Servotronics (Servotronics) Days Payable : 23.92 (As of Dec. 2023)

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What is Servotronics Days Payable?

Servotronics's average Accounts Payable for the three months ended in Dec. 2023 was $2.51 Mil. Servotronics's Cost of Goods Sold for the three months ended in Dec. 2023 was $9.57 Mil. Hence, Servotronics's Days Payable for the three months ended in Dec. 2023 was 23.92.

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

SVT' s Days Payable Range Over the Past 10 Years
Min: 11.94 Med: 19.81 Max: 29.41
Current: 26.86

During the past 13 years, Servotronics's highest Days Payable was 29.41. The lowest was 11.94. And the median was 19.81.

SVT's Days Payable is ranked worse than
90.99% of 2930 companies
in the Industrial Products industry
Industry Median: 76 vs SVT: 26.86

Servotronics's Days Payable declined from Dec. 2022 (29.91) to Dec. 2023 (23.92). It may suggest that Servotronics accelerated paying its suppliers.

Servotronics Days Payable Historical Data

The historical data trend for Servotronics'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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Servotronics Days Payable Chart

Servotronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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29.41

26.57

11.94

15.42

19.87

Servotronics 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															29.91	27.34	35.07	29.45	23.92

Competitive Comparison of Servotronics's Days Payable

For the Electrical Equipment & Parts subindustry, Servotronics'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.

Servotronics's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Servotronics's Days Payable distribution charts can be found below:

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

Servotronics 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.

Servotronics'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
=	( (1.84	+	2.061)	/	2 )	/	35.824	*	365
=	1.9505					/	35.824	*	365
=	19.87

Servotronics'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
=	( (2.958	+	2.061)	/	2 )	/	9.572	*	365 / 4
=	2.5095					/	9.572	*	365 / 4
=	23.92

Servotronics Days Payable Related Terms

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Servotronics (Servotronics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Servotronics Inc (AMEX:SVT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1110 Maple Street, Post Office Box 300, Elma, NY, USA, 14059

Website

https://www.servotronics.com

Servotronics Inc is a U.S based company that designs, manufactures, and markets technology products consisting of control components and consumer products, consisting of knives and various types of cutlery and other edged products. The company operates in the segments of Technology Group, which is the key revenue-generating segment, and Consumer Products Group. Technology Group operations involve the design, manufacture, and marketing of servo-control components, which include torque motors, control valves, and actuators, among others for government, commercial and industrial applications. Consumer Products Group operations involve the designing, manufacturing, and marketing of a range of cutlery products for use by consumers and government agencies.

Executives

Robert Fraass	officer: Chief Financial Officer	1110 MAPLE STREET, PO BOX 300, ELMA NY 14059
Kenneth D Trbovich	officer: President	1110 MAPLE STREET, ELMA NY 14059
Estate Of Nicholas D. Trbovich, Sr.	10 percent owner	960 PORTERVILLE ROAD, EAST AURORA NY 14052
Brent D Baird	10 percent owner	1350 ONE M&T PLAZA, BUFFALO NY 14203-2396
Evan H Wax	director	44 CHERRY LANE, MADISON CT 06443
Founders Software, Inc.	10 percent owner	401 EAST AMHERST ST, BUFFALO NY 14215
Snyder Paul L. Iii	10 percent owner	401 EAST AMHERST ST, BUFFALO NY 14215
Beaver Hollow Wellness, Llc	10 percent owner	401 EAST AMHERST ST, BUFFALO NY 14215
Edward C Cosgrove	director	525 DELAWARE AVENUE, BUFFALO NY 14202
Lucion P Gygax	director	1110 MAPLE STREET, ELMA NY 14059
Christopher M Marks	director	360 DELAWARE AVENUE, SUITE 230, BUFFALO NY 14202
Karen L Howard	director	C/O SERVOTRONICS, INC., 1110 MAPLE STREET, ELMA NY 14059
Farrell William F Jr.	director, officer: Chief Executive Officer	1110 MAPLE STREET, PO BOX 300, ELMA NY 14059
Jason T Bear	director	5301 N. COMMERCE AVE., SUITE C, MOORPARK CA 93021
Lisa F Bencel	officer: Chief Financial Officer	1110 MAPLE STREET, ELMA NY 14059