BCI Navigation (XPAR:BNA) Days Payable: 141.58 (As of Dec. 2011)

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What is BCI Navigation Days Payable?

BCI Navigation XPAR:BNA Days Payable is 141.58 as of Dec. 2011.

BCI Navigation's average Accounts Payable for the six months ended in Dec. 2011 was €0.20 Mil. BCI Navigation's Cost of Goods Sold for the six months ended in Dec. 2011 was €0.50 Mil. Hence, BCI Navigation's Days Payable for the six months ended in Dec. 2011 was 70.79.

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

XPAR:BNA's Days Payable is not ranked *
in the Business Services industry.
Industry Median: 46.11
* Ranked among companies with meaningful Days Payable only.

BCI Navigation's Days Payable increased from Dec. 2009 (101.48) to Dec. 2011 (141.58). It may suggest that BCI Navigation delayed paying its suppliers.

BCI Navigation Days Payable Historical Data

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The historical data trend for BCI Navigation'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.

BCI Navigation Days Payable Chart

BCI Navigation Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11
Days Payable
330.84 119.56 101.48 129.58 141.58

BCI Navigation Semi-Annual Data
Dec07 Dec08 Dec09 Dec10 Dec11
Days Payable 330.84 119.56 101.48 129.58 141.58

BCI Navigation Days Payable Competitor Comparison

For the Specialty Business Services subindustry, BCI Navigation'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.

BCI Navigation Days Payable vs Business Services Industry

For the Business Services industry and Industrials sector, BCI Navigation's Days Payable distribution charts can be found below:

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


BCI Navigation 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.

BCI Navigation's Days Payable for the fiscal year that ended in Dec. 2011 is calculated as

Days Payable (A: Dec. 2011 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2010 ) + Accounts Payable (A: Dec. 2011 )) / count ) / Cost of Goods Sold (A: Dec. 2011 )*Days in Period
=( (0.178 + 0.213) / 2 ) / 0.504*365
=0.1955 / 0.504*365
=141.58

BCI Navigation's Days Payable for the quarter that ended in Dec. 2011 is calculated as:

Days Payable (Q: Dec. 2011 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2010 ) + Accounts Payable (Q: Dec. 2011 )) / count ) / Cost of Goods Sold (Q: Dec. 2011 )*Days in Period
=( (0.178 + 0.213) / 2 ) / 0.504*365 / 2
=0.1955 / 0.504*365 / 2
=70.79

* 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 141.58 mean?
BCI Navigation (XPAR:BNA) has a Days Payable of 141.58 as of Dec. 2011. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on BCI Navigation and its competitors.
Is BCI Navigation's Days Payable too high?
BCI Navigation's current Days Payable is 141.58. The Business Services industry median Days Payable is 46.11. BCI Navigation's value of 141.58 is 207% above this industry median.
How does BCI Navigation's Days Payable compare to competitors?
BCI Navigation's Days Payable of 141.58 can be compared against companies in the Business Services industry. The industry median Days Payable is 46.11. BCI Navigation's value of 141.58 is 207% above this benchmark. 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 Business Services company?
The median Days Payable among Business Services companies is 46.11, based on 945 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. BCI Navigation's current Days Payable of 141.58 is 207% 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 BCI Navigation and its competitors. For the Business Services industry, the median Days Payable is 46.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BCI Navigation's current Days Payable is 141.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BCI Navigation stock overvalued right now?
BCI Navigation (XPAR:BNA) has a current Days Payable of 141.58. The current Days Payable is 141.58 and 207% above the Business Services industry median of 46.11. 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 BCI Navigation (XPAR:BNA), the current Days Payable is 141.58 as of Dec. 2011. 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.

BCI Navigation Business Description

BCI Navigation is engaged in the development of tools and software which include professional fleet management, cartographic database management tool and aircraft piloting assistance system by means of natural synthesis display.