Spectra Systems (LSE:SPSC) Days Payable : 39.38 (As of Dec. 2024)

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What is Spectra Systems Days Payable?

Spectra Systems's average Accounts Payable for the six months ended in Dec. 2024 was £2.67 Mil. Spectra Systems's Cost of Goods Sold for the six months ended in Dec. 2024 was £12.39 Mil. Hence, Spectra Systems's Days Payable for the six months ended in Dec. 2024 was 39.38.

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

LSE:SPSC' s Days Payable Range Over the Past 10 Years
Min: 23.71 Med: 34.92 Max: 101.84
Current: 45.13

During the past 13 years, Spectra Systems's highest Days Payable was 101.84. The lowest was 23.71. And the median was 34.92.

LSE:SPSC's Days Payable is ranked worse than
54.33% of 2553 companies
in the Software industry
Industry Median: 51.71 vs LSE:SPSC: 45.13

Spectra Systems's Days Payable declined from Dec. 2023 (105.07) to Dec. 2024 (39.38). It may suggest that Spectra Systems accelerated paying its suppliers.

Spectra Systems Days Payable Historical Data

The historical data trend for Spectra Systems'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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Spectra Systems Days Payable Chart

Spectra Systems Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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35.63

30.59

34.20

101.84

45.31

Spectra Systems Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Days Payable	Get a 7-Day Free Trial															34.41	44.82	105.07	53.80	39.38

Competitive Comparison of Spectra Systems's Days Payable

For the Software - Application subindustry, Spectra Systems'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.

Spectra Systems's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Spectra Systems's Days Payable distribution charts can be found below:

* The bar in red indicates where Spectra Systems's Days Payable falls into.

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Spectra Systems 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.

Spectra Systems'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
=	( (2.175	+	2.872)	/	2 )	/	20.33	*	365
=	2.5235					/	20.33	*	365
=	45.31

Spectra Systems'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: Jun. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (2.476	+	2.872)	/	2 )	/	12.392	*	365 / 2
=	2.674					/	12.392	*	365 / 2
=	39.38

Spectra Systems Days Payable Related Terms

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Spectra Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Spectra Systems Corp (LSE:SPSC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SPSY:UK

Address

40 Westminster Street, 2nd Floor, Providence, RI, USA, 02903

Website

https://www.spsy.com

Spectra Systems Corp manufactures, and markets technology-based products used to authenticate and process banknotes and also offers secure software products for gaming. The company has divided its business into Authentication Systems, Security Printing, and Banknote Cleaning. The company derives maximum revenue from Authentication Systems that involve the hardware, software, and materials related to the authentication of banknotes, tax stamps, and other high-value goods.