ICNB (Iconic Brands) Days Payable: 438.80 (As of Mar. 2023)


ICNB Iconic Brands Inc ICNB
12 GF Score
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What is Iconic Brands Days Payable?

Iconic Brands ICNB -99.00% 12 Days Payable is 438.80 as of Mar. 2023. GuruFocus rates ICNB with a GF Score™ of 12/100.

Iconic Brands's average Accounts Payable for the three months ended in Mar. 2023 was $5.41 Mil. Iconic Brands's Cost of Goods Sold for the three months ended in Mar. 2023 was $1.12 Mil. Hence, Iconic Brands's Days Payable for the three months ended in Mar. 2023 was 438.80.

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

ICNB's Days Payable is not ranked *
in the Beverages - Alcoholic industry.
Industry Median: 80.855
* Ranked among companies with meaningful Days Payable only.

Iconic Brands's Days Payable increased from Mar. 2022 (98.14) to Mar. 2023 (438.80). It may suggest that Iconic Brands delayed paying its suppliers.

Iconic Brands Days Payable Historical Data

* Premium members only.

The historical data trend for Iconic Brands'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.

Iconic Brands Days Payable Chart

Iconic Brands Annual Data
Trend Dec12 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 245.39 227.01 299.18 110.86 105.45

Iconic Brands Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 98.14 72.81 163.35 288.76 438.80

ICNB vs STZ, BF.B: Days Payable Comparison

For the Beverages - Wineries & Distilleries subindustry, Iconic Brands'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.

Iconic Brands Days Payable vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Iconic Brands's Days Payable distribution charts can be found below:

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


ICNB
12GF Score
Iconic Brands Inc ICNB
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Iconic Brands 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.

Iconic Brands's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

Days Payable (A: Dec. 2022 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2021 ) + Accounts Payable (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (1.368 + 5.111) / 2 ) / 11.213*365
=3.2395 / 11.213*365
=105.45

Iconic Brands's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

Days Payable (Q: Mar. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2022 ) + Accounts Payable (Q: Mar. 2023 )) / count ) / Cost of Goods Sold (Q: Mar. 2023 )*Days in Period
=( (5.111 + 5.699) / 2 ) / 1.124*365 / 4
=5.405 / 1.124*365 / 4
=438.80

* 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 438.80 mean?
Iconic Brands (ICNB) has a Days Payable of 438.80 as of Mar. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Iconic Brands and its competitors.
Is Iconic Brands' Days Payable too high?
Iconic Brands' current Days Payable is 438.80. The Beverages - Alcoholic industry median Days Payable is 80.86. Iconic Brands' value of 438.80 is 442.7% above this industry median. Overall, Iconic Brands has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Iconic Brands' Days Payable compare to STZ and BF.B?
Iconic Brands' Days Payable of 438.80 can be compared against companies in the Beverages - Alcoholic industry. The industry median Days Payable is 80.86. Iconic Brands' value of 438.80 is 442.7% 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 Beverages - Alcoholic company?
The median Days Payable among Beverages - Alcoholic companies is 80.86, based on 202 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. Iconic Brands's current Days Payable of 438.80 is 442.7% 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 Iconic Brands and its competitors. For the Beverages - Alcoholic industry, the median Days Payable is 80.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Iconic Brands's current Days Payable is 438.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Iconic Brands stock overvalued right now?
Iconic Brands (ICNB) has a current Days Payable of 438.80. The current Days Payable is 438.80 and 442.7% above the Beverages - Alcoholic industry median of 80.86. Iconic Brands' overall GF Score™ is 12/100. 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 Iconic Brands (ICNB), the current Days Payable is 438.80 as of Mar. 2023. 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.

Iconic Brands Business Description

Address 44 Seabro Avenue, Amityville, NY, USA, 11701
Iconic Brands Inc is engaged in the development and sale of alcohol and non-alcohol brands that are Better-for-You (BFY) and Better-for-the-Planet. The company's brands include Bellissima by Christie Brinkley, a premium BFY collection of Prosecco, Sparkling Wines, and Still Wines, all certified vegan and made with organic grapes. The Company has two reportable segments: the sale of branded alcoholic beverages segment includes the development and sale of alcohol and non-alcohol brands that are BFY and better-for-the-planet and the specialty packaging segment includes the packaging of low-calorie, ready-to-go products, RTF products, and RTD products in sustainable, flexible and stand-up pouch packaging.
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