Grupo SimecB de CV (Grupo SimecB de CV) Days Payable

: 117.43 (As of Dec. 2023)

View and export this data going back to 1993. Start your Free Trial

Grupo SimecB de CV's average Accounts Payable for the three months ended in Dec. 2023 was $476 Mil. Grupo SimecB de CV's Cost of Goods Sold for the three months ended in Dec. 2023 was $370 Mil. Hence, Grupo SimecB de CV's Days Payable for the three months ended in Dec. 2023 was 117.43.

The historical rank and industry rank for Grupo SimecB de CV's Days Payable or its related term are showing as below:

SIM' s Days Payable Range Over the Past 10 Years
Min: 47.52 Med: 52.72 Max: 106.05
Current: 101.57

During the past 13 years, Grupo SimecB de CV's highest Days Payable was 106.05. The lowest was 47.52. And the median was 52.72.

SIM's Days Payable is ranked better than
84.69% of 588 companies
in the Steel industry
Industry Median: 39.59 vs SIM: 101.57

Grupo SimecB de CV's Days Payable increased from Dec. 2022 (108.07) to Dec. 2023 (117.43). It may suggest that Grupo SimecB de CV delayed paying its suppliers.

Grupo SimecB de CV Days Payable Historical Data

The historical data trend for Grupo SimecB de CV'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.

Grupo SimecB de CV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

50.97

60.95

56.73

73.48

98.79

Grupo SimecB de CV Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															108.07	82.99	99.31	102.47	117.43

Competitive Comparison

For the Steel subindustry, Grupo SimecB de CV'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.

Grupo SimecB de CV Days Payable Distribution

For the Steel industry and Basic Materials sector, Grupo SimecB de CV's Days Payable distribution charts can be found below:

* The bar in red indicates where Grupo SimecB de CV's Days Payable falls into.

Grupo SimecB de CV 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.

Grupo SimecB de CV'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
=	( (482.685	+	492.75)	/	2 )	/	1802.041	*	365
=	487.7175					/	1802.041	*	365
=	98.79

Grupo SimecB de CV'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
=	( (459.916	+	492.75)	/	2 )	/	370.131	*	365 / 4
=	476.333					/	370.131	*	365 / 4
=	117.43

Grupo SimecB de CV Days Payable Related Terms

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

Grupo SimecB de CV (Grupo SimecB de CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Grupo Simec SAB de CV (AMEX:SIM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SIMECB:Mexico 4FV:Germany

Address

Calzada Lazaro Cardenas 601, Colonia La Nogalera, Guadalajara, JAL, MEX, 44440

Website

https://www.gsimec.com.mx

Grupo Simec SAB de CV is a diversified manufacturer, processor, and distributor of special bar quality, or SBQ, steel, and structural steel products. The United States, Brazil, and Mexico are the biggest markets for the company. The company's SBQ products are used across a broad range of engineered end-user applications, including axles, hubs, and crankshafts for automobiles and light trucks, machine tools, and off-highway equipment. The company's structural steel products are mainly used in the non-residential construction market and other construction applications.