Sypris Solutions (Sypris Solutions) Days Payable : 78.59 (As of Dec. 2023)

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What is Sypris Solutions Days Payable?

Sypris Solutions's average Accounts Payable for the three months ended in Dec. 2023 was $26.1 Mil. Sypris Solutions's Cost of Goods Sold for the three months ended in Dec. 2023 was $30.4 Mil. Hence, Sypris Solutions's Days Payable for the three months ended in Dec. 2023 was 78.59.

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

SYPR' s Days Payable Range Over the Past 10 Years
Min: 36.09 Med: 48.51 Max: 69.44
Current: 69.44

During the past 13 years, Sypris Solutions's highest Days Payable was 69.44. The lowest was 36.09. And the median was 48.51.

SYPR's Days Payable is ranked better than
52.5% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.94 vs SYPR: 69.44

Sypris Solutions's Days Payable increased from Dec. 2022 (60.89) to Dec. 2023 (78.59). It may suggest that Sypris Solutions delayed paying its suppliers.

Sypris Solutions Days Payable Historical Data

The historical data trend for Sypris Solutions'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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Sypris Solutions Days Payable Chart

Sypris Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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53.28

41.75

41.14

56.70

68.07

Sypris Solutions 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															60.89	62.37	63.77	74.12	78.59

Competitive Comparison of Sypris Solutions's Days Payable

For the Auto Parts subindustry, Sypris Solutions'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.

Sypris Solutions's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Sypris Solutions's Days Payable distribution charts can be found below:

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

Sypris Solutions 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.

Sypris Solutions'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
=	( (17.638	+	26.737)	/	2 )	/	118.975	*	365
=	22.1875					/	118.975	*	365
=	68.07

Sypris Solutions'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
=	( (25.553	+	26.737)	/	2 )	/	30.358	*	365 / 4
=	26.145					/	30.358	*	365 / 4
=	78.59

Sypris Solutions Days Payable Related Terms

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Sypris Solutions (Sypris Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sypris Solutions Inc (NAS:SYPR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 Bullitt Lane, Suite 450, Louisville, KY, USA, 40222

Website

https://www.sypris.com

Sypris Solutions Inc is a us based company engaged in providing outsourced services and specialty products. It offers a range of manufacturing, engineering, design and other technical services. Business activity of the firm is functioned through Sypris Technologies and Sypris Electronics segments. Sypris Technologies segment is engaged in the sale of goods and manufacturing services to customers in the market for truck components and assemblies and from the sale of products to the energy and chemical markets whereas the Sypris Electronics segment is engaged in the sale of manufacturing services, technical services, and products to customers in the market for aerospace and defense electronics. Sypris derives most of the revenue from Technologies segment.

Executives

Richard L Davis	officer: Senior Vice President	101 BULLITT LN., STE. 450, LOUISVILLE KY 40222
Rebecca R Eckert	officer: Principal Accounting Officer, other: Controller	101 BULLITT LANE, SUITE 450, LOUISVILLE KY 40222
Anthony C Allen	officer: VP of Finance & IT/Asst. Sec.	101 BULLITT LN., STE. 450, LOUISVILLE KY 40222
Jeffrey T Gill	director, 10 percent owner, officer: President & CEO	101 BULLITT LANE, SUITE 450, LOUISVILLE KY 40222
Gary L Convis	director	101 BULLITT LANE, SUITE 450, LOUISVILLE KY 40222
William G Ferko	director	7419 CEDAR BLUFF CT, PROSPECT KY 40059
Stephen W Straub	officer: Vice President Operations	101 BULLITT LANE, SUITE 450, LOUISVILLE KY 40222
Robert E Gill	director, 10 percent owner, officer: Chairman	101 BULLITT LANE, SUITE 450, LOUISVILLE KY 40222
Robert F Lentz	director	1311 VIA TOSCANA WAY, SUN CITY CENTER FL 33573
Paul G Larochelle	other: VP and Pres. of Subsidiary	101 BULLITT LANE, SUITE 450, LOUISVILLE KY 40222
Brian A. Lutes	officer: VP & CFO	101 BULLITT LANE, SUITE 450, LOUISVILLE KY 40222
John James Walsh	other: President of Subsidiary	101 BULLITT LANE, SUITE 450, LOUISVILLE KY 40222
French Mitchel Glen Jr	officer: Principal Accounting Officer, other: Controller	101 BULLITT LANE, SUITE 450, LOUISVILLE KY 40222
De Carvalho Sergio L	other: VP and Pres. of Subsidiary	101 BULLITT LANE, SUITE 450, LOUISVILLE KY 40222
Petersen Sidney R/ca	director	150 N. ORANGE GROVE BLVD, PASADENA CA 91103