LGMK (LogicMark) Days Payable : 78.29 (As of Dec. 2024)

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What is LogicMark Days Payable?

LogicMark's average Accounts Payable for the three months ended in Dec. 2024 was $0.65 Mil. LogicMark's Cost of Goods Sold for the three months ended in Dec. 2024 was $0.76 Mil. Hence, LogicMark's Days Payable for the three months ended in Dec. 2024 was 78.29.

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

LGMK' s Days Payable Range Over the Past 10 Years
Min: 45.38 Med: 123.39 Max: 235.79
Current: 83.51

During the past 13 years, LogicMark's highest Days Payable was 235.79. The lowest was 45.38. And the median was 123.39.

LGMK's Days Payable is ranked better than
63.85% of 603 companies
in the Healthcare Providers & Services industry
Industry Median: 57.48 vs LGMK: 83.51

LogicMark's Days Payable declined from Dec. 2023 (89.37) to Dec. 2024 (78.29). It may suggest that LogicMark accelerated paying its suppliers.

LogicMark Days Payable Historical Data

The historical data trend for LogicMark'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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LogicMark Days Payable Chart

LogicMark Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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235.79

139.60

45.38

87.90

91.75

LogicMark Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															89.37	89.84	90.96	68.01	78.29

Competitive Comparison of LogicMark's Days Payable

For the Health Information Services subindustry, LogicMark'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.

LogicMark's Days Payable Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, LogicMark's Days Payable distribution charts can be found below:

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

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LogicMark 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.

LogicMark's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (0.902	+	0.75)	/	2 )	/	3.286	*	365
=	0.826					/	3.286	*	365
=	91.75

LogicMark's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (0.549	+	0.75)	/	2 )	/	0.757	*	365 / 4
=	0.6495					/	0.757	*	365 / 4
=	78.29

LogicMark Days Payable Related Terms

Thank you for viewing the detailed overview of LogicMark's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

LogicMark Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » LogicMark Inc (NAS:LGMK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

0KA8:UK

Address

2801 Diode Lane, Louisville, KY, USA, 40299

Website

https://www.logicmark.com

LogicMark Inc provides personal emergency response systems (PERS), health communications devices, and IoT technologies to create a connected care platform. Its devices give people the ability to receive care at home and confidence to age in place. The company incorporates two-way voice communication technology directly into its medical alert pendant and provides this life-saving technology at a price point that everyday consumers can afford.

Executives

Carine Schneider	director	C/O LOGICMARK INC., 2801 DIODE LANE, LOUISVILLE KY 40299
Robert Arthur Curtis	director	C/O TECHNEST HOLDINGS, INC., 10411 MOTOR CITY DR. #650, BETHESDA MD 20817
Barbara Gutierrez	director	8950 E. LOWRY BLVD., DENVER CO 80230
John P Pettitt	director	3031 TISCH WAY, STE 900, SAN JOSE CA 95128
Sherice Torres	director	PO BOX 20833, SAN JOSE CA 95160
Mark Archer	officer: Chief Financial Officer	C/O NXT-ID, INC., 2801 DIODE LANE, LOUISVILLE KY 40299
Chia-lin Simmons	director, officer: Chief Executive Officer	288 CHRISTIAN STREET, HANGAR C 2ND FLOOR, OXFORD CT 06478
Michael Joseph Orlando	director, officer: Chief Operating Officer	1806 145TH PL SE, MILL CREEK WA 98012
C. David Tunnell	director, 10 percent owner, officer: Chief Technology Officer	1721 WINDING RIDGE CIRCLE SE, PALM BAY FL 32909
Worldventures Holdings, Llc	10 percent owner	5100 TENNYSON PARKWAY, PLANO TX 75024
Wayne Tilman Nugent	10 percent owner	5100 TENNYSON PARKWAY, PLANO TX 75024
Stanley Eric Washington	director	3745 OLYMPIAD DRIVE, LOS ANGELES CA 90043
Vincent S Miceli	officer: Vice President and CFO	87 GRANDVIEW AVENUE, WATERBURY CT 06708
Daniel P Sharkey	director
Michael D'almada-remedios	director	5610 TROON COURT, DISCOVERY BAY CA 94505-9299