IGSC (IGS Capital Group) Days Payable: 16.59 (As of Dec. 2017)


What is IGS Capital Group Days Payable?

IGS Capital Group IGSC -11.20% Days Payable is 16.59 as of Dec. 2017.

IGS Capital Group's average Accounts Payable for the three months ended in Dec. 2017 was $0.01 Mil. IGS Capital Group's Cost of Goods Sold for the three months ended in Dec. 2017 was $0.07 Mil. Hence, IGS Capital Group's Days Payable for the three months ended in Dec. 2017 was 16.59.

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

IGSC's Days Payable is not ranked *
in the Building Materials industry.
Industry Median: 69.765
* Ranked among companies with meaningful Days Payable only.

IGS Capital Group's Days Payable increased from Dec. 2016 (0.00) to Dec. 2017 (16.59). It may suggest that IGS Capital Group delayed paying its suppliers.

IGS Capital Group Days Payable Historical Data

* Premium members only.

The historical data trend for IGS Capital Group'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.

IGS Capital Group Days Payable Chart

IGS Capital Group Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 81.59

IGS Capital Group Quarterly Data
Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17
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 0.00 0.00 0.00 24.01 16.59

IGSC vs PUSH, IFMK, HWIN: Days Payable Comparison

For the Building Materials subindustry, IGS Capital Group'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.

IGS Capital Group Days Payable vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, IGS Capital Group's Days Payable distribution charts can be found below:

* The bar in red indicates where IGS Capital Group's Days Payable falls into.


IGS Capital Group 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.

IGS Capital Group's Days Payable for the fiscal year that ended in Dec. 2017 is calculated as

Days Payable (A: Dec. 2017 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2016 ) + Accounts Payable (A: Dec. 2017 )) / count ) / Cost of Goods Sold (A: Dec. 2017 )*Days in Period
=( (0 + 0.019) / 1 ) / 0.085*365
=0.019 / 0.085*365
=81.59

IGS Capital Group's Days Payable for the quarter that ended in Dec. 2017 is calculated as:

Days Payable (Q: Dec. 2017 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2017 ) + Accounts Payable (Q: Dec. 2017 )) / count ) / Cost of Goods Sold (Q: Dec. 2017 )*Days in Period
=( (0.005 + 0.019) / 2 ) / 0.066*365 / 4
=0.012 / 0.066*365 / 4
=16.59

* 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 16.59 mean?
IGS Capital Group (IGSC) has a Days Payable of 16.59 as of Dec. 2017. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on IGS Capital Group and its competitors.
Is IGS Capital Group's Days Payable too high?
IGS Capital Group's current Days Payable is 16.59. The Building Materials industry median Days Payable is 69.77. IGS Capital Group's value of 16.59 is 76.2% below this industry median.
How does IGS Capital Group's Days Payable compare to PUSH and IFMK?
IGS Capital Group's Days Payable of 16.59 can be compared against companies in the Building Materials industry. The industry median Days Payable is 69.77. IGS Capital Group's value of 16.59 is 76.2% 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 Building Materials company?
The median Days Payable among Building Materials companies is 69.77, based on 394 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. IGS Capital Group's current Days Payable of 16.59 is 76.2% 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 IGS Capital Group and its competitors. For the Building Materials industry, the median Days Payable is 69.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IGS Capital Group's current Days Payable is 16.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IGS Capital Group stock overvalued right now?
IGS Capital Group (IGSC) has a current Days Payable of 16.59. The current Days Payable is 16.59 and 76.2% below the Building Materials industry median of 69.77. 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 IGS Capital Group (IGSC), the current Days Payable is 16.59 as of Dec. 2017. 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.

IGS Capital Group Business Description

Address 7121 West Craig Road, Suite 113 PMB 1010, Las Vegas, NV, USA, 89129
IGS Capital Group Ltd operates through its subsidiary, which is engaged in the manufacturing of plastic pipes for various uses such was drinking water, storm and sewer.