ERMG (E Record Management) Days Payable: 114.63 (As of Sep. 2004)


What is E Record Management Days Payable?

E Record Management ERMG -99.50% Days Payable is 114.63 as of Sep. 2004.

E Record Management's average Accounts Payable for the three months ended in Sep. 2004 was $0.20 Mil. E Record Management's Cost of Goods Sold for the three months ended in Sep. 2004 was $0.16 Mil. Hence, E Record Management's Days Payable for the three months ended in Sep. 2004 was 114.63.

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

ERMG's Days Payable is not ranked *
in the Hardware industry.
Industry Median: 69.99
* Ranked among companies with meaningful Days Payable only.

E Record Management's Days Payable increased from . 20 (0.00) to Sep. 2004 (114.63). It may suggest that E Record Management delayed paying its suppliers.

E Record Management Days Payable Historical Data

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The historical data trend for E Record Management'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.

E Record Management Days Payable Chart

E Record Management Annual Data
Trend Dec03
Days Payable
96.89

E Record Management Quarterly Data
Dec03 Mar04 Jun04 Sep04
Days Payable 0.00 133.05 135.73 114.63

ERMG vs MEEC, ISNS, UCLE: Days Payable Comparison

For the Scientific & Technical Instruments subindustry, E Record Management'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.

E Record Management Days Payable vs Hardware Industry

For the Hardware industry and Technology sector, E Record Management's Days Payable distribution charts can be found below:

* The bar in red indicates where E Record Management's Days Payable falls into.


E Record Management 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.

E Record Management's Days Payable for the fiscal year that ended in Dec. 2003 is calculated as

Days Payable (A: Dec. 2003 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: . 20 ) + Accounts Payable (A: Dec. 2003 )) / count ) / Cost of Goods Sold (A: Dec. 2003 )*Days in Period
=( ( + 0.292) / 1 ) / 1.1*365
=0.292 / 1.1*365
=96.89

E Record Management's Days Payable for the quarter that ended in Sep. 2004 is calculated as:

Days Payable (Q: Sep. 2004 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2004 ) + Accounts Payable (Q: Sep. 2004 )) / count ) / Cost of Goods Sold (Q: Sep. 2004 )*Days in Period
=( (0.208 + 0.194) / 2 ) / 0.16*365 / 4
=0.201 / 0.16*365 / 4
=114.63

* 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 114.63 mean?
E Record Management (ERMG) has a Days Payable of 114.63 as of Sep. 2004. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on E Record Management and its competitors.
Is E Record Management's Days Payable too high?
E Record Management's current Days Payable is 114.63. The Hardware industry median Days Payable is 69.99. E Record Management's value of 114.63 is 63.8% above this industry median.
How does E Record Management's Days Payable compare to MEEC and ISNS?
E Record Management's Days Payable of 114.63 can be compared against companies in the Hardware industry. The industry median Days Payable is 69.99. E Record Management's value of 114.63 is 63.8% 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 Hardware company?
The median Days Payable among Hardware companies is 69.99, based on 2,441 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. E Record Management's current Days Payable of 114.63 is 63.8% 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 E Record Management and its competitors. For the Hardware industry, the median Days Payable is 69.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. E Record Management's current Days Payable is 114.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is E Record Management stock overvalued right now?
E Record Management (ERMG) has a current Days Payable of 114.63. The current Days Payable is 114.63 and 63.8% above the Hardware industry median of 69.99. 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 E Record Management (ERMG), the current Days Payable is 114.63 as of Sep. 2004. 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.