Innovate (Innovate) Days Payable : 44.44 (As of Dec. 2023)

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What is Innovate Days Payable?

Innovate's average Accounts Payable for the three months ended in Dec. 2023 was $146 Mil. Innovate's Cost of Goods Sold for the three months ended in Dec. 2023 was $300 Mil. Hence, Innovate's Days Payable for the three months ended in Dec. 2023 was 44.44.

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

VATE' s Days Payable Range Over the Past 10 Years
Min: 20.04 Med: 35.81 Max: 52.22
Current: 51.43

During the past 13 years, Innovate's highest Days Payable was 52.22. The lowest was 20.04. And the median was 35.81.

VATE's Days Payable is ranked worse than
69.27% of 1601 companies
in the Construction industry
Industry Median: 74.1 vs VATE: 51.43

Innovate's Days Payable declined from Dec. 2022 (54.73) to Dec. 2023 (44.44). It may suggest that Innovate accelerated paying its suppliers.

Innovate Days Payable Historical Data

The historical data trend for Innovate'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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Innovate Days Payable Chart

Innovate Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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38.08

42.89

44.47

49.20

52.22

Innovate Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															54.73	61.46	51.32	48.69	44.44

Competitive Comparison of Innovate's Days Payable

For the Engineering & Construction subindustry, Innovate'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.

Innovate's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Innovate's Days Payable distribution charts can be found below:

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

Innovate 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.

Innovate'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
=	( (202.5	+	142.9)	/	2 )	/	1207	*	365
=	172.7					/	1207	*	365
=	52.22

Innovate's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (149.2	+	142.9)	/	2 )	/	299.9	*	365 / 4
=	146.05					/	299.9	*	365 / 4
=	44.44

Innovate Days Payable Related Terms

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Innovate (Innovate) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Innovate Corp (NYSE:VATE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PSTA:Germany

Address

295 Madison Avenue, 12th Floor, New York, NY, USA, 10017

Website

https://www.innovatecorp.com

Innovate Corp is a diversified holding company that has a portfolio of subsidiaries in a variety of operating segments which are; The infrastructure segment is comprised of DBM Global Inc, a fully integrated industrial construction, structural steel, and facility maintenance provider that provides fabrication and erection of structural steel and heavy steel plate services, The Life Sciences segment is comprised of Pansend Life Sciences which seeks to develop products to treat early osteoarthritis of the knee and aesthetic and medical technologies for the skin, and Spectrum segment is comprised of HC2 Broadcasting Holdings Inc which operates over-the-air broadcasting stations across the United States.

Executives

Wayne Jr Barr	director	ANACOMP INC, 15378 AVENUE OF SCIENCE, SAN DIEGO CA 92128
Michael J. Sena	officer: Chief Financial Officer	450 PARK AVENUE, 30TH FLOOR, NEW YORK NY 10022
Brian Steven Goldstein	director	295 MADISON AVENUE, 12TH FLOOR, NEW YORK NY 10017
Amy Marie Wilkinson	director	295 MADISON AVENUE, 12TH FLOOR, NEW YORK NY 10017
Shelly Lombard	director	44 MORSE AVENUE, BLOOMFIELD NJ 07003
Avram A Glazer	director	C/O WOODS OVIATT GILMAN LLP, 700 CROSSROADS BUILDING, ROCHESTER NY 14614
Suzi R Herbst	officer: Chief Administrative Officer	C/O HC2 HOLDINGS, INC., 450 PARK AVENUE, 30TH FLOOR, NEW YORK NY 10022
Joseph Anthony Ferraro	officer: Chief Legal Officer & Corp Sec	56 EMILY ROAD, FAR HILLS FL 07931
Continental Ltc, Inc.	10 percent owner	11001 LAKELINE BLVD., STE. 120, AUSTIN TX 78717
Michael Gorzynski	director, 10 percent owner	595 MADISON AVE, FLOOR 29, NEW YORK NY 10022
Continental General Insurance Co	10 percent owner	11001 LAKELINE BLVD., STE. 120, AUSTIN TX 78717
Continental Insurance Group, Ltd.	10 percent owner	11001 LAKELINE BLVD., STE. 120, AUSTIN TX 78717
Percy Rockdale Llc	10 percent owner	595 MADISON AVENUE, 29TH FLOOR, NEW YORK NY 10022
Mg Capital Management Ltd.	10 percent owner	C/O CAMPBELLS LLP, FLOOR 4, WILLOW HOUSE, CRICKET SQUARE, GRAND CAYMAN E9 KY1-9010
Rio Royal Llc	10 percent owner	595 MADISON AVENUE, 29TH FLOOR, NEW YORK NY 10022