Spirent Communications (Spirent Communications) Days Payable : 93.67 (As of Dec. 2023)

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What is Spirent Communications Days Payable?

Spirent Communications's average Accounts Payable for the six months ended in Dec. 2023 was $34.8 Mil. Spirent Communications's Cost of Goods Sold for the six months ended in Dec. 2023 was $67.8 Mil. Hence, Spirent Communications's Days Payable for the six months ended in Dec. 2023 was 93.67.

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

SPMYY' s Days Payable Range Over the Past 10 Years
Min: 26.78 Med: 47.16 Max: 125.27
Current: 97.3

During the past 13 years, Spirent Communications's highest Days Payable was 125.27. The lowest was 26.78. And the median was 47.16.

SPMYY's Days Payable is ranked better than
69.04% of 2523 companies
in the Software industry
Industry Median: 51.44 vs SPMYY: 97.30

Spirent Communications's Days Payable declined from Dec. 2022 (106.64) to Dec. 2023 (93.67). It may suggest that Spirent Communications accelerated paying its suppliers.

Spirent Communications Days Payable Historical Data

The historical data trend for Spirent Communications'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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Spirent Communications Days Payable Chart

Spirent Communications Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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50.69

44.64

26.90

49.80

73.87

Spirent Communications 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															88.86	100.78	106.64	121.72	93.67

Competitive Comparison of Spirent Communications's Days Payable

For the Software - Infrastructure subindustry, Spirent Communications'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.

Spirent Communications's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Spirent Communications's Days Payable distribution charts can be found below:

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

Spirent Communications 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.

Spirent Communications'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
=	( (33.6	+	19.3)	/	2 )	/	130.7	*	365
=	26.45					/	130.7	*	365
=	73.87

Spirent Communications'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
=	( (50.3	+	19.3)	/	2 )	/	67.8	*	365 / 2
=	34.8					/	67.8	*	365 / 2
=	93.67

Spirent Communications Days Payable Related Terms

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Spirent Communications (Spirent Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Spirent Communications PLC (OTCPK:SPMYY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SPNUF:USA SPTl:UK SPT:UK BW8:Germany

Address

108 High Street, Origin One, Crawley, West Sussex, GBR, RH10 1BD

Website

https://corporate.spirent.com

Spirent Communications PLC provides communications technologies including networks, data centers, enterprise IT, mobile communications, connected vehicles or the Internet of Things. The company operates in Networks and Security and Lifecycle Service Assurance segments. The majority of the revenue is derived from the Networks and Security segment that comprises Cloud IP, Application Security and Positioning lines of business with the aim of addressing the needs of the lab test market for Ethernet, Virtual, Data Center, applications test and timing for critical infrastructure.