HCGS (HighCom Global Security) Days Payable: 42.54 (As of Dec. 2018)

What is HighCom Global Security Days Payable?

HighCom Global Security HCGS Days Payable is 42.54 as of Dec. 2018.

HighCom Global Security's average Accounts Payable for the three months ended in Dec. 2018 was $0.74 Mil. HighCom Global Security's Cost of Goods Sold for the three months ended in Dec. 2018 was $1.58 Mil. Hence, HighCom Global Security's Days Payable for the three months ended in Dec. 2018 was 42.54.

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

HCGS's Days Payable is not ranked ^*
in the Business Services industry.
Industry Median: 46.91
* Ranked among companies with meaningful Days Payable only.

HighCom Global Security's Days Payable increased from Dec. 2017 (39.20) to Dec. 2018 (42.54). It may suggest that HighCom Global Security delayed paying its suppliers.

HighCom Global Security Days Payable Related Terms

HighCom Global Security Days Payable Historical Data

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The historical data trend for HighCom Global Security'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.

HighCom Global Security Days Payable Chart

HighCom Global Security Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Days Payable

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88.57

62.39

50.83

71.39

84.94

HighCom Global Security Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Days Payable	Get a 7-Day Free Trial															39.20	95.03	61.80	34.05	42.54

HCGS vs DTII, UUU, GWSN: Days Payable Comparison

For the Security & Protection Services subindustry, HighCom Global Security'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.

HighCom Global Security Days Payable vs Business Services Industry

For the Business Services industry and Industrials sector, HighCom Global Security's Days Payable distribution charts can be found below:

* The bar in red indicates where HighCom Global Security's Days Payable falls into.

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HighCom Global Security 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.

HighCom Global Security's Days Payable for the fiscal year that ended in Dec. 2018 is calculated as

	Days Payable (A: Dec. 2018 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2017 )	+	Accounts Payable (A: Dec. 2018 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2018 )	*	Days in Period
=	( (0.94	+	1.139)	/	2 )	/	4.467	*	365
=	1.0395					/	4.467	*	365
=	84.94

HighCom Global Security's Days Payable for the quarter that ended in Dec. 2018 is calculated as:

	Days Payable (Q: Dec. 2018 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2018 )	+	Accounts Payable (Q: Dec. 2018 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2018 )	*	Days in Period
=	( (0.336	+	1.139)	/	2 )	/	1.582	*	365 / 4
=	0.7375					/	1.582	*	365 / 4
=	42.54

Frequently Asked Questions Learn more about Days Payable →

What does a Days Payable of 42.54 mean?

HighCom Global Security (HCGS) has a Days Payable of 42.54 as of Dec. 2018. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on HighCom Global Security and its competitors.

Is HighCom Global Security's Days Payable too high?

HighCom Global Security's current Days Payable is 42.54. The Business Services industry median Days Payable is 46.91. HighCom Global Security's value of 42.54 is 9.3% below this industry median.

How does HighCom Global Security's Days Payable compare to DTII and UUU?

HighCom Global Security's Days Payable of 42.54 can be compared against companies in the Business Services industry. The industry median Days Payable is 46.91. HighCom Global Security's value of 42.54 is 9.3% 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 Business Services company?

The median Days Payable among Business Services companies is 46.91, based on 942 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. HighCom Global Security's current Days Payable of 42.54 is 9.3% 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 HighCom Global Security and its competitors. For the Business Services industry, the median Days Payable is 46.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HighCom Global Security's current Days Payable is 42.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is HighCom Global Security stock overvalued right now?

HighCom Global Security (HCGS) has a current Days Payable of 42.54. The current Days Payable is 42.54 and 9.3% below the Business Services industry median of 46.91. 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 HighCom Global Security (HCGS), the current Days Payable is 42.54 as of Dec. 2018. 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.

HighCom Global Security Business Description

Industry Industrials Business Services

Comparable Companies BOM:536672 LSE:PHSC ASX:MSG BOM:541945 DTII XSAT:CSEC WAR:MMA TSXV:PTE ASX:KKL WAR:GWR UUU BOM:509015 OSTO:CONF XSAT:VSEC BOM:531404 ASX:DTI XSAT:SAFE BOM:517393 GWSN BOM:531370

Address 2901 East 4th Avenue, Unit J, Columbus, OH, USA, 43219

Website http://www.highcomglobal.com

HighCom Global Security Inc is a provider of equipment and services for the security and defense industries. It acquires, manages and builds businesses which provide specialized, mission-critical solutions that address the needs of its customers. The company's businesses continuously develops solutions that enable customers to achieve their objectives. Its HighCom Armor division provides high performance and affordable body armor, personal protective equipment, and armor systems and related accessories, while its BlastGard division has patented BlastWrap technology that acts as a virtual tent to effectively mitigate blast effects and suppress post-blast fires.