Solution Financial (TSX:SFI) Days Payable : 0.00 (As of Jan. 2024)

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What is Solution Financial Days Payable?

Solution Financial's average Accounts Payable for the three months ended in Jan. 2024 was C$0.00 Mil. Solution Financial's Cost of Goods Sold for the three months ended in Jan. 2024 was C$2.19 Mil. Hence, Solution Financial's Days Payable for the three months ended in Jan. 2024 was 0.00.

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

During the past 13 years, Solution Financial's highest Days Payable was 7.93. The lowest was 7.93. And the median was 7.93.

TSX:SFI's Days Payable is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 65.67
* Ranked among companies with meaningful Days Payable only.

Solution Financial's Days Payable stayed the same from Jan. 2023 (0.00) to Jan. 2024 (0.00). stayed the same

Solution Financial Days Payable Historical Data

The historical data trend for Solution Financial'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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Solution Financial Days Payable Chart

Solution Financial Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Days Payable

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Solution Financial Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Payable	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Solution Financial's Days Payable

For the Auto & Truck Dealerships subindustry, Solution Financial'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.

Solution Financial's Days Payable Distribution in the Vehicles & Parts Industry

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

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

Solution Financial 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.

Solution Financial's Days Payable for the fiscal year that ended in Oct. 2023 is calculated as

	Days Payable (A: Oct. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Oct. 2022 )	+	Accounts Payable (A: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (A: Oct. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	11.456	*	365
=	0					/	11.456	*	365
=	0.00

Solution Financial's Days Payable for the quarter that ended in Jan. 2024 is calculated as:

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	2.185	*	365 / 4
=	0					/	2.185	*	365 / 4
=	0.00

Solution Financial Days Payable Related Terms

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Solution Financial (TSX:SFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Solution Financial Inc (TSX:SFI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SLNFF:USA

Address

Unit 137 - 8680 Cambie Road, Richmond, BC, CAN, V6X 4K1

Website

https://www.solution.financial

Solution Financial Inc is engaged in retail sales, leases, and financing for high-end automotive vehicles, ultra-luxury vehicles, boats, and commercial equipment. The firm generates the majority of its revenue through the sales and leases of vehicles.

Executives

John Randall Smyth

Director

Solution Financial (TSX:SFI) Headlines

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