What time format is this guy's "watch"?

I'm watching In Time (2011), and at the beginning of the film, in the bar, there is a guy who has the following watch on his arm:

The watch shows

0116:39:3:23:58:38

So, this should mean 116 years, 39 months, 3 days, 23 hours, 58 minutes, and 38 seconds. I am confused about the months part. Shouldn't it be 11 at maximum? Why is it greater than 11 in the watch?

Answer

Maybe they aren't using months at all. It could be 116 years, 39 weeks, 3 days, 23 hours, 58 minutes and 38 seconds.