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


What is Forum Mobile Days Payable?

Forum Mobile FRMB -99.00% Days Payable is 65.62 as of Jun. 2006.

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: 106.335
* 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

* Premium members only.

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.

Forum Mobile Days Payable Chart

Forum Mobile Annual Data
Trend Dec00 Dec01 Dec02 Dec03 Dec04 Dec05
Days Payable
Get a 7-Day Free Trial 110.55 142.81 0.00 0.00 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 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 93.80 74.22 64.87 69.38 65.62

FRMB vs DIRV, FULO, TOWTF: Days Payable Comparison

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 Days Payable vs 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

* 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 65.62 mean?
Forum Mobile (FRMB) has a Days Payable of 65.62 as of Jun. 2006. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Forum Mobile and its competitors.
Is Forum Mobile's Days Payable too high?
Forum Mobile's current Days Payable is 65.62. The Telecommunication Services industry median Days Payable is 106.34. Forum Mobile's value of 65.62 is 38.3% below this industry median.
How does Forum Mobile's Days Payable compare to DIRV and FULO?
Forum Mobile's Days Payable of 65.62 can be compared against companies in the Telecommunication Services industry. The industry median Days Payable is 106.34. Forum Mobile's value of 65.62 is 38.3% below 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 Telecommunication Services company?
The median Days Payable among Telecommunication Services companies is 106.34, based on 342 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. Forum Mobile's current Days Payable of 65.62 is 38.3% below 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 Forum Mobile and its competitors. For the Telecommunication Services industry, the median Days Payable is 106.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forum Mobile's current Days Payable is 65.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forum Mobile stock overvalued right now?
Forum Mobile (FRMB) has a current Days Payable of 65.62. The current Days Payable is 65.62 and 38.3% below the Telecommunication Services industry median of 106.34. 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 Forum Mobile (FRMB), the current Days Payable is 65.62 as of Jun. 2006. 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.

Forum Mobile Business Description

Address 26 Broadway, 21st Floor, New York, NY, USA, 10004
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 complementary fields such as private banking, business development, and consulting, and provides hosting and trading platforms. Geographically the business activities are operated through the United States.