Somero Enterprises (LSE:SOM) Days Payable : 27.68 (As of Dec. 2023)

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What is Somero Enterprises Days Payable?

Somero Enterprises's average Accounts Payable for the six months ended in Dec. 2023 was £3.36 Mil. Somero Enterprises's Cost of Goods Sold for the six months ended in Dec. 2023 was £22.17 Mil. Hence, Somero Enterprises's Days Payable for the six months ended in Dec. 2023 was 27.68.

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

LSE:SOM' s Days Payable Range Over the Past 10 Years
Min: 21.03 Med: 34.27 Max: 51.47
Current: 42.32

During the past 13 years, Somero Enterprises's highest Days Payable was 51.47. The lowest was 21.03. And the median was 34.27.

LSE:SOM's Days Payable is ranked worse than
83.5% of 206 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 72.58 vs LSE:SOM: 42.32

Somero Enterprises's Days Payable declined from Dec. 2022 (53.72) to Dec. 2023 (27.68). It may suggest that Somero Enterprises accelerated paying its suppliers.

Somero Enterprises Days Payable Historical Data

The historical data trend for Somero Enterprises'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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Somero Enterprises Days Payable Chart

Somero Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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21.03

30.59

37.00

51.47

46.10

Somero Enterprises Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															43.65	44.75	53.72	54.60	27.68

Competitive Comparison of Somero Enterprises's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Somero Enterprises'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.

Somero Enterprises's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Somero Enterprises's Days Payable distribution charts can be found below:

* The bar in red indicates where Somero Enterprises's Days Payable falls into.

Somero Enterprises 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.

Somero Enterprises'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
=	( (7.95	+	2.694)	/	2 )	/	42.141	*	365
=	5.322					/	42.141	*	365
=	46.10

Somero Enterprises's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (4.03	+	2.694)	/	2 )	/	22.169	*	365 / 2
=	3.362					/	22.169	*	365 / 2
=	27.68

Somero Enterprises Days Payable Related Terms

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Somero Enterprises (LSE:SOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Somero Enterprises Inc (LSE:SOM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

14530 Global Parkway, Fort Myers, FL, USA, 33913

Website

https://www.somero.com

Somero Enterprises Inc provides concrete placing solutions. The company provides concrete-leveling equipment, training, education, & support to its customers. Its products include CopperHead, Mini Screed C, S-840, S-15R, S-22E, S-485, S-940, S-10A, & the S-158 Laser Screed machines; STS-11M Topping Spreader; as well as the 3-D Profiler System software, the Somero Floor Levelness System, & the SP-16 Concrete Hose Line-Pulling & Placing System. Its revenues are derived from sales of Boomed screed products, Ride-on screed products, Remanufactured machines sales, 3-D Profiler System, & sales of parts & accessories, other equipment, service, training, & shipping charges. Geographically, it operates in North America, EMEA & ROW (Australia, Latin America, India, China, Korea, & Southeast Asia).

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