Sprott (Sprott) Days Payable : 54.44 (As of Dec. 2023)

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What is Sprott Days Payable?

Sprott's average Accounts Payable for the three months ended in Dec. 2023 was $11.4 Mil. Sprott's Cost of Goods Sold for the three months ended in Dec. 2023 was $19.1 Mil. Hence, Sprott's Days Payable for the three months ended in Dec. 2023 was 54.44.

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

SII' s Days Payable Range Over the Past 10 Years
Min: 40.65 Med: 173.15 Max: 291.9
Current: 52.49

During the past 13 years, Sprott's highest Days Payable was 291.90. The lowest was 40.65. And the median was 173.15.

SII's Days Payable is ranked worse than
59.87% of 466 companies
in the Asset Management industry
Industry Median: 69.44 vs SII: 52.49

Sprott's Days Payable increased from Dec. 2022 (54.39) to Dec. 2023 (54.44). It may suggest that Sprott delayed paying its suppliers.

Sprott Days Payable Historical Data

The historical data trend for Sprott'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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Sprott Days Payable Chart

Sprott Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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288.52

168.97

82.45

41.78

51.89

Sprott 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															54.39	53.35	49.88	52.77	54.44

Competitive Comparison of Sprott's Days Payable

For the Asset Management subindustry, Sprott'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.

Sprott's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Sprott's Days Payable distribution charts can be found below:

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

Sprott 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.

Sprott'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
=	( (10.703	+	12.647)	/	2 )	/	82.129	*	365
=	11.675					/	82.129	*	365
=	51.89

Sprott'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
=	( (10.123	+	12.647)	/	2 )	/	19.084	*	365 / 4
=	11.385					/	19.084	*	365 / 4
=	54.44

Sprott Days Payable Related Terms

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Sprott (Sprott) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Sprott Inc (NYSE:SII) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SII:Canada

Address

200 Bay Street, South Tower, Suite 2600, Royal Bank Plaza, Toronto, ON, CAN, M5J 2J1

Website

https://www.sprott.com

Sprott Inc is an alternative asset manager operating in Canada. The company has five reportable segments: Exchange Listed Products, which includes management services to the company's closed-end physical trusts and exchange-traded funds, both of which are actively traded on public securities exchanges; Managed equities segment provides asset management and sub-advisory services to the Company's branded funds, fixed-term LPs and managed accounts; Private strategies; Brokerage segment includes activities of Canadian and U.S. broker-dealers; Corporate; and Others.