Smart Parking (ASX:SPZ) Days Payable : 1,317.48 (As of Dec. 2023)

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What is Smart Parking Days Payable?

Smart Parking's average Accounts Payable for the six months ended in Dec. 2023 was A$6.13 Mil. Smart Parking's Cost of Goods Sold for the six months ended in Dec. 2023 was A$0.85 Mil. Hence, Smart Parking's Days Payable for the six months ended in Dec. 2023 was 1,317.48.

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

ASX:SPZ' s Days Payable Range Over the Past 10 Years
Min: 198.29 Med: 293.54 Max: 1003.05
Current: 1003.05

During the past 13 years, Smart Parking's highest Days Payable was 1003.05. The lowest was 198.29. And the median was 293.54.

ASX:SPZ's Days Payable is ranked better than
97.07% of 1606 companies
in the Construction industry
Industry Median: 73.785 vs ASX:SPZ: 1003.05

Smart Parking's Days Payable increased from Dec. 2022 (752.70) to Dec. 2023 (1,317.48). It may suggest that Smart Parking delayed paying its suppliers.

Smart Parking Days Payable Historical Data

The historical data trend for Smart Parking'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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Smart Parking Days Payable Chart

Smart Parking Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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301.58

198.29

209.89

266.29

337.38

Smart Parking Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															557.57	363.44	752.70	606.12	1,317.48

Competitive Comparison of Smart Parking's Days Payable

For the Infrastructure Operations subindustry, Smart Parking'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.

Smart Parking's Days Payable Distribution in the Construction Industry

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

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

Smart Parking 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.

Smart Parking's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (3.237	+	2.553)	/	2 )	/	3.132	*	365
=	2.895					/	3.132	*	365
=	337.38

Smart Parking'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2.553	+	9.705)	/	2 )	/	0.849	*	365 / 2
=	6.129					/	0.849	*	365 / 2
=	1,317.48

Smart Parking Days Payable Related Terms

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Smart Parking (ASX:SPZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Smart Parking Ltd (ASX:SPZ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

85 Dundas Place, Albert Park, VIC, AUS, 3206

Website

https://www.smartparking.com

Smart Parking Ltd engages in the provision of design, development, and management of parking technology. It operates through three segments. The Technology segment consists of the sale of Smart City and IoT technology products and solutions predominantly to the parking market globally; the Parking Management segment, which is the key revenue driver, consists of the provision of car parking management services on behalf of third party car park owners and on sites leased by the company and managed on its own behalf in the UK; and Research and Development segment includes costs to research, develop and enhance software/hardware for both the Technology and Parking Management divisions. Geographically, it has a presence in North America; UK and Europe; Asia, and Australia.

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