Primoris Services (FRA:1PM) Days Payable : 31.82 (As of Dec. 2024)

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What is Primoris Services Days Payable?

Primoris Services's average Accounts Payable for the three months ended in Dec. 2024 was €518 Mil. Primoris Services's Cost of Goods Sold for the three months ended in Dec. 2024 was €1,487 Mil. Hence, Primoris Services's Days Payable for the three months ended in Dec. 2024 was 31.82.

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

FRA:1PM' s Days Payable Range Over the Past 10 Years
Min: 26.84 Med: 30.25 Max: 41.42
Current: 38.13

During the past 13 years, Primoris Services's highest Days Payable was 41.42. The lowest was 26.84. And the median was 30.25.

FRA:1PM's Days Payable is ranked worse than
82.18% of 1672 companies
in the Construction industry
Industry Median: 76.29 vs FRA:1PM: 38.13

Primoris Services's Days Payable declined from Dec. 2023 (38.27) to Dec. 2024 (31.82). It may suggest that Primoris Services accelerated paying its suppliers.

Primoris Services Days Payable Historical Data

The historical data trend for Primoris Services'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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Primoris Services Days Payable Chart

Primoris Services Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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29.48

29.73

36.43

41.98

39.58

Primoris Services Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															38.27	44.91	40.09	34.31	31.82

Competitive Comparison of Primoris Services's Days Payable

For the Engineering & Construction subindustry, Primoris Services'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.

Primoris Services's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Primoris Services's Days Payable distribution charts can be found below:

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

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Primoris Services 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.

Primoris Services's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (576.758	+	596.163)	/	2 )	/	5408.731	*	365
=	586.4605					/	5408.731	*	365
=	39.58

Primoris Services'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: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (440.636	+	596.163)	/	2 )	/	1486.679	*	365 / 4
=	518.3995					/	1486.679	*	365 / 4
=	31.82

Primoris Services Days Payable Related Terms

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Primoris Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Primoris Services Corp (FRA:1PM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PRIM:USA 1PM:Germany

Address

2300 N. Field Street, Suite 1900, Dallas, TX, USA, 75201

Website

https://www.prim.com

Primoris Services Corp is a provider of infrastructure services operating mainly in the United States and Canada. It provides a wide range of construction services, maintenance, replacement, fabrication and engineering services to a diversified base of customers. The reportable segments are the Utilities segment and the Energy segment. The Utilities segment operates in a range of services, including the installation and maintenance of new and existing natural gas and electric utility distribution and transmission systems, and communication systems. The Energy segment operates in a range of services that include engineering, procurement, and construction, retrofits, highway and bridge construction, demolition, site work, outages, pipeline construction and maintenance, and others.

Primoris Services Headlines

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