Ionik (TSXV:INIK) Days Payable : 115.00 (As of Sep. 2024)

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What is Ionik Days Payable?

Ionik's average Accounts Payable for the three months ended in Sep. 2024 was C$45.9 Mil. Ionik's Cost of Goods Sold for the three months ended in Sep. 2024 was C$36.5 Mil. Hence, Ionik's Days Payable for the three months ended in Sep. 2024 was 115.00.

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

TSXV:INIK' s Days Payable Range Over the Past 10 Years
Min: 48.12 Med: 71.61 Max: 108.22
Current: 108.22

During the past 5 years, Ionik's highest Days Payable was 108.22. The lowest was 48.12. And the median was 71.61.

TSXV:INIK's Days Payable is ranked better than
58.47% of 944 companies
in the Media - Diversified industry
Industry Median: 83.035 vs TSXV:INIK: 108.22

Ionik's Days Payable increased from Sep. 2023 (98.17) to Sep. 2024 (115.00). It may suggest that Ionik delayed paying its suppliers.

Ionik Days Payable Historical Data

The historical data trend for Ionik'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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Ionik Days Payable Chart

Ionik Annual Data

Trend

Dec19

Dec20

Dec21

Sep22

Dec23

Days Payable

75.23

71.61

64.94

48.12

73.63

Ionik Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															98.17	146.00	83.96	81.43	115.00

Competitive Comparison of Ionik's Days Payable

For the Advertising Agencies subindustry, Ionik'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.

Ionik's Days Payable Distribution in the Media - Diversified Industry

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

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

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Ionik 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.

Ionik'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: Sep. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (12.512	+	33.559)	/	2 )	/	114.195	*	365
=	23.0355					/	114.195	*	365
=	73.63

Ionik'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: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (32.86	+	59.038)	/	2 )	/	36.46	*	365 / 4
=	45.949					/	36.46	*	365 / 4
=	115.00

Ionik Days Payable Related Terms

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Ionik Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Ionik Corp (TSXV:INIK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

INIKF:USA

Address

1 University Avenue, 3rd Floor, Toronto, ON, CAN, M5J 2P1

Website

https://www.ionikgroup.com

Ionik Corp is a data-driven performance marketing technology company focused on assembling the effective and complete suite of advertising, marketing, and monetization solutions for brands, advertisers, and publishers while building an extensive proprietary repository of opted-in first-party data.

Executives

Lois Lorrayne Norris	Senior Officer
Jeffrey David Collins	Senior Officer
Jonathan Paul Walsh	Director
Robert Shaner	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Christopher Locke	Director
Edward William Hastings	Director, Senior Officer
Kevin Ferrell	Senior Officer
Jurgen Cautreels	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
James Mansfield	Director or Senior Officer of 10% Security Holder, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Michael Fitzgerald	Director or Senior Officer of 10% Security Holder, Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Christopher James Schnarr	Director, Senior Officer
Ronald Thomas Patterson	Director
Michael James Haines	Director or Senior Officer of 10% Security Holder

Ionik Headlines

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