Spindex Industries (SGX:564) Days Payable : 48.32 (As of Dec. 2023)

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What is Spindex Industries Days Payable?

Spindex Industries's average Accounts Payable for the six months ended in Dec. 2023 was S$18.8 Mil. Spindex Industries's Cost of Goods Sold for the six months ended in Dec. 2023 was S$70.9 Mil. Hence, Spindex Industries's Days Payable for the six months ended in Dec. 2023 was 48.32.

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

SGX:564' s Days Payable Range Over the Past 10 Years
Min: 45.77 Med: 58.56 Max: 64.57
Current: 45.77

During the past 13 years, Spindex Industries's highest Days Payable was 64.57. The lowest was 45.77. And the median was 58.56.

SGX:564's Days Payable is ranked worse than
74.22% of 2925 companies
in the Industrial Products industry
Industry Median: 76.67 vs SGX:564: 45.77

Spindex Industries's Days Payable increased from Dec. 2022 (43.08) to Dec. 2023 (48.32). It may suggest that Spindex Industries delayed paying its suppliers.

Spindex Industries Days Payable Historical Data

The historical data trend for Spindex Industries'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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Spindex Industries Days Payable Chart

Spindex Industries Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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64.57

55.79

51.41

55.10

47.33

Spindex Industries 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															61.21	58.40	43.08	44.41	48.32

Competitive Comparison of Spindex Industries's Days Payable

For the Tools & Accessories subindustry, Spindex Industries'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.

Spindex Industries's Days Payable Distribution in the Industrial Products Industry

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

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

Spindex Industries 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.

Spindex Industries'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
=	( (20.293	+	18.962)	/	2 )	/	151.358	*	365
=	19.6275					/	151.358	*	365
=	47.33

Spindex Industries'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
=	( (18.962	+	18.597)	/	2 )	/	70.926	*	365 / 2
=	18.7795					/	70.926	*	365 / 2
=	48.32

Spindex Industries Days Payable Related Terms

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Spindex Industries (SGX:564) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Spindex Industries Ltd (SGX:564) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Boon Lay Way, No.10-03, 8 at TradeHub 21, Singapore, SGP, 609964

Website

https://www.spindex.com.sg

Spindex Industries Ltd is a manufacturer, importer, exporter, and dealer of mechanical, electrical, and electronic parts. The company's operating segment includes Imaging and printing; Machinery and automotive systems and Others. It generates maximum revenue from the Machinery and automotive systems segment. Geographically, it derives a majority of revenue from USA, Europe and others and also has a presence in Singapore; ASEAN and China.

Spindex Industries (SGX:564) Headlines

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