Sykes Enterprises (Sykes Enterprises) Days Payable : 8.94 (As of Jun. 2021)

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What is Sykes Enterprises Days Payable?

Sykes Enterprises's average Accounts Payable for the three months ended in Jun. 2021 was $29 Mil. Sykes Enterprises's Cost of Goods Sold for the three months ended in Jun. 2021 was $292 Mil. Hence, Sykes Enterprises's Days Payable for the three months ended in Jun. 2021 was 8.94.

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

SYKE's Days Payable is not ranked ^*
in the Software industry.
Industry Median: 50.42
* Ranked among companies with meaningful Days Payable only.

Sykes Enterprises's Days Payable declined from Jun. 2020 (8.97) to Jun. 2021 (8.94). It may suggest that Sykes Enterprises accelerated paying its suppliers.

Sykes Enterprises Days Payable Historical Data

The historical data trend for Sykes Enterprises'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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Sykes Enterprises Days Payable Chart

Sykes Enterprises Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Days Payable

Get a 7-Day Free Trial

10.10

10.76

10.05

10.60

10.89

Sykes Enterprises Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Days Payable	Get a 7-Day Free Trial															8.97	9.35	9.62	8.99	8.94

Competitive Comparison of Sykes Enterprises's Days Payable

For the Information Technology Services subindustry, Sykes Enterprises'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.

Sykes Enterprises's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Sykes Enterprises's Days Payable distribution charts can be found below:

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

Sykes Enterprises 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.

Sykes Enterprises's Days Payable for the fiscal year that ended in Dec. 2020 is calculated as

	Days Payable (A: Dec. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2019 )	+	Accounts Payable (A: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2020 )	*	Days in Period
=	( (33.591	+	32.049)	/	2 )	/	1099.593	*	365
=	32.82					/	1099.593	*	365
=	10.89

Sykes Enterprises's Days Payable for the quarter that ended in Jun. 2021 is calculated as:

	Days Payable (Q: Jun. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2021 )	+	Accounts Payable (Q: Jun. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2021 )	*	Days in Period
=	( (26.943	+	30.277)	/	2 )	/	292.086	*	365 / 4
=	28.61					/	292.086	*	365 / 4
=	8.94

Sykes Enterprises Days Payable Related Terms

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Sykes Enterprises (Sykes Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sykes Enterprises Inc (NAS:SYKE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

400 North Ashley Drive, Suite 2800, Tampa, FL, USA, 33602

Website

http://www.sykes.com

Sykes Enterprises Inc or Sykes is a provider of multichannel demand generation and global customer engagement services. Their end customers are in communications, financial services, technology, transportation and leisure, healthcare, retail and other industries. Sykes serves its clients through two geographic operating regions which are the Americas & EMEA. In Europe, it also provides fulfillment services, which includes order processing, payment processing, inventory control, product delivery and product returns handling.

Executives

John Chapman	officer: EVP & CFO	400 N ASHLEY DRIVE TAMPA FL 33602
James T Holder	officer: Executive VP & Secretary	3916 STATE STREET SUITE 300 SANTA BARBARA CA 93105
Lawrence Zingale	officer: Executive Vice President	400 N. ASHLEY DRIVE, 2800, TAMPA FL 33602
William J Meurer	director
David Pearson	officer: Executive Vice President	400 N ASHLEY DRIVE SUITE 2800 TAMPA FL 33602
Charles E Sykes	officer: CEO & President	400 N ASHLEY DRIVE TAMPA FL 33602
W. Mark Watson	director	324 S. HYDE PARK AVENUE, STE 350, TAMPA FL 33606
Mark C Bozak	director
James S Macleod	director	250 E KILBOURN AVE, MILWAUKEE WI 53202
Chang Vanessa C L	director	P O BOX 800, 2244 WALNUT GROVE, ROSEMEAD CA 91770
Carlos E Evans	director	3100 SMOKETREE COURT, SUITE 600, RALEIGH NC 27616
Lorraine L Lutton	director	400 N. ASHLEY DRIVE, SUITE 2800 TAMPA FL 33602
Muir William D Jr	director	10560 DR. MARTIN LUTHER KING JR. ST. N., ST. PETERSBURG FL 33716
William Rocktoff	officer: VP & Corporate Controller	400 N ASHLEY DRIVE SUITE 2800 TAMPA FL 33602
Jenna Nelson	officer: Executive Vice President	400 N ASHLEY DRIVE SUITE 2800 TAMPA FL 33602