SolarWorld AG (HAM:SWVK) Days Payable: 46.26 (As of Dec. 2016)


What is SolarWorld AG Days Payable?

SolarWorld AG HAM:SWVK +73.08% Days Payable is 46.26 as of Dec. 2016.

SolarWorld AG's average Accounts Payable for the three months ended in Dec. 2016 was €69.7 Mil. SolarWorld AG's Cost of Goods Sold for the three months ended in Dec. 2016 was €137.4 Mil. Hence, SolarWorld AG's Days Payable for the three months ended in Dec. 2016 was 46.26.

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

HAM:SWVK's Days Payable is not ranked *
in the Semiconductors industry.
Industry Median: 53.06
* Ranked among companies with meaningful Days Payable only.

SolarWorld AG's Days Payable declined from Dec. 2015 (49.99) to Dec. 2016 (46.26). It may suggest that SolarWorld AG accelerated paying its suppliers.

SolarWorld AG Days Payable Historical Data

* Premium members only.

The historical data trend for SolarWorld AG'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.

SolarWorld AG Days Payable Chart

SolarWorld AG Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.56 25.11 28.31 44.65 42.47

SolarWorld AG Quarterly Data
Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 49.99 56.77 67.29 65.18 46.26

HAM:SWVK vs SUNW, RGSE: Days Payable Comparison

For the Solar subindustry, SolarWorld AG'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.

SolarWorld AG Days Payable vs Semiconductors Industry

For the Semiconductors industry and Technology sector, SolarWorld AG's Days Payable distribution charts can be found below:

* The bar in red indicates where SolarWorld AG's Days Payable falls into.


SolarWorld AG 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.

SolarWorld AG's Days Payable for the fiscal year that ended in Dec. 2016 is calculated as

Days Payable (A: Dec. 2016 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2015 ) + Accounts Payable (A: Dec. 2016 )) / count ) / Cost of Goods Sold (A: Dec. 2016 )*Days in Period
=( (77.771 + 51.202) / 2 ) / 554.214*365
=64.4865 / 554.214*365
=42.47

SolarWorld AG's Days Payable for the quarter that ended in Dec. 2016 is calculated as:

Days Payable (Q: Dec. 2016 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2016 ) + Accounts Payable (Q: Dec. 2016 )) / count ) / Cost of Goods Sold (Q: Dec. 2016 )*Days in Period
=( (88.155 + 51.202) / 2 ) / 137.438*365 / 4
=69.6785 / 137.438*365 / 4
=46.26

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 46.26 mean?
SolarWorld AG (HAM:SWVK) has a Days Payable of 46.26 as of Dec. 2016. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on SolarWorld AG and its competitors.
Is SolarWorld AG's Days Payable too high?
SolarWorld AG's current Days Payable is 46.26. The Semiconductors industry median Days Payable is 53.06. SolarWorld AG's value of 46.26 is 12.8% below this industry median.
How does SolarWorld AG's Days Payable compare to SUNW and RGSE?
SolarWorld AG's Days Payable of 46.26 can be compared against companies in the Semiconductors industry. The industry median Days Payable is 53.06. SolarWorld AG's value of 46.26 is 12.8% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Semiconductors company?
The median Days Payable among Semiconductors companies is 53.06, based on 997 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SolarWorld AG's current Days Payable of 46.26 is 12.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on SolarWorld AG and its competitors. For the Semiconductors industry, the median Days Payable is 53.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SolarWorld AG's current Days Payable is 46.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SolarWorld AG stock overvalued right now?
SolarWorld AG (HAM:SWVK) has a current Days Payable of 46.26. The current Days Payable is 46.26 and 12.8% below the Semiconductors industry median of 53.06. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For SolarWorld AG (HAM:SWVK), the current Days Payable is 46.26 as of Dec. 2016. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

SolarWorld AG Business Description

Address Martin-Luther-King-Street 24, Bonn, DEU, 53175
SolarWorld AG is a manufacturer of solar power products. It also researches, develops, produces and recycles on all levels of the solar value-added chain. It also focuses on the production and international distribution of high-end solar energy facilities. The business operates through segments that include Production Germany, Production United States, Trade, and Others. The Trade segment generates maximum revenue for the company. Its product line consists of module and assembly kit, cells and wafers, power generation, and other revenue. The sales of module and assembly kit generate maximum revenue for the company.