Innovaro (Innovaro) Days Payable : 589.72 (As of Sep. 2013)

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What is Innovaro Days Payable?

Innovaro's average Accounts Payable for the three months ended in Sep. 2013 was $0.87 Mil. Innovaro's Cost of Goods Sold for the three months ended in Sep. 2013 was $0.13 Mil. Hence, Innovaro's Days Payable for the three months ended in Sep. 2013 was 589.72.

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

INNI's Days Payable is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 86.81
* Ranked among companies with meaningful Days Payable only.

Innovaro's Days Payable increased from Sep. 2012 (345.41) to Sep. 2013 (589.72). It may suggest that Innovaro delayed paying its suppliers.

Innovaro Days Payable Historical Data

The historical data trend for Innovaro'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.

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Innovaro Days Payable Chart

Innovaro Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Days Payable

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15.30

24.90

28.13

476.00

337.17

Innovaro Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
Days Payable	Get a 7-Day Free Trial															345.41	446.19	589.62	756.61	589.72

Competitive Comparison of Innovaro's Days Payable

For the Shell Companies subindustry, Innovaro'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.

Innovaro's Days Payable Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Innovaro's Days Payable distribution charts can be found below:

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

Innovaro 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.

Innovaro's Days Payable for the fiscal year that ended in Dec. 2012 is calculated as

	Days Payable (A: Dec. 2012 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2011 )	+	Accounts Payable (A: Dec. 2012 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2012 )	*	Days in Period
=	( (0.513	+	0.723)	/	2 )	/	0.669	*	365
=	0.618					/	0.669	*	365
=	337.17

Innovaro's Days Payable for the quarter that ended in Sep. 2013 is calculated as:

	Days Payable (Q: Sep. 2013 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2013 )	+	Accounts Payable (Q: Sep. 2013 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2013 )	*	Days in Period
=	( (0.803	+	0.929)	/	2 )	/	0.134	*	365 / 4
=	0.866					/	0.134	*	365 / 4
=	589.72

Innovaro Days Payable Related Terms

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Innovaro (Innovaro) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Innovaro Inc (OTCPK:INNI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

624 Tyvola Road, Suite 103, No. 186, Charlotte, NC, USA, 28217

Website

https://www.innovaroinc.com

Innovaro Inc is a shell company. It was previously engaged in software services. Currently, the company does not have any operations.

Executives

John Micek	director	300 HAMILTON AVENUE, 4TH FLOOR, PALO ALTO CA 94301
Mark S Berset	director	700 CENTRAL AVE, SAINT PETERSBURG FL 33701
Bruce Lucas	director	2109 E. PALM AVENUE, TAMPA FL 33605
Charles L Pope	director	4902 EISENHOWER BOULEVARD, TAMPA FL 33634
David G Mooring	officer: VICE PRESIDENT	RAMBUS INC, 4444 EL CAMINO REAL, LOS ALTOS CA 94022

Innovaro (Innovaro) Headlines

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