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Stoneridge Inc (NYSE:SRI)
Days Payable
53.81 (As of Mar. 2016)

Stoneridge Inc's payable for the three months ended in Mar. 2016 was $69.3 Mil. Stoneridge Inc's cost of goods sold for the three months ended in Mar. 2016 was $117.5 Mil. Hence, Stoneridge Inc's days payable for the three months ended in Mar. 2016 was 53.81.

SRI' s Days Payable Range Over the Past 10 Years
Min: 31.57   Max: 50.87
Current: 54.24

31.57
50.87

During the past 13 years, Stoneridge Inc's highest Days Payable was 50.87. The lowest was 31.57. And the median was 45.40.

SRI's Days Payable is ranked higher than
52% of the 983 Companies
in the Global Auto Parts industry.

( Industry Median: 52.22 vs. SRI: 54.24 )

Stoneridge Inc's days payable increased from Mar. 2015 (50.88) to Mar. 2016 (53.81). It may suggest that Stoneridge Inc delayed paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Stoneridge Inc's Days Payable for the fiscal year that ended in Dec. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=58.593/469.705*365
=45.53

Stoneridge Inc's Days Payable for the quarter that ended in Mar. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=69.261/117.455*365 / 4
=53.81

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Stoneridge Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 48.1345.2731.5748.0350.8749.4839.0142.9245.5343.09

Stoneridge Inc Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
DaysPayable 42.5045.8551.1846.8343.8650.8850.9946.0644.8353.81
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