Solidus Communications (Solidus Communications) Days Payable : 4,818.00 (As of Nov. 2016)

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What is Solidus Communications Days Payable?

Solidus Communications's average Accounts Payable for the six months ended in Nov. 2016 was $0.13 Mil. Solidus Communications's Cost of Goods Sold for the six months ended in Nov. 2016 was $0.01 Mil. Hence, Solidus Communications's Days Payable for the six months ended in Nov. 2016 was 2,409.00.

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

SLDC's Days Payable is not ranked ^*
in the Telecommunication Services industry.
Industry Median: 105.28
* Ranked among companies with meaningful Days Payable only.

Solidus Communications's Days Payable increased from Nov. 2014 (0.00) to Nov. 2016 (4,818.00). It may suggest that Solidus Communications delayed paying its suppliers.

Solidus Communications Days Payable Historical Data

The historical data trend for Solidus Communications'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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Solidus Communications Days Payable Chart

Solidus Communications Annual Data

Trend

Nov07

Nov08

Nov09

Nov10

Nov11

Nov12

Nov13

Nov14

Nov15

Nov16

Days Payable

Get a 7-Day Free Trial

19.25

2,494.17

4,818.00

Solidus Communications Semi-Annual Data
	Nov07	Nov08	Nov09	Nov10	Nov11	Nov12	Nov13	Nov14	Nov15	Nov16
Days Payable	Get a 7-Day Free Trial					-	19.25	-	2,494.17	4,818.00

Competitive Comparison of Solidus Communications's Days Payable

For the Telecom Services subindustry, Solidus Communications'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.

Solidus Communications's Days Payable Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Solidus Communications's Days Payable distribution charts can be found below:

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

Solidus Communications 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.

Solidus Communications's Days Payable for the fiscal year that ended in Nov. 2016 is calculated as

	Days Payable (A: Nov. 2016 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Nov. 2015 )	+	Accounts Payable (A: Nov. 2016 ))	/	count )	/	Cost of Goods Sold (A: Nov. 2016 )	*	Days in Period
=	( (0.104	+	0.16)	/	2 )	/	0.01	*	365
=	0.132					/	0.01	*	365
=	4,818.00

Solidus Communications's Days Payable for the quarter that ended in Nov. 2016 is calculated as:

	Days Payable (Q: Nov. 2016 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2015 )	+	Accounts Payable (Q: Nov. 2016 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2016 )	*	Days in Period
=	( (0.104	+	0.16)	/	2 )	/	0.01	*	365 / 2
=	0.132					/	0.01	*	365 / 2
=	2,409.00

Solidus Communications Days Payable Related Terms

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Solidus Communications (Solidus Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Solidus Communications Inc (OTCPK:SLDC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

454 South Yonge Street, Suite 3A, Ormond Beach, FL, USA, 32174

Website

https://www.soliduscommunications.com

Solidus Communications Inc offers telecommunication services and equipment, including mobile phones, mobile voice service, and VoIP service. It offers prepaid service/plans that include predefined minute/unlimited minute plans. It offers services under the brand names Amgentech and Telco Cuba. Under the brand name Telco Cuba, the company is targeting the Cuban American demographic in the United States. Under the brand name Amgentech, offers the best of breed technology solutions which include, but are not limited to Software and Network architecture services, software development, website development, hosting and colocation services, managed network and server services, voice over IP servers and bulk mailing services.

Executives

Jmz Alliance Group, Inc.	10 percent owner	1108 KANE CONCOURSE, #206, HARBOR ISLANDS FL 33154
Pucillo Frederick J. Jr.	director, officer: CEO, President	111 AIRPORT RD., UNIT 5, WARWICK RI 02889
Malkeet Singh Bains	director, 10 percent owner, officer: President, Secretary-Treasurer	7445 132ND STREET, SUITE 2008, SURREY A1 V3W 5S8

Solidus Communications (Solidus Communications) Headlines

From GuruFocus

Solidus Communications, Inc. is Pleased to Report on Direction, Growth, and Acquisitions

By sperokesalga sperokesalga • 04-18-2023

Solidus Communications Announces Appointment of Thomas A. Langford as Director

By ACCESSWIRE • 01-11-2024