LGMS Bhd (XKLS:0249) Days Payable : 46.95 (As of Jun. 2024)

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What is LGMS Bhd Days Payable?

LGMS Bhd's average Accounts Payable for the three months ended in Jun. 2024 was RM3.06 Mil. LGMS Bhd's Cost of Goods Sold for the three months ended in Jun. 2024 was RM5.94 Mil. Hence, LGMS Bhd's Days Payable for the three months ended in Jun. 2024 was 46.95.

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

XKLS:0249' s Days Payable Range Over the Past 10 Years
Min: 5.29 Med: 14.95 Max: 73.81
Current: 45.99

During the past 6 years, LGMS Bhd's highest Days Payable was 73.81. The lowest was 5.29. And the median was 14.95.

XKLS:0249's Days Payable is ranked worse than
52.33% of 2553 companies
in the Software industry
Industry Median: 49.25 vs XKLS:0249: 45.99

LGMS Bhd's Days Payable declined from Jun. 2023 (60.84) to Jun. 2024 (46.95). It may suggest that LGMS Bhd accelerated paying its suppliers.

LGMS Bhd Days Payable Historical Data

The historical data trend for LGMS Bhd'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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LGMS Bhd Days Payable Chart

LGMS Bhd Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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33.99

13.19

16.70

9.14

5.29

LGMS Bhd Quarterly Data
	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial									60.84	60.35	30.78	26.68	46.95

Competitive Comparison of LGMS Bhd's Days Payable

For the Information Technology Services subindustry, LGMS Bhd'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.

LGMS Bhd's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, LGMS Bhd's Days Payable distribution charts can be found below:

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

LGMS Bhd 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.

LGMS Bhd'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
=	( (0.079	+	0.393)	/	2 )	/	16.291	*	365
=	0.236					/	16.291	*	365
=	5.29

LGMS Bhd's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (2.247	+	3.864)	/	2 )	/	5.939	*	365 / 4
=	3.0555					/	5.939	*	365 / 4
=	46.95

LGMS Bhd Days Payable Related Terms

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LGMS Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » LGMS Bhd (XKLS:0249) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan SS 16/1, A-11-01, Empire Office Tower, Selangor Darul Ehsan, Subang Jaya, SGR, MYS, 47500

Website

https://www.lgms.global

LGMS Bhd is an independent provider of professional cybersecurity services, involved in cybersecurity assessment and penetration testing, cyber risk management and compliance, and the provision of digital forensics and incident response services.

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