IMRIS (IMRSQ) Days Payable: 89.96 (As of Dec. 2014)


What is IMRIS Days Payable?

IMRIS IMRSQ Days Payable is 89.96 as of Dec. 2014.

IMRIS's average Accounts Payable for the three months ended in Dec. 2014 was $5.77 Mil. IMRIS's Cost of Goods Sold for the three months ended in Dec. 2014 was $5.85 Mil. Hence, IMRIS's Days Payable for the three months ended in Dec. 2014 was 89.96.

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

IMRSQ's Days Payable is not ranked *
in the Medical Devices & Instruments industry.
Industry Median: 68.07
* Ranked among companies with meaningful Days Payable only.

IMRIS's Days Payable declined from Dec. 2013 (123.27) to Dec. 2014 (89.96). It may suggest that IMRIS accelerated paying its suppliers.

IMRIS Days Payable Historical Data

* Premium members only.

The historical data trend for IMRIS'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.

IMRIS Days Payable Chart

IMRIS Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14
Days Payable
Get a 7-Day Free Trial Premium Member Only 0.00 0.00 52.87 80.26 145.87

IMRIS Quarterly Data
Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14
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 123.27 139.25 328.59 110.02 89.96

IMRSQ vs IVOB, IGNG, IRIX: Days Payable Comparison

For the Medical Devices subindustry, IMRIS'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.

IMRIS Days Payable vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, IMRIS's Days Payable distribution charts can be found below:

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


IMRIS 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.

IMRIS's Days Payable for the fiscal year that ended in Dec. 2014 is calculated as

Days Payable (A: Dec. 2014 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2013 ) + Accounts Payable (A: Dec. 2014 )) / count ) / Cost of Goods Sold (A: Dec. 2014 )*Days in Period
=( (8.344 + 6.81) / 2 ) / 18.959*365
=7.577 / 18.959*365
=145.87

IMRIS's Days Payable for the quarter that ended in Dec. 2014 is calculated as:

Days Payable (Q: Dec. 2014 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2014 ) + Accounts Payable (Q: Dec. 2014 )) / count ) / Cost of Goods Sold (Q: Dec. 2014 )*Days in Period
=( (4.732 + 6.81) / 2 ) / 5.854*365 / 4
=5.771 / 5.854*365 / 4
=89.96

* 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 89.96 mean?
IMRIS (IMRSQ) has a Days Payable of 89.96 as of Dec. 2014. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on IMRIS and its competitors.
Is IMRIS's Days Payable too high?
IMRIS's current Days Payable is 89.96. The Medical Devices & Instruments industry median Days Payable is 68.07. IMRIS's value of 89.96 is 32.2% above this industry median.
How does IMRIS's Days Payable compare to IVOB and IGNG?
IMRIS's Days Payable of 89.96 can be compared against companies in the Medical Devices & Instruments industry. The industry median Days Payable is 68.07. IMRIS's value of 89.96 is 32.2% 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 Medical Devices & Instruments company?
The median Days Payable among Medical Devices & Instruments companies is 68.07, based on 795 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. IMRIS's current Days Payable of 89.96 is 32.2% 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 IMRIS and its competitors. For the Medical Devices & Instruments industry, the median Days Payable is 68.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IMRIS's current Days Payable is 89.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IMRIS stock overvalued right now?
IMRIS (IMRSQ) has a current Days Payable of 89.96. The current Days Payable is 89.96 and 32.2% above the Medical Devices & Instruments industry median of 68.07. 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 IMRIS (IMRSQ), the current Days Payable is 89.96 as of Dec. 2014. 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.

IMRIS Business Description

Address 1230 Chaska Creek Way, Suite 100, Chaska, MN, USA, 55318
IMRIS Inc provides integrated intraoperative imaging environments that deliver real-time MRI and imaging data during surgical and interventional procedures. The Operating Suite of the company enables imaging directly within the OR, enhancing clinical decision-making. The company also designs and manufactures proprietary head fixation devices, imaging coils, and OR tables tailored for this specialized setting.