Sprintex (ASX:SIX) Days Payable : 534.83 (As of Dec. 2024)

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What is Sprintex Days Payable?

Sprintex's average Accounts Payable for the six months ended in Dec. 2024 was A$1.88 Mil. Sprintex's Cost of Goods Sold for the six months ended in Dec. 2024 was A$0.64 Mil. Hence, Sprintex's Days Payable for the six months ended in Dec. 2024 was 534.83.

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

ASX:SIX' s Days Payable Range Over the Past 10 Years
Min: 137.88 Med: 237.72 Max: 960.76
Current: 726.91

During the past 13 years, Sprintex's highest Days Payable was 960.76. The lowest was 137.88. And the median was 237.72.

ASX:SIX's Days Payable is ranked better than
98.84% of 1296 companies
in the Vehicles & Parts industry
Industry Median: 67.295 vs ASX:SIX: 726.91

Sprintex's Days Payable increased from Dec. 2023 (254.04) to Dec. 2024 (534.83). It may suggest that Sprintex delayed paying its suppliers.

Sprintex Days Payable Historical Data

The historical data trend for Sprintex'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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Sprintex Days Payable Chart

Sprintex Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Days Payable

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499.39

960.76

178.46

167.19

344.70

Sprintex Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Days Payable	Get a 7-Day Free Trial															217.04	8,753.92	254.04	1,099.87	534.83

Competitive Comparison of Sprintex's Days Payable

For the Auto Parts subindustry, Sprintex'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.

Sprintex's Days Payable Distribution in the Vehicles & Parts Industry

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

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

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Sprintex 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.

Sprintex's Days Payable for the fiscal year that ended in Jun. 2024 is calculated as

	Days Payable (A: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2023 )	+	Accounts Payable (A: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2024 )	*	Days in Period
=	( (0.284	+	1.295)	/	2 )	/	0.836	*	365
=	0.7895					/	0.836	*	365
=	344.70

Sprintex's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (1.295	+	2.462)	/	2 )	/	0.641	*	365 / 2
=	1.8785					/	0.641	*	365 / 2
=	534.83

Sprintex Days Payable Related Terms

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Sprintex Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sprintex Ltd (ASX:SIX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

251 Adelaide Terrace, Suite 6, Level 1, Perth, WA, AUS, 6000

Website

https://www.sprintex.com.au

Sprintex Ltd is a company that engages in manufacturing and distributing a patented range of Sprintex superchargers. The company products are used in Jeeps, Grand Cherokee, Dodge Challenger V6, Dodge Charger V6, Chrysler 300 C/C V6, Ram 1500 V6, FT86/FRS, BRZ, Mini Cooper S, and Honda, among others. Geographically, it derives a majority of its revenue from the United States and also has a presence in Australia, United Kingdom and European Union, and Asia.