Infinite Group (Infinite Group) Days Payable : 157.63 (As of Jun. 2023)

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What is Infinite Group Days Payable?

Infinite Group's average Accounts Payable for the three months ended in Jun. 2023 was $1.72 Mil. Infinite Group's Cost of Goods Sold for the three months ended in Jun. 2023 was $1.00 Mil. Hence, Infinite Group's Days Payable for the three months ended in Jun. 2023 was 157.63.

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

IMCI' s Days Payable Range Over the Past 10 Years
Min: 17.1 Med: 28.32 Max: 135.63
Current: 135.63

During the past 13 years, Infinite Group's highest Days Payable was 135.63. The lowest was 17.10. And the median was 28.32.

IMCI's Days Payable is ranked better than
76.02% of 2523 companies
in the Software industry
Industry Median: 51.44 vs IMCI: 135.63

Infinite Group's Days Payable increased from Jun. 2022 (83.93) to Jun. 2023 (157.63). It may suggest that Infinite Group delayed paying its suppliers.

Infinite Group Days Payable Historical Data

The historical data trend for Infinite 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.

* Premium members only.

Infinite Group Days Payable Chart

Infinite Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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54.12

24.18

24.51

35.78

95.28

Infinite Group Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Days Payable	Get a 7-Day Free Trial															83.93	102.39	133.26	166.72	157.63

Competitive Comparison of Infinite Group's Days Payable

For the Information Technology Services subindustry, Infinite 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.

Infinite Group's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Infinite Group's Days Payable distribution charts can be found below:

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

Infinite 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.

Infinite Group's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.537	+	1.688)	/	2 )	/	4.262	*	365
=	1.1125					/	4.262	*	365
=	95.28

Infinite Group's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (1.842	+	1.606)	/	2 )	/	0.998	*	365 / 4
=	1.724					/	0.998	*	365 / 4
=	157.63

Infinite Group Days Payable Related Terms

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Infinite Group (Infinite Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Infinite Group Inc (OTCPK:IMCI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

175 Sully’s Trail, Suite 202, Pittsford, NY, USA, 14534

Website

https://www.igicybersecurity.com

Infinite Group Inc provides managed information technology and virtualization services. It also develops and renders cybersecurity tools and solutions to private businesses and government agencies in the United States. It offers products such as Nodeware which assesses vulnerabilities in a computer network using scanning technology. The company also provides cloud computing solutions, including public and private cloud architecture, hybrid cloud hosting, server virtualization, and desktop virtualization solutions.

Executives

James Villa	10 percent owner	308 ROCK BEACH ROAD, ROCHESTER NY 14617
Andrew T. Hoyen	officer: EVP- Chief Admin Officer	80 OFFICE PARK WAY, PITTSFORD NY 14534
Richard W Glickman	officer: Chief Accounting Officer	175 SULLY'S TRAIL, PITTSFORD NY 14534
Donald Reeve	director	C/O INFINITE GROUP, INC., 60 OFFICE PARK WAY, PITTSFORD NY 14534
James Witzel	officer: Chief Financial Officer	C/O INFINITE GROUP INC, 60 OFFICE PARK WAY, PITTSFORD NY 14534
James D Frost	officer: CHIEF TECHNOLOGY OFFICER	C/O INFINITE GROUP, INC, 595 BLOSSOM ROAD SUITE 309, ROCHESTER NY 14610
William S Hogan	officer: VP of Operations	C/O INFINITE GROUP, INC., 60 OFFICE PARK WAY, PITTSFORD NY 14534
David Slavny	officer: Director Business Development	C/O INFINITE GROUP, INC, 60 OFFICE PARK WAY, PITTSFORD NY 14534
Northwest Hampton Holdings Llc	10 percent owner	308 ROCK BEACH ROAD, ROCHESTER NY 14617
Michael S Smith	director, officer: PRESIDENT, CEO and CFO	C/O INFINITE GROUP, INC, 595 BLOSSOM ROAD SUITE 309, ROCHESTER NY 14610
Allan M Robbins	director	C/O INFINITE GROUP, INC, 595 BLOSSOM ROAD SUITE 309, ROCHESTER NY 14610
Paul J Delmore	director, 10 percent owner	C/O INFINITE GROUP, INC, 595 BLOSSOM ROAD SUITE 309, ROCHESTER NY 14610
Upstate Holding Group, Llc	10 percent owner	C/O INFINITE GROUP, INC, 595 BLOSSOM ROAD SUITE 309, ROCHESTER NY 14610