ICP (IC Power) Days Payable: 70.36 (As of Sep. 2016)


What is IC Power Days Payable?

IC Power ICP Days Payable is 70.36 as of Sep. 2016.

IC Power's average Accounts Payable for the three months ended in Sep. 2016 was $307.92 Mil. IC Power's Cost of Goods Sold for the three months ended in Sep. 2016 was $399.31 Mil. Hence, IC Power's Days Payable for the three months ended in Sep. 2016 was 70.36.

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

ICP's Days Payable is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 79.64
* Ranked among companies with meaningful Days Payable only.

IC Power's Days Payable increased from Sep. 2015 (49.67) to Sep. 2016 (70.36). It may suggest that IC Power delayed paying its suppliers.

IC Power Days Payable Historical Data

* Premium members only.

The historical data trend for IC Power'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.

IC Power Days Payable Chart

IC Power Annual Data
Trend Dec12 Dec13 Dec14 Dec15
Days Payable
0.00 50.22 41.36 51.46

IC Power Quarterly Data
Dec12 Dec13 Mar14 Jun14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 49.67 55.32 53.21 63.02 70.36

ICP vs CETY, QPWR, PSPW: Days Payable Comparison

For the Utilities - Independent Power Producers subindustry, IC Power'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.

IC Power Days Payable vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, IC Power's Days Payable distribution charts can be found below:

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


IC Power 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.

IC Power's Days Payable for the fiscal year that ended in Dec. 2015 is calculated as

Days Payable (A: Dec. 2015 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2014 ) + Accounts Payable (A: Dec. 2015 )) / count ) / Cost of Goods Sold (A: Dec. 2015 )*Days in Period
=( (143.639 + 143.958) / 2 ) / 1019.899*365
=143.7985 / 1019.899*365
=51.46

IC Power's Days Payable for the quarter that ended in Sep. 2016 is calculated as:

Days Payable (Q: Sep. 2016 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2016 ) + Accounts Payable (Q: Sep. 2016 )) / count ) / Cost of Goods Sold (Q: Sep. 2016 )*Days in Period
=( (281.001 + 334.831) / 2 ) / 399.313*365 / 4
=307.916 / 399.313*365 / 4
=70.36

* 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 70.36 mean?
IC Power (ICP) has a Days Payable of 70.36 as of Sep. 2016. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on IC Power and its competitors.
Is IC Power's Days Payable too high?
IC Power's current Days Payable is 70.36. The Utilities - Independent Power Producers industry median Days Payable is 79.64. IC Power's value of 70.36 is 11.7% below this industry median.
How does IC Power's Days Payable compare to CETY and QPWR?
IC Power's Days Payable of 70.36 can be compared against companies in the Utilities - Independent Power Producers industry. The industry median Days Payable is 79.64. IC Power's value of 70.36 is 11.7% 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 an Utilities - Independent Power Producers company?
The median Days Payable among Utilities - Independent Power Producers companies is 79.64, based on 390 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. IC Power's current Days Payable of 70.36 is 11.7% 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 IC Power and its competitors. For the Utilities - Independent Power Producers industry, the median Days Payable is 79.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IC Power's current Days Payable is 70.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IC Power stock overvalued right now?
IC Power (ICP) has a current Days Payable of 70.36. The current Days Payable is 70.36 and 11.7% below the Utilities - Independent Power Producers industry median of 79.64. 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 IC Power (ICP), the current Days Payable is 70.36 as of Sep. 2016. 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.

IC Power Business Description

IC Power Pte Ltd is a holding company incorporated under the laws of Singapore in May 2015. The Company through its subsidiaries owns, develops and operates power facilities located in power generation markets in Latin America, the Caribbean and Israel, utilizing a range of fuels, including natural gas, hydroelectric, HFO, diesel and wind. The Company has installed capacity of approximately 2,642 MW. The Company operates in geographical areas including Peru; Israel; Central America including Nicaragua, Guatemala, El Salvador & Panama; and other including Bolivia, Chile, Jamaica, Colombia & Dominican Republic. The Company owns, operates and develops power plants to generate and sell electricity to distribution companies and unregulated consumers under long-term PPAs and to the spot market. The Company Peru segment includes Kallpa I, Kallpa II, Kallpa III, Kallpa IV and Las Flores turbines. The Israel segment includes OPC plant. The Central America segment includes Corinto, Tipitapa Power, Amayo I, and Amayo II in Nicaragua; Puerto Quetzal plant in Guatemala; Nejapa plant in El Salvador, and Kanan plant in Panama. The Other segment includes Zongo Valley plants including Zongo, Tiquimani, Botijlaca, Cutichucho, Santa Rosa, Sainani, Chururaqui, Harca, Cahua, & Huaji; and Miguillas Valley plants including Miguillas, Angostura, Choquetanga, Carabuco, and El Alto-Kenko all in Bolivia; Central Cardones plant in Chile; Colmito plant in Colmito; CEPP I & CEPP II in Dominican Republic; JPPC plant in Jamaica; La Hocha, Purificación, and Entrerios plants in Colombia; Pedregal in Panama. The Company offers services to governments, local distribution companies, and/or non-regulated consumers, depending upon the operating company and the particular country of operation. Its customers include Edelnor S.A.A., Luz del Sur S.A.A., Hidrandina S.A., Edecañete S.A., Electro Sur Este S.A.A., Sociedad Eléctrica del Sur Oeste, S.A., Distribuidora de Electricidad del Norte S.A., Distribuidora de Electricidad del Sur S.A., Southern Perú Copper Corporation, Empresa de Distribución Eléctrica Chiriqui, S.A., Peruvian Investment Promotion Agency, Empresa de Distribución Eléctrica Metro Oeste S.A., and others. The Company's competitors include IEC, Dorad Energy Ltd., and other IPPs. The Company's business is subject to significant and diverse government regulation.