SMA Solar Technology AG (LTS:0NIF) Days Payable : 101.40 (As of Mar. 2024)

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What is SMA Solar Technology AG Days Payable?

SMA Solar Technology AG's average Accounts Payable for the three months ended in Mar. 2024 was €297 Mil. SMA Solar Technology AG's Cost of Goods Sold for the three months ended in Mar. 2024 was €267 Mil. Hence, SMA Solar Technology AG's Days Payable for the three months ended in Mar. 2024 was 101.40.

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

LTS:0NIF' s Days Payable Range Over the Past 10 Years
Min: 46.84 Med: 61.09 Max: 69.56
Current: 68.07

During the past 13 years, SMA Solar Technology AG's highest Days Payable was 69.56. The lowest was 46.84. And the median was 61.09.

LTS:0NIF's Days Payable is ranked better than
63.69% of 964 companies
in the Semiconductors industry
Industry Median: 51.61 vs LTS:0NIF: 68.07

SMA Solar Technology AG's Days Payable increased from Mar. 2023 (56.00) to Mar. 2024 (101.40). It may suggest that SMA Solar Technology AG delayed paying its suppliers.

SMA Solar Technology AG Days Payable Historical Data

The historical data trend for SMA Solar Technology 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.

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SMA Solar Technology AG Days Payable Chart

SMA Solar Technology AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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69.56

67.70

62.83

58.00

59.34

SMA Solar Technology AG Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															56.00	63.32	57.92	63.91	101.40

Competitive Comparison of SMA Solar Technology AG's Days Payable

For the Solar subindustry, SMA Solar Technology 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.

SMA Solar Technology AG's Days Payable Distribution in the Semiconductors Industry

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

* The bar in red indicates where SMA Solar Technology AG's Days Payable falls into.

SMA Solar Technology 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.

SMA Solar Technology AG'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
=	( (133.449	+	303.796)	/	2 )	/	1344.715	*	365
=	218.6225					/	1344.715	*	365
=	59.34

SMA Solar Technology AG's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (303.796	+	289.477)	/	2 )	/	266.945	*	365 / 4
=	296.6365					/	266.945	*	365 / 4
=	101.40

SMA Solar Technology AG Days Payable Related Terms

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SMA Solar Technology AG (LTS:0NIF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SMA Solar Technology AG (LTS:0NIF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SMTGY:USA SMTGF:USA 1S:Italy S92d:UK S92:Germany S92:Austria

Address

Sonnenallee 1, Niestetal, DEU, 34266

Website

https://www.sma.de

SMA Solar Technology AG produces, develops, and sells photovoltaic (PV) inverters and other technologies. It operates through several businesses that include Residential, Commercial, Utility, Off-Grid and Storage, and Service. The company's PV inverters convert direct currents from the module into alternating currents. Depending on demand, it is consumed directly into the home, stored, or fed into the utility grid. In SMA's primary business units it provides small PV systems for private applications to residential markets and medium-sized PV systems for commercial application. Utility clients are offered large-scale PV power plants in addition to grid service and monitoring functions.

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