Icon Group (XTAE:ICON) Days Payable : 27.74 (As of Dec. 2023)

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What is Icon Group Days Payable?

Icon Group's average Accounts Payable for the three months ended in Dec. 2023 was ₪114 Mil. Icon Group's Cost of Goods Sold for the three months ended in Dec. 2023 was ₪375 Mil. Hence, Icon Group's Days Payable for the three months ended in Dec. 2023 was 27.74.

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

XTAE:ICON' s Days Payable Range Over the Past 10 Years
Min: 31.68 Med: 49.55 Max: 57.86
Current: 31.68

During the past 6 years, Icon Group's highest Days Payable was 57.86. The lowest was 31.68. And the median was 49.55.

XTAE:ICON's Days Payable is ranked worse than
86.03% of 2427 companies
in the Hardware industry
Industry Median: 68.09 vs XTAE:ICON: 31.68

Icon Group's Days Payable declined from Dec. 2022 (37.42) to Dec. 2023 (27.74). It may suggest that Icon Group accelerated paying its suppliers.

Icon Group Days Payable Historical Data

The historical data trend for Icon Group'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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Icon Group Days Payable Chart

Icon Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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51.88

57.86

51.98

46.86

40.15

Icon Group Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial											37.42	31.45	27.54	32.13	27.74

Competitive Comparison of Icon Group's Days Payable

For the Electronics & Computer Distribution subindustry, Icon Group'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.

Icon Group's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Icon Group's Days Payable distribution charts can be found below:

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

Icon Group 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.

Icon Group'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
=	( (139.149	+	142.632)	/	2 )	/	1280.87	*	365
=	140.8905					/	1280.87	*	365
=	40.15

Icon Group'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
=	( (85.197	+	142.632)	/	2 )	/	374.652	*	365 / 4
=	113.9145					/	374.652	*	365 / 4
=	27.74

Icon Group Days Payable Related Terms

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