Solitron Devices (Solitron Devices) Days Payable

: 17.76 (As of Nov. 2023)

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

Solitron Devices's average Accounts Payable for the three months ended in Nov. 2023 was $0.60 Mil. Solitron Devices's Cost of Goods Sold for the three months ended in Nov. 2023 was $3.06 Mil. Hence, Solitron Devices's Days Payable for the three months ended in Nov. 2023 was 17.76.

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

SODI' s Days Payable Range Over the Past 10 Years
Min: 7.31 Med: 18.46 Max: 73.96
Current: 18.54

During the past 13 years, Solitron Devices's highest Days Payable was 73.96. The lowest was 7.31. And the median was 18.46.

SODI's Days Payable is ranked worse than
90.83% of 960 companies
in the Semiconductors industry
Industry Median: 51.635 vs SODI: 18.54

Solitron Devices's Days Payable declined from Nov. 2022 (24.60) to Nov. 2023 (17.76). It may suggest that Solitron Devices accelerated paying its suppliers.

Solitron Devices Days Payable Historical Data

The historical data trend for Solitron Devices'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.

Solitron Devices Annual Data

Trend

Feb12

Feb13

Feb14

Feb15

Feb16

Feb19

Feb20

Feb21

Feb22

Feb23

Days Payable

18.23

21.23

10.91

7.31

10.06

Solitron Devices Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Days Payable																24.60	15.47	12.98	17.33	17.76

Competitive Comparison

For the Semiconductor Equipment & Materials subindustry, Solitron Devices'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.

Solitron Devices Days Payable Distribution

For the Semiconductors industry and Technology sector, Solitron Devices's Days Payable distribution charts can be found below:

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

Solitron Devices 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.

Solitron Devices's Days Payable for the fiscal year that ended in Feb. 2023 is calculated as

	Days Payable (A: Feb. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2022 )	+	Accounts Payable (A: Feb. 2023 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2023 )	*	Days in Period
=	( (0.135	+	0.141)	/	2 )	/	5.005	*	365
=	0.138					/	5.005	*	365
=	10.06

Solitron Devices's Days Payable for the quarter that ended in Nov. 2023 is calculated as:

	Days Payable (Q: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Aug. 2023 )	+	Accounts Payable (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (0.373	+	0.818)	/	2 )	/	3.059	*	365 / 4
=	0.5955					/	3.059	*	365 / 4
=	17.76

Solitron Devices Days Payable Related Terms

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

Solitron Devices (Solitron Devices) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solitron Devices Inc (OTCPK:SODI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

901 Sansburys Way, West Palm Beach, FL, USA, 33411

Website

https://www.solitrondevices.com

Solitron Devices Inc designs, develop, manufactures, and markets solid-state semiconductor components and related devices mainly for the military and aerospace markets. It manufactures a large variety of bipolar and metal oxide semiconductor (MOS) power transistors, power and control hybrids, junction and power MOS field-effect transistors (Power MOSFETS), field effect transistors, and other related products. It derives the majority of its revenues from its business operations in the United States, while it also holds a presence in Canada, Latin America, the Far East, and the Middle East.

Executives

Howard Timothy Eriksen	director	567 WILDROSE CIRCLE, LYNDEN WA 98264
Mark Matson	officer: President and COO	600 S. ROCKFORD DRIVE, TEMPE AZ 85281
Olesen Value Fund Gp Llc	10 percent owner	C/O OLESEN CAPITAL MANAGEMENT LLC, 185 HUDSON STREET, SUITE 2539, JERSEY CITY NJ 07311
David William Pointer	director	PO BOX 402, NEWMAN LAKE WA 99025
Christian Olesen	10 percent owner	C/O OLESEN CAPITAL MANAGEMENT LLC, 185 HUDSON STREET, SUITE 2539, JERSEY CITY NJ 07311
Olesen Capital Management Llc	10 percent owner	185 HUDSON STREET, SUITE 2539, JERSEY CITY NJ 07311
Olesen Value Fund L.p.	10 percent owner	C/O OLESEN CAPITAL MANAGEMENT LLC, 185 HUDSON STREET, SUITE 2539, JERSEY CITY NJ 07311
John Stayduhar	other: Shareholder	C/O JOHN FARINA, 1601 FORUM PL. #900, WEST PALM BEACH FL 33401
Charles M Gillman	director	1223 WILSHIRE BOULEVARD, OFFICE 648, SANTA MONICA CA 90402
Cedar Creek Partners Llc	other: Shareholder	8695 GLENDALE RD., CUSTER WA 98240
Eriksen Capital Management Llc	other: Shareholder	8695 GLENDALE RD., CUSTER WA 98240
John F Chiste	director
Dwight P Aubrey	director	C/O SOLITRON DEVICES, INC., 3301 ELECTRONICS WAY, WEST PALM BEACH FL 33407
Joseph F Gerrity	director
Sidney H Kopperl	director	C/O SOLITRON DEVICES, INC., 3301 ELECTRONICS WAY, WEST PALM BEACH FL 33407