Surge Components (Surge Components) Days Payable : 48.02 (As of Feb. 2024)

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What is Surge Components Days Payable?

Surge Components's average Accounts Payable for the three months ended in Feb. 2024 was $2.64 Mil. Surge Components's Cost of Goods Sold for the three months ended in Feb. 2024 was $5.01 Mil. Hence, Surge Components's Days Payable for the three months ended in Feb. 2024 was 48.02.

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

SPRS' s Days Payable Range Over the Past 10 Years
Min: 46.58 Med: 58.11 Max: 68.56
Current: 48.16

During the past 13 years, Surge Components's highest Days Payable was 68.56. The lowest was 46.58. And the median was 58.11.

SPRS's Days Payable is ranked worse than
70.01% of 2421 companies
in the Hardware industry
Industry Median: 67.71 vs SPRS: 48.16

Surge Components's Days Payable declined from Feb. 2023 (57.17) to Feb. 2024 (48.02). It may suggest that Surge Components accelerated paying its suppliers.

Surge Components Days Payable Historical Data

The historical data trend for Surge Components'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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Surge Components Days Payable Chart

Surge Components Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Days Payable

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60.96

57.42

58.83

46.58

51.01

Surge Components Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															57.17	46.77	48.99	52.41	48.02

Competitive Comparison of Surge Components's Days Payable

For the Electronics & Computer Distribution subindustry, Surge Components'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.

Surge Components's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Surge Components's Days Payable distribution charts can be found below:

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

Surge Components 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.

Surge Components's Days Payable for the fiscal year that ended in Nov. 2023 is calculated as

	Days Payable (A: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Nov. 2022 )	+	Accounts Payable (A: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (A: Nov. 2023 )	*	Days in Period
=	( (4.148	+	3.217)	/	2 )	/	26.348	*	365
=	3.6825					/	26.348	*	365
=	51.01

Surge Components's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (3.217	+	2.058)	/	2 )	/	5.012	*	365 / 4
=	2.6375					/	5.012	*	365 / 4
=	48.02

Surge Components Days Payable Related Terms

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Surge Components (Surge Components) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Surge Components Inc (OTCPK:SPRS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

95 East Jefryn Boulevard, Deer Park, New York, NY, USA, 11729

Website

https://www.surgecomponents.com

Surge Components Inc is a supplier of electronic products and components. The company's products include capacitors, which are electrical energy storage devices, and discrete components, such as rectifiers, transistors, and diodes. Its marketed products are utilized in the electronic circuitry of products, comprising of automobiles, telecom, audio, cellular telephones, computers, consumer electronics, garage door openers, household appliances, power supplies and security equipment. In addition, the company's products are also sold to original equipment manufacturers and distributors.

Executives

Peter Levy	director	C/O ATLAS THERAPEUTICS CORPORATION, 4640 ADMIRALTY WAY, SUITE 500, MARINA DEL REY CA 90292
Michael D Tofias	10 percent owner	325 NORTH END AVENUE, APT. 25B, NEW YORK NY 10282
Steven J Lubman	director, officer: VP, Secretary, Director	1016 GRAND BLVD, DEER PARK NY 11729
Martin Novick	director
Alan Plafker	director	24 SYLVIA ROAD, PLAINVIEW NY 11803
Gary Mark Jacobs	director	15 HOOVER STREET, INWOOD NY 11096
Lawrence Chariton	director	30 ROCKAWAY PLACE, MASSAPEQUA NY 11758
Ira Levy	director, officer: Chief Executive Officer
David Siegel	director	95 EAST JEFRYN BOULEVARD, DEER PARK NY 11729