iNeedMD Holdings (iNeedMD Holdings) Days Payable : 0.00 (As of Mar. 2016)

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What is iNeedMD Holdings Days Payable?

iNeedMD Holdings's average Accounts Payable for the three months ended in Mar. 2016 was $0.00 Mil. iNeedMD Holdings's Cost of Goods Sold for the three months ended in Mar. 2016 was $0.84 Mil. Hence, iNeedMD Holdings's Days Payable for the three months ended in Mar. 2016 was 0.00.

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

NEMD's Days Payable is not ranked ^*
in the Medical Devices & Instruments industry.
Industry Median: 72.72
* Ranked among companies with meaningful Days Payable only.

iNeedMD Holdings's Days Payable declined from Mar. 2015 (212.92) to Mar. 2016 (0.00). It may suggest that iNeedMD Holdings accelerated paying its suppliers.

iNeedMD Holdings Days Payable Historical Data

The historical data trend for iNeedMD Holdings'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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iNeedMD Holdings Days Payable Chart

iNeedMD Holdings Annual Data

Trend

Nov12

Nov13

Nov14

Dec15

Days Payable

74.06

iNeedMD Holdings Quarterly Data
	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Mar15	Jun15	Sep15	Dec15	Mar16
Days Payable	Get a 7-Day Free Trial										212.92	-	-	-	-

Competitive Comparison of iNeedMD Holdings's Days Payable

For the Medical Devices subindustry, iNeedMD Holdings'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.

iNeedMD Holdings's Days Payable Distribution in the Medical Devices & Instruments Industry

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

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

iNeedMD Holdings 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.

iNeedMD Holdings's Days Payable for the fiscal year that ended in Dec. 2015 is calculated as

	Days Payable (A: Dec. 2015 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Nov. 2014 )	+	Accounts Payable (A: Dec. 2015 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2015 )	*	Days in Period
=	( (0.028	+	0)	/	1 )	/	0.138	*	365
=	0.028					/	0.138	*	365
=	74.06

iNeedMD Holdings's Days Payable for the quarter that ended in Mar. 2016 is calculated as:

	Days Payable (Q: Mar. 2016 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2015 )	+	Accounts Payable (Q: Mar. 2016 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2016 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0.839	*	365 / 4
=	0					/	0.839	*	365 / 4
=	0.00

iNeedMD Holdings Days Payable Related Terms

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iNeedMD Holdings (iNeedMD Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » iNeedMD Holdings Inc (GREY:NEMD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

650 First Avenue, Third Floor, New York, NY, USA, 10016

Website

http://www.ineedmd.com

iNeedMD Holdings Inc is a United States of America based medical device development company. The company's products include The EKG Glove and Portable ECG devices. Its product development programs focus on easy-to-use systems for collecting a plurality of diagnostic information and transmitting that data to local and remote locations. The EKG Glove provides healthcare workers with a standardized ECG solution that enables to quickly and accurately assess an individual's cardiac health.

Executives

Thomas Albert Nicolette

director, officer: President and CEO

7 SPRING HOLLOW ROAD, CENTERPORT NY 11721

iNeedMD Holdings (iNeedMD Holdings) Headlines

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