Forum Mobile (Forum Mobile) Days Payable : 65.62 (As of Jun. 2006)

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What is Forum Mobile Days Payable?

Forum Mobile's average Accounts Payable for the three months ended in Jun. 2006 was $3.92 Mil. Forum Mobile's Cost of Goods Sold for the three months ended in Jun. 2006 was $5.45 Mil. Hence, Forum Mobile's Days Payable for the three months ended in Jun. 2006 was 65.62.

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

FRMB's Days Payable is not ranked ^*
in the Telecommunication Services industry.
Industry Median: 104.28
* Ranked among companies with meaningful Days Payable only.

Forum Mobile's Days Payable declined from Jun. 2005 (93.80) to Jun. 2006 (65.62). It may suggest that Forum Mobile accelerated paying its suppliers.

Forum Mobile Days Payable Historical Data

The historical data trend for Forum Mobile'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.

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Forum Mobile Days Payable Chart

Forum Mobile Annual Data

Trend

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Days Payable

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110.55

142.81

41.30

Forum Mobile Quarterly Data
	Sep01	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06
Days Payable	Get a 7-Day Free Trial															93.80	74.22	64.87	69.38	65.62

Competitive Comparison of Forum Mobile's Days Payable

For the Telecom Services subindustry, Forum Mobile'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.

Forum Mobile's Days Payable Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Forum Mobile's Days Payable distribution charts can be found below:

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

Forum Mobile 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.

Forum Mobile's Days Payable for the fiscal year that ended in Dec. 2005 is calculated as

	Days Payable (A: Dec. 2005 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2004 )	+	Accounts Payable (A: Dec. 2005 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2005 )	*	Days in Period
=	( (0.098	+	4.949)	/	2 )	/	22.301	*	365
=	2.5235					/	22.301	*	365
=	41.30

Forum Mobile's Days Payable for the quarter that ended in Jun. 2006 is calculated as:

	Days Payable (Q: Jun. 2006 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2006 )	+	Accounts Payable (Q: Jun. 2006 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2006 )	*	Days in Period
=	( (3.738	+	4.099)	/	2 )	/	5.449	*	365 / 4
=	3.9185					/	5.449	*	365 / 4
=	65.62

Forum Mobile Days Payable Related Terms

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Forum Mobile (Forum Mobile) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Forum Mobile Inc (OTCPK:FRMB) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Broadway, 21st Floor, New York, NY, USA, 10004

Website

http://www.forum-mobile.com

Forum Mobile Inc is a global Mobile Virtual Network Enabler (MVNE) based in the USA. It specializes in MVNE, Mobile Services, Telecom, and cloud services. The company is active in a variety of complimentary fields such as private banking, business development and consulting and provides hosting and trading platforms. Geographically the business activities are operated through United States.

Forum Mobile (Forum Mobile) Headlines

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