FRTN (Fortran) Days Payable: 27.74 (As of Jun. 2008)


What is Fortran Days Payable?

Fortran FRTN -41.92% Days Payable is 27.74 as of Jun. 2008.

Fortran's average Accounts Payable for the three months ended in Jun. 2008 was $1.21 Mil. Fortran's Cost of Goods Sold for the three months ended in Jun. 2008 was $3.98 Mil. Hence, Fortran's Days Payable for the three months ended in Jun. 2008 was 27.74.

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

FRTN's Days Payable is not ranked *
in the Telecommunication Services industry.
Industry Median: 106.335
* Ranked among companies with meaningful Days Payable only.

Fortran's Days Payable increased from Jun. 2007 (24.76) to Jun. 2008 (27.74). It may suggest that Fortran delayed paying its suppliers.

Fortran Days Payable Historical Data

* Premium members only.

The historical data trend for Fortran'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.

Fortran Days Payable Chart

Fortran 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 14.83 17.38 21.05 20.36 22.55

Fortran 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 24.76 28.74 30.17 28.01 27.74

FRTN vs FULO, TWER, DTGI: Days Payable Comparison

For the Telecom Services subindustry, Fortran'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.

Fortran Days Payable vs Telecommunication Services Industry

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

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


Fortran 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.

Fortran'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
=( (1.218 + 1.218) / 2 ) / 19.718*365
=1.218 / 19.718*365
=22.55

Fortran'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
=( (1.445 + 0.977) / 2 ) / 3.983*365 / 4
=1.211 / 3.983*365 / 4
=27.74

* 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 27.74 mean?
Fortran (FRTN) has a Days Payable of 27.74 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 Fortran and its competitors.
Is Fortran's Days Payable too high?
Fortran's current Days Payable is 27.74. The Telecommunication Services industry median Days Payable is 106.34. Fortran's value of 27.74 is 73.9% below this industry median.
How does Fortran's Days Payable compare to FULO and TWER?
Fortran's Days Payable of 27.74 can be compared against companies in the Telecommunication Services industry. The industry median Days Payable is 106.34. Fortran's value of 27.74 is 73.9% 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 340 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. Fortran's current Days Payable of 27.74 is 73.9% 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 Fortran 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. Fortran's current Days Payable is 27.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortran stock overvalued right now?
Fortran (FRTN) has a current Days Payable of 27.74. The current Days Payable is 27.74 and 73.9% 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 Fortran (FRTN), the current Days Payable is 27.74 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.

Fortran Business Description

Address 324 US 70 S.W, Hickory, NC, USA, 28602
Fortran Corp is engaged in the sales, installation, and service of telecommunication systems in North Carolina, South Carolina, and Florida. It generates revenue through designing, sourcing, implementing, and maintaining complex telecommunications solutions. The company is focused on converting the historical and traditional Telecom business model to a Telecom-As-A-Service (TaaS) and is comprised of engineering and design, network services, technical certifications, regional sales teams, remote monitoring, on-site service, dedicated sales, and support.