q: Sep. 2007 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2007 )	*	Days in Period
=	( (1.913	+	0.184)	/	2 )	/	2.387	*	365 / 4
=	1.0485					/	2.387	*	365 / 4
=	40.08

Thinkpath Days Payable Related Terms

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Thinkpath (Thinkpath) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Thinkpath Inc (GREY:THPHF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

365 Evans Avenue, Suite 602, Toronto, ON, CAN, M8Z 1K2

Website

http://www.thinkpath.com

Thinkpath Inc provides customized engineering solutions with a wide range of support services guaranteeing timely, efficient and cost-effective completion of projects in numerous and varied industries. The company's customized solutions include Engineering & Design Services, Technical Publishing & Documentation and On-site Engineering Support.

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