ELCO (Elcom International) Days Payable: 349.79 (As of Jun. 2008)


What is Elcom International Days Payable?

Elcom International ELCO Days Payable is 349.79 as of Jun. 2008.

Elcom International's average Accounts Payable for the three months ended in Jun. 2008 was $0.72 Mil. Elcom International's Cost of Goods Sold for the three months ended in Jun. 2008 was $0.19 Mil. Hence, Elcom International's Days Payable for the three months ended in Jun. 2008 was 349.79.

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

ELCO's Days Payable is not ranked *
in the Software industry.
Industry Median: 53.825
* Ranked among companies with meaningful Days Payable only.

Elcom International's Days Payable increased from Jun. 2007 (226.42) to Jun. 2008 (349.79). It may suggest that Elcom International delayed paying its suppliers.

Elcom International Days Payable Historical Data

* Premium members only.

The historical data trend for Elcom International'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.

Elcom International Days Payable Chart

Elcom International Annual Data
Trend Dec98 Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 648.32 455.85 257.99 324.26 230.18

Elcom International Quarterly Data
Sep03 Dec03 Mar04 Jun04 Sep04 Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 226.42 152.99 356.18 281.65 349.79

ELCO vs BVSN, CLCI, DUOT: Days Payable Comparison

For the Software - Application subindustry, Elcom International'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.

Elcom International Days Payable vs Software Industry

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

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


Elcom International 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.

Elcom International's Days Payable for the fiscal year that ended in Dec. 2007 is calculated as

Days Payable (A: Dec. 2007 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2006 ) + Accounts Payable (A: Dec. 2007 )) / count ) / Cost of Goods Sold (A: Dec. 2007 )*Days in Period
=( (0.647 + 0.864) / 2 ) / 1.198*365
=0.7555 / 1.198*365
=230.18

Elcom International's Days Payable for the quarter that ended in Jun. 2008 is calculated as:

Days Payable (Q: Jun. 2008 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2008 ) + Accounts Payable (Q: Jun. 2008 )) / count ) / Cost of Goods Sold (Q: Jun. 2008 )*Days in Period
=( (0.741 + 0.708) / 2 ) / 0.189*365 / 4
=0.7245 / 0.189*365 / 4
=349.79

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 349.79 mean?
Elcom International (ELCO) has a Days Payable of 349.79 as of Jun. 2008. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Elcom International and its competitors.
Is Elcom International's Days Payable too high?
Elcom International's current Days Payable is 349.79. The Software industry median Days Payable is 53.83. Elcom International's value of 349.79 is 549.9% above this industry median.
How does Elcom International's Days Payable compare to BVSN and CLCI?
Elcom International's Days Payable of 349.79 can be compared against companies in the Software industry. The industry median Days Payable is 53.83. Elcom International's value of 349.79 is 549.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Software company?
The median Days Payable among Software companies is 53.83, based on 2,602 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Elcom International's current Days Payable of 349.79 is 549.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Elcom International and its competitors. For the Software industry, the median Days Payable is 53.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elcom International's current Days Payable is 349.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elcom International stock overvalued right now?
Elcom International (ELCO) has a current Days Payable of 349.79. The current Days Payable is 349.79 and 549.9% above the Software industry median of 53.83. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Elcom International (ELCO), the current Days Payable is 349.79 as of Jun. 2008. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Elcom International Business Description

Address 300 Granite Street, Suite 412, Braintree, MA, USA, 02184
Elcom International Inc develops and licenses proprietary software systems that enable users to buy and sell merchandise through computer networks. The company's Personal Electronic Commerce Online System is software that enables clients to automate procurement functions, such as pricing, invoicing, and payment. In addition, users can create electronic marketplaces to conduct online transactions with both suppliers and distributors. PECOS is offered as both licensed software and as a hosted application.