LICT (LICT) Days Payable : 27.71 (As of Dec. 2018)

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What is LICT Days Payable?

LICT's average Accounts Payable for the three months ended in Dec. 2018 was $3.7 Mil. LICT's Cost of Goods Sold for the three months ended in Dec. 2018 was $12.2 Mil. Hence, LICT's Days Payable for the three months ended in Dec. 2018 was 27.71.

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

LICT's Days Payable is not ranked ^*
in the Telecommunication Services industry.
Industry Median: 101.86
* Ranked among companies with meaningful Days Payable only.

LICT's Days Payable increased from Dec. 2017 (20.09) to Dec. 2018 (27.71). It may suggest that LICT delayed paying its suppliers.

LICT Days Payable Historical Data

The historical data trend for LICT'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.

* Premium members only.

LICT Days Payable Chart

LICT Annual Data

Trend

Dec06

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Days Payable

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38.36

27.41

21.73

22.36

30.73

LICT Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Days Payable	Get a 7-Day Free Trial															20.09	21.62	17.66	17.09	27.71

Competitive Comparison of LICT's Days Payable

For the Telecom Services subindustry, LICT'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.

LICT's Days Payable Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, LICT's Days Payable distribution charts can be found below:

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

LICT 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.

LICT's Days Payable for the fiscal year that ended in Dec. 2018 is calculated as

	Days Payable (A: Dec. 2018 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2017 )	+	Accounts Payable (A: Dec. 2018 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2018 )	*	Days in Period
=	( (3.089	+	5.074)	/	2 )	/	48.48	*	365
=	4.0815					/	48.48	*	365
=	30.73

LICT's Days Payable for the quarter that ended in Dec. 2018 is calculated as:

	Days Payable (Q: Dec. 2018 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2018 )	+	Accounts Payable (Q: Dec. 2018 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2018 )	*	Days in Period
=	( (2.344	+	5.074)	/	2 )	/	12.213	*	365 / 4
=	3.709					/	12.213	*	365 / 4
=	27.71

LICT Days Payable Related Terms

Thank you for viewing the detailed overview of LICT's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

LICT (LICT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » LICT Corp (OTCPK:LICT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

401 Theodore Fremd Avenue, Rye, NY, USA, 10580-1430

Website

https://www.lictcorp.com

LICT Corp is a United States-based integrated provider of broadband, voice and video services. It provides high speed broadband services, including internet access, through fiber optic facilities, copper-based digital subscriber lines, fixed wireless, and coax cable via cable modems. The Company also provides a number of other services, including video services through both traditional cable television services and internet protocol television services, Voice over Internet Protocol, wireless voice communications, and several related telecommunications services. On the voice side, the Company has traditionally operated as both a Rural Local Exchange Carrier and a Competitive Local Exchange Carrier.

Executives

Mario J Gabelli	director, 10 percent owner, officer: Chief Executive Officer	191 MASON STREET, GREENWICH CT 06830
Marc Gabelli	director, other: Resigned as director 5-6-04	401 THEODORE FREMD AVE, RYE NY 10580
Frederic V Salerno	director, other: Resigned as director on2-20-04	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Vincent S Tese	director, other: Resigned as director on2-20-04
Mjg Iv Limited Partnership	10 percent owner

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