Standard Motor Products (FRA:SRU) Days Payable : 36.24 (As of Sep. 2024)

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What is Standard Motor Products Days Payable?

Standard Motor Products's average Accounts Payable for the three months ended in Sep. 2024 was €99 Mil. Standard Motor Products's Cost of Goods Sold for the three months ended in Sep. 2024 was €250 Mil. Hence, Standard Motor Products's Days Payable for the three months ended in Sep. 2024 was 36.24.

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

FRA:SRU' s Days Payable Range Over the Past 10 Years
Min: 37.03 Med: 39.6 Max: 46.95
Current: 38.15

During the past 13 years, Standard Motor Products's highest Days Payable was 46.95. The lowest was 37.03. And the median was 39.60.

FRA:SRU's Days Payable is ranked worse than
77.3% of 1273 companies
in the Vehicles & Parts industry
Industry Median: 66.34 vs FRA:SRU: 38.15

Standard Motor Products's Days Payable increased from Sep. 2023 (33.00) to Sep. 2024 (36.24). It may suggest that Standard Motor Products delayed paying its suppliers.

Standard Motor Products Days Payable Historical Data

The historical data trend for Standard Motor Products'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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Standard Motor Products Days Payable Chart

Standard Motor Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

41.81

46.40

45.54

40.19

37.52

Standard Motor Products Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															33.00	46.44	38.74	33.18	36.24

Competitive Comparison of Standard Motor Products's Days Payable

For the Auto Parts subindustry, Standard Motor Products'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.

Standard Motor Products's Days Payable Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Standard Motor Products's Days Payable falls into.

Standard Motor Products 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.

Standard Motor Products'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
=	( (84.249	+	98.536)	/	2 )	/	888.982	*	365
=	91.3925					/	888.982	*	365
=	37.52

Standard Motor Products's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (97.632	+	101.276)	/	2 )	/	250.387	*	365 / 4
=	99.454					/	250.387	*	365 / 4
=	36.24

Standard Motor Products Days Payable Related Terms

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Standard Motor Products Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Standard Motor Products Inc (FRA:SRU) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SMP:USA SRU:Germany

Address

37-18 Northern Boulevard, Long Island City, NY, USA, 11101

Website

https://www.smpcorp.com

Standard Motor Products Inc is a manufacturer and distributor of premium automotive parts used in the maintenance, service, and repair of vehicles in the automotive aftermarket industry. It operates into three business segments namely Engineered Solutions, Vehicle Control, and Temperature Control. The company focuses on the original equipment and original equipment services markets, with a product lineup of replacement parts for engine management ignition, emission, and fuel systems, as well as temperature-control products. The company operates majorly in the United States, with additional sales in Canada, Europe, Asia, Mexico, and other Latin American countries.