Icarus Capital (TSXV:ICRS) Days Payable : 18.69 (As of Sep. 2024)

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What is Icarus Capital Days Payable?

Icarus Capital's average Accounts Payable for the three months ended in Sep. 2024 was C$0.03 Mil. Icarus Capital's Cost of Goods Sold for the three months ended in Sep. 2024 was C$0.14 Mil. Hence, Icarus Capital's Days Payable for the three months ended in Sep. 2024 was 18.69.

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

TSXV:ICRS' s Days Payable Range Over the Past 10 Years
Min: 21.41 Med: 54.68 Max: 54.68
Current: 21.41

During the past 3 years, Icarus Capital's highest Days Payable was 54.68. The lowest was 21.41. And the median was 54.68.

TSXV:ICRS's Days Payable is ranked worse than
85.33% of 75 companies
in the Diversified Financial Services industry
Industry Median: 132.05 vs TSXV:ICRS: 21.41

Icarus Capital's Days Payable increased from Jun. 2023 (0.00) to Sep. 2024 (18.69). It may suggest that Icarus Capital delayed paying its suppliers.

Icarus Capital Days Payable Historical Data

The historical data trend for Icarus Capital'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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Icarus Capital Days Payable Chart

Icarus Capital Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

54.68

Icarus Capital Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
Days Payable	Get a 7-Day Free Trial								-	-	15.52	17.70	18.69

Competitive Comparison of Icarus Capital's Days Payable

For the Shell Companies subindustry, Icarus Capital'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.

Icarus Capital's Days Payable Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Icarus Capital's Days Payable distribution charts can be found below:

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

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Icarus Capital 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.

Icarus Capital's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0.032	+	0.042)	/	2 )	/	0.247	*	365
=	0.037					/	0.247	*	365
=	54.68

Icarus Capital's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0.029	+	0.03)	/	2 )	/	0.144	*	365 / 4
=	0.0295					/	0.144	*	365 / 4
=	18.69

Icarus Capital Days Payable Related Terms

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Icarus Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Icarus Capital Corp (TSXV:ICRS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 120 No. 2 Road, Suite 186, Richmond, BC, CAN, V7C 5J8

Website

https://www.icaruscapital.ca

Icarus Capital Corp through its wholly owned subsidiary Alberta Ltd. (YYC), operates a Yuk Yuk's franchise comedy club in the Elbow River Casino in Calgary, Alberta.

Icarus Capital Headlines

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