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GuruFocus has detected 3 Warning Signs with Icon PLC $ICLR.
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Icon PLC (NAS:ICLR)
Days Payable
102.12 (As of Mar. 2017)

Icon PLC's payable for the three months ended in Mar. 2017 was $280 Mil. Icon PLC's cost of goods sold for the three months ended in Mar. 2017 was $250 Mil. Hence, Icon PLC's days payable for the three months ended in Mar. 2017 was 102.12.

ICLR' s Days Payable Range Over the Past 10 Years
Min: 1.98   Max: 130.79
Current: 104.06

1.98
130.79

During the past 13 years, Icon PLC's highest Days Payable was 130.79. The lowest was 1.98. And the median was 11.29.

ICLR's Days Payable is ranked higher than
75% of the 179 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 57.91 vs. ICLR: 104.06 )

Icon PLC's days payable declined from Mar. 2016 (129.21) to Mar. 2017 (102.12). It may suggest that Icon PLC accelerated paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Icon PLC's Days Payable for the fiscal year that ended in Dec. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=281.453/961.333*365
=106.86

Icon PLC's Days Payable for the quarter that ended in Mar. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=280.295/250.459*365 / 4
=102.12

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Icon PLC Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 13.86104.038.718.303.194.141.98114.33130.79106.86

Icon PLC Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
DaysPayable 112.291.54111.47120.55129.57129.21101.0995.99102.12102.12
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