FRMO (FRMO) Days Payable : 1,059.56 (As of May. 2014)

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What is FRMO Days Payable?

FRMO's average Accounts Payable for the six months ended in May. 2014 was $0.30 Mil. FRMO's Cost of Goods Sold for the six months ended in May. 2014 was $0.10 Mil. Hence, FRMO's Days Payable for the six months ended in May. 2014 was 529.78.

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

FRMO's Days Payable is not ranked ^*
in the Asset Management industry.
Industry Median: 69.44
* Ranked among companies with meaningful Days Payable only.

FRMO's Days Payable increased from May. 2012 (233.91) to May. 2014 (1,059.56). It may suggest that FRMO delayed paying its suppliers.

FRMO Days Payable Historical Data

The historical data trend for FRMO'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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FRMO Days Payable Chart

FRMO Annual Data

Trend

Feb00

Feb01

Feb02

Feb03

Feb04

May12

May13

May14

Days Payable

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534.46

233.91

554.14

1,059.56

FRMO Semi-Annual Data
	Feb00	Feb01	Feb02	Feb03	Feb04	May12	May13	May14
Days Payable	Get a 7-Day Free Trial			534.46	-	233.91	554.14	1,059.56

Competitive Comparison of FRMO's Days Payable

For the Asset Management subindustry, FRMO'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.

FRMO's Days Payable Distribution in the Asset Management Industry

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

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

FRMO 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.

FRMO's Days Payable for the fiscal year that ended in May. 2014 is calculated as

	Days Payable (A: May. 2014 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: May. 2013 )	+	Accounts Payable (A: May. 2014 ))	/	count )	/	Cost of Goods Sold (A: May. 2014 )	*	Days in Period
=	( (0.172	+	0.426)	/	2 )	/	0.103	*	365
=	0.299					/	0.103	*	365
=	1,059.56

FRMO's Days Payable for the quarter that ended in May. 2014 is calculated as:

	Days Payable (Q: May. 2014 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: May. 2013 )	+	Accounts Payable (Q: May. 2014 ))	/	count )	/	Cost of Goods Sold (Q: May. 2014 )	*	Days in Period
=	( (0.172	+	0.426)	/	2 )	/	0.103	*	365 / 2
=	0.299					/	0.103	*	365 / 2
=	529.78

FRMO Days Payable Related Terms

Thank you for viewing the detailed overview of FRMO's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

FRMO (FRMO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » FRMO Corp (OTCPK:FRMO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 North Lexington Avenue, Suite 12C, White Plains, NY, USA, 10601

Website

https://www.frmocorp.com

FRMO Corp is focused its activities on making strategic investments in public and private companies.

Executives

Steven Bregman	director, 10 percent owner, officer: President	HORIZON KINETICS LLC, 470 PARK AVENUE SOUTH, 4TH FLOOR SOUTH, NEW YORK NY 10016
Santa Monica Partners Lp	director	1865 PALMER AVENUE, LARCHMONT NY 10538
Lawrence J Goldstein	director	1865 PALMER AVE 108, LARCHMONT NY 10538
Jay P Hirschson	director	747 GREENWICH ST, SUITE 400, NEW YORK NY 10014
Murray Stahl	director, 10 percent owner, officer: CEO	C/O HORIZON KINETICS LLC, 470 PARK AVE S 8TH FL S, NEW YORK NY 10016
Peter Doyle	director, 10 percent owner, officer: Vice President, other: Secretary	470 PARK AVENUE SOUTH, 8TH FLOOR, NEW YORK NY 10016
Lester J Tanner	director, officer: Secretary	100 PARK AVENUE SUITE 3302, NEW YORK NY 10017
Allan Kornfeld	director	123 WILD DUNES WAY, JACKSON NJ 08527