IC Group Holdings (TSXV:ICGH) Days Payable: 105.06 (As of Mar. 2026) — 12% Below Median

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TSXV:ICGH IC Group Holdings Inc TSXV:ICGH
13 GF Score
Price C$0.43
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What is IC Group Holdings Days Payable?

IC Group Holdings TSXV:ICGH 13 Days Payable is 105.06 as of Mar. 2026, which is 12% below its 10-year median of 119.30. GuruFocus rates TSXV:ICGH with a GF Score™ of 13/100. The stock has 1 warning sign investors should review. Among 911 Media - Diversified companies, IC Group Holdings ranks better than 63.56% on this metric.

IC Group Holdings's average Accounts Payable for the three months ended in Mar. 2026 was C$5.12 Mil. IC Group Holdings's Cost of Goods Sold for the three months ended in Mar. 2026 was C$4.44 Mil. Hence, IC Group Holdings's Days Payable for the three months ended in Mar. 2026 was 105.06.

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

TSXV:ICGH' s Days Payable Range Over the Past 10 Years
Min: 114.61   Med: 119.3   Max: 130.72
Current: 123.43

During the past 5 years, IC Group Holdings's highest Days Payable was 130.72. The lowest was 114.61. And the median was 119.30.

TSXV:ICGH's Days Payable is ranked better than
63.56% of 911 companies
in the Media - Diversified industry
Industry Median: 82.53 vs TSXV:ICGH: 123.43

IC Group Holdings's Days Payable declined from Mar. 2025 (121.26) to Mar. 2026 (105.06). It may suggest that IC Group Holdings accelerated paying its suppliers.


IC Group Holdings Days Payable Historical Data

* Premium members only.

The historical data trend for IC Group 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.

IC Group Holdings Days Payable Chart

IC Group Holdings Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
0.00 120.98 117.62 130.72 114.61

IC Group Holdings Quarterly Data
Dec21 Dec22 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 121.26 130.55 131.29 139.40 105.06

TSXV:ICGH vs APP, OMC, TTD: Days Payable Comparison

For the Advertising Agencies subindustry, IC Group 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.


IC Group Holdings Days Payable vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, IC Group Holdings's Days Payable distribution charts can be found below:

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


TSXV:ICGH
13GF Score
IC Group Holdings Inc TSXV:ICGH
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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IC Group 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.

IC Group Holdings's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (3.91 + 5.239) / 2 ) / 14.569*365
=4.5745 / 14.569*365
=114.61

IC Group Holdings's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (5.239 + 4.992) / 2 ) / 4.443*365 / 4
=5.1155 / 4.443*365 / 4
=105.06

* 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 105.06 mean?
IC Group Holdings (TSXV:ICGH) has a Days Payable of 105.06 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on IC Group Holdings and its competitors. This is 12% below median its historical median of 119.30. Over the past decade, IC Group Holdings' Days Payable has ranged from 114.61 to 130.72. According to the industry distribution chart, IC Group Holdings ranks #332 out of 911 companies in the Media - Diversified industry, placing it in the top 36.4%.
Is IC Group Holdings' Days Payable too high?
IC Group Holdings' current Days Payable of 105.06 is 12% below median its 10-year median of 119.30. Over the past 10 years, this metric has ranged from a low of 114.61 to a high of 130.72. The Media - Diversified industry median Days Payable is 82.53. IC Group Holdings' value of 105.06 is 27.3% above this industry median. Based on the distribution chart, IC Group Holdings ranks #332 out of 911 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, IC Group Holdings has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does IC Group Holdings' Days Payable compare to APP and OMC?
According to the Media - Diversified industry distribution chart, IC Group Holdings ranks #332 out of 911 companies for Days Payable. This puts IC Group Holdings in the upper half of its industry. The industry median Days Payable is 82.53. IC Group Holdings' value of 105.06 is 27.3% above this benchmark. Historically, IC Group Holdings' own Days Payable has ranged from 114.61 to 130.72 over the past decade. While the company's 10-year median is 119.30 vs. the industry median of 82.53, IC Group Holdings has consistently been above the industry average. 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 a Media - Diversified company?
The median Days Payable among Media - Diversified companies is 82.53, based on 911 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. IC Group Holdings's current Days Payable of 105.06 is 27.3% 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 IC Group Holdings and its competitors. For the Media - Diversified industry, the median Days Payable is 82.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IC Group Holdings's current Days Payable is 105.06, which is 12% below median its own 10-year median of 119.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IC Group Holdings stock overvalued right now?
IC Group Holdings (TSXV:ICGH) has a current Days Payable of 105.06. The current Days Payable is 105.06, which is 12% below median its 10-year median of 119.30 and 27.3% above the Media - Diversified industry median of 82.53. IC Group Holdings' overall GF Score™ is 13/100 with 1 warning sign to review. 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 IC Group Holdings (TSXV:ICGH), the current Days Payable is 105.06 as of Mar. 2026. 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.

IC Group Holdings Business Description

Address 383 Dovercourt Drive, Winnipeg, MB, CAN, R3Y 1G4
IC Group Holdings Inc is a marketing services technology company, powering consumer engagement and promotions for Fortune 500 Brands. It is delivering impactful digital promotions, loyalty, rebate, mobile messaging, and speciality insurance solutions in world-wide jurisdictions. The Company delivers digital promotions and consumer engagement programs for customers in over 20 countries. The company operates in three segments: IC Engage, IC Mobile, and IC Insurance. The majority of its revenue is generated from the IC Engage, which delivers turnkey and custom enterprise digital promotions, including gamified content, loyalty, reward, and incentive solutions across digital channels, customer ecosystems, and live events to capture data and drive commerce.
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