LSCG (Lighting Science Group) Days Payable: 147.31 (As of Mar. 2017)


What is Lighting Science Group Days Payable?

Lighting Science Group LSCG Days Payable is 147.31 as of Mar. 2017.

Lighting Science Group's average Accounts Payable for the three months ended in Mar. 2017 was $11.87 Mil. Lighting Science Group's Cost of Goods Sold for the three months ended in Mar. 2017 was $7.36 Mil. Hence, Lighting Science Group's Days Payable for the three months ended in Mar. 2017 was 147.31.

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

LSCG's Days Payable is not ranked *
in the Industrial Products industry.
Industry Median: 77.54
* Ranked among companies with meaningful Days Payable only.

Lighting Science Group's Days Payable increased from Mar. 2016 (74.11) to Mar. 2017 (147.31). It may suggest that Lighting Science Group delayed paying its suppliers.

Lighting Science Group Days Payable Historical Data

* Premium members only.

The historical data trend for Lighting Science 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.

Lighting Science Group Days Payable Chart

Lighting Science Group Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 54.84 57.28 73.55 86.68 106.31

Lighting Science Group Quarterly Data
Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17
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 74.11 78.57 82.12 117.66 147.31

LSCG vs GNAL, WAYS, ALPP: Days Payable Comparison

For the Electrical Equipment & Parts subindustry, Lighting Science 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.

Lighting Science Group Days Payable vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Lighting Science Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Lighting Science Group's Days Payable falls into.


Lighting Science 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.

Lighting Science Group's Days Payable for the fiscal year that ended in Dec. 2016 is calculated as

Days Payable (A: Dec. 2016 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2015 ) + Accounts Payable (A: Dec. 2016 )) / count ) / Cost of Goods Sold (A: Dec. 2016 )*Days in Period
=( (13.193 + 13.846) / 2 ) / 46.418*365
=13.5195 / 46.418*365
=106.31

Lighting Science Group's Days Payable for the quarter that ended in Mar. 2017 is calculated as:

Days Payable (Q: Mar. 2017 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2016 ) + Accounts Payable (Q: Mar. 2017 )) / count ) / Cost of Goods Sold (Q: Mar. 2017 )*Days in Period
=( (13.846 + 9.901) / 2 ) / 7.355*365 / 4
=11.8735 / 7.355*365 / 4
=147.31

* 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 147.31 mean?
Lighting Science Group (LSCG) has a Days Payable of 147.31 as of Mar. 2017. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Lighting Science Group and its competitors.
Is Lighting Science Group's Days Payable too high?
Lighting Science Group's current Days Payable is 147.31. The Industrial Products industry median Days Payable is 77.54. Lighting Science Group's value of 147.31 is 90% above this industry median.
How does Lighting Science Group's Days Payable compare to GNAL and WAYS?
Lighting Science Group's Days Payable of 147.31 can be compared against companies in the Industrial Products industry. The industry median Days Payable is 77.54. Lighting Science Group's value of 147.31 is 90% 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 an Industrial Products company?
The median Days Payable among Industrial Products companies is 77.54, based on 2,997 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. Lighting Science Group's current Days Payable of 147.31 is 90% 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 Lighting Science Group and its competitors. For the Industrial Products industry, the median Days Payable is 77.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lighting Science Group's current Days Payable is 147.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lighting Science Group stock overvalued right now?
Lighting Science Group (LSCG) has a current Days Payable of 147.31. The current Days Payable is 147.31 and 90% above the Industrial Products industry median of 77.54. 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 Lighting Science Group (LSCG), the current Days Payable is 147.31 as of Mar. 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.

Lighting Science Group Business Description

Address 1350 Division Road, Suite 204, West Warwick, RI, USA, 02893
Lighting Science Group Corp provides LED solutions for home and businesses. Its products include LED lights, biological lamps, types of bulbs, LED tubes, grow light, solar street light, durabulb etc. The company has patents for its most of the products.