Icon (ICLR) Days Payable : 6.91 (As of Dec. 2023)

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What is Icon Days Payable?

Icon's average Accounts Payable for the three months ended in Dec. 2023 was $109 Mil. Icon's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,446 Mil. Hence, Icon's Days Payable for the three months ended in Dec. 2023 was 6.91.

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

ICLR' s Days Payable Range Over the Past 10 Years
Min: 1.49 Med: 4.15 Max: 6.93
Current: 5.52

During the past 13 years, Icon's highest Days Payable was 6.93. The lowest was 1.49. And the median was 4.15.

ICLR's Days Payable is ranked worse than
97.62% of 210 companies
in the Medical Diagnostics & Research industry
Industry Median: 68.79 vs ICLR: 5.52

Icon's Days Payable increased from Dec. 2022 (4.69) to Dec. 2023 (6.91). It may suggest that Icon delayed paying its suppliers.

Icon Days Payable Historical Data

The historical data trend for Icon'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.

* Premium members only.

Icon Days Payable Chart

Icon Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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3.45

6.93

6.52

5.68

6.79

Icon 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															4.69	5.44	4.21	4.23	6.91

Competitive Comparison of Icon's Days Payable

For the Diagnostics & Research subindustry, Icon'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.

Icon's Days Payable Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Icon's Days Payable distribution charts can be found below:

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

Icon 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.

Icon's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (81.194	+	131.584)	/	2 )	/	5719.949	*	365
=	106.389					/	5719.949	*	365
=	6.79

Icon'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
=	( (87.317	+	131.584)	/	2 )	/	1445.727	*	365 / 4
=	109.4505					/	1445.727	*	365 / 4
=	6.91

Icon Days Payable Related Terms

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Icon (ICLR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Icon PLC (NAS:ICLR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ICLR:Mexico IJF:Germany

Address

South County Business Park, Leopardstown, Dublin, IRL, D18 X5R3

Website

https://www.iconplc.com

Icon is a global late-stage contract research organization that provides drug development and clinical trial services to pharmaceutical, biotechnology, and medical device firms. While the vast majority of its revenue comes from clinical research, Icon also offers ancillary services such as laboratory and imaging capabilities. The company is headquartered in Ireland.