SPX Technologies (SPX Technologies) Days Payable : 40.58 (As of Dec. 2023)

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What is SPX Technologies Days Payable?

SPX Technologies's average Accounts Payable for the three months ended in Dec. 2023 was $125 Mil. SPX Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was $282 Mil. Hence, SPX Technologies's Days Payable for the three months ended in Dec. 2023 was 40.58.

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

SPXC' s Days Payable Range Over the Past 10 Years
Min: 41.43 Med: 51.62 Max: 97.23
Current: 42.65

During the past 13 years, SPX Technologies's highest Days Payable was 97.23. The lowest was 41.43. And the median was 51.62.

SPXC's Days Payable is ranked worse than
76.84% of 1602 companies
in the Construction industry
Industry Median: 73.785 vs SPXC: 42.65

SPX Technologies's Days Payable declined from Dec. 2022 (42.65) to Dec. 2023 (40.58). It may suggest that SPX Technologies accelerated paying its suppliers.

SPX Technologies Days Payable Historical Data

The historical data trend for SPX Technologies'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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SPX Technologies Days Payable Chart

SPX Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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74.56

60.61

51.37

47.54

41.43

SPX Technologies 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															42.65	44.64	44.10	42.79	40.58

Competitive Comparison of SPX Technologies's Days Payable

For the Building Products & Equipment subindustry, SPX Technologies'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.

SPX Technologies's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, SPX Technologies's Days Payable distribution charts can be found below:

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

SPX Technologies 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.

SPX Technologies'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
=	( (124.5	+	118.7)	/	2 )	/	1071.2	*	365
=	121.6					/	1071.2	*	365
=	41.43

SPX Technologies'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
=	( (131.7	+	118.7)	/	2 )	/	281.5	*	365 / 4
=	125.2					/	281.5	*	365 / 4
=	40.58

SPX Technologies Days Payable Related Terms

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SPX Technologies (SPX Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » SPX Technologies Inc (NYSE:SPXC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SPW0:Germany

Address

6325 Ardrey Kell Road, Suite 400, Charlotte, NC, USA, 28277

Website

https://www.spx.com

SPX Technologies Inc supplies engineered heating, ventilation, and air conditioning, or HVAC, products, as well as detection and measurement technologies and power equipment. The company operates through three segments. The HVAC segment designs, manufactures, installs, and services cooling products, as well as heating and ventilation products. The detection and measurement technologies segment designs, manufactures, and installs underground pipe and cable locators and inspection equipment, bus-fare collection systems, and others. The Engineered Solutions segment engineers, designs, manufactures, installs and services transformers for the power transmission and distribution market. The company generates almost all of its revenue from American domestic market.

Executives

Natausha Heleena White	officer: VP and CHRO	C/O SPX CORPORATION, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
J Randall Data	officer: Pres. - S. Africa & Global Op.	13024 BALLANTYNE CORPORATE PLACE, SUITE 700, CHARLOTTE NC 28277
Wayne M. Mclaren	officer: Chief Accounting Officer	C/O SPX CORPORATION, 6325 ARDREY KELL ROAD, CHARLOTTE NC 28277
John Webster Nurkin	officer: VP, Gen. Counsel & Secretary	C/O SPX CORPORATION, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Mark A Carano	officer: VP, CFO & Treasurer	13024 BALLANTYNE CORPORATE PLACE, #700, CHARLOTTE NC 28277
Sean Mcclenaghan	officer: PRESIDENT, GLOBAL COOLING	SPX TECHNOLOGIES, INC., 6325 ARDREY KELL ROAD, SUITE 400, CHARLOTTE NC 28277
Swann John William Iii	officer: Pres., Heating and Location &	C/O SPX CORPORATION, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Michael Andrew Reilly	officer: Corp. Controller and CAO	2007 CHANNELSTONE WAY, MATTHEWS NC 28104
Lowe Eugene Joseph Iii	director, officer: President and CEO	13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
James E Harris	officer: VP, CFO and Treasurer	C/O RXO, INC., 11215 N. COMMUNITY HOUSE ROAD, CHARLOTTE NC 28277
Ankush Kumar	officer: President, SPX Global Cooling	C/O SPX CORPORATION, 6325 ARDREY KELL ROAD, CHARLOTTE NC 28277
Brian G. Mason	officer: Pres. - SPX Transformer Sol.	C/O SPX CORPORATION, 13320-A BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Angel S Willis	director	C/O SEALED AIR CORPORATION, 2415 CASCADE POINTE BOULEVARD, CHARLOTTE NC 28208
Scott William Sproule	officer: VP, CFO and Treasurer	C/O SPX CORPORATION, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Meenal Sethna	director	8755 WEST HIGGINS ROAD, SUITE 500, CHICAGO IL 60631