SP New Energy (PHS:SPNEC) Days Payable: 85.01 (As of Sep. 2024)


PHS:SPNEC SP New Energy Corp PHS:SPNEC
33 GF Score
Price ₱1.34
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What is SP New Energy Days Payable?

SP New Energy PHS:SPNEC +2.29% 33 Days Payable is 85.01 as of Sep. 2024. GuruFocus rates PHS:SPNEC with a GF Score™ of 33/100.

SP New Energy's average Accounts Payable for the three months ended in Sep. 2024 was ₱163 Mil. SP New Energy's Cost of Goods Sold for the three months ended in Sep. 2024 was ₱175 Mil. Hence, SP New Energy's Days Payable for the three months ended in Sep. 2024 was 85.01.

The historical rank and industry rank for SP New Energy's Days Payable or its related term are showing as below:

PHS:SPNEC's Days Payable is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 79.64
* Ranked among companies with meaningful Days Payable only.

SP New Energy's Days Payable increased from Sep. 2023 (22.50) to Sep. 2024 (85.01). It may suggest that SP New Energy delayed paying its suppliers.

SP New Energy Days Payable Historical Data

* Premium members only.

The historical data trend for SP New Energy'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.

SP New Energy Days Payable Chart

SP New Energy Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Jun22 Dec23
Days Payable
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 54.82

SP New Energy Quarterly Data
Dec17 Dec18 Dec19 Dec20 Jun21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 22.50 21.78 56.20 87.10 85.01

PHS:SPNEC vs CEG: Days Payable Comparison

For the Utilities - Renewable subindustry, SP New Energy'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.

SP New Energy Days Payable vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, SP New Energy's Days Payable distribution charts can be found below:

* The bar in red indicates where SP New Energy's Days Payable falls into.


PHS:SPNEC
33GF Score
SP New Energy Corp PHS:SPNEC
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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SP New Energy 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.

SP New Energy'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: Jun. 2022 ) + Accounts Payable (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (0 + 49.128) / 1 ) / 327.103*365
=49.128 / 327.103*365
=54.82

SP New Energy'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
=( (106.099 + 219.759) / 2 ) / 174.889*365 / 4
=162.929 / 174.889*365 / 4
=85.01

* 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 85.01 mean?
SP New Energy (PHS:SPNEC) has a Days Payable of 85.01 as of Sep. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on SP New Energy and its competitors.
Is SP New Energy's Days Payable too high?
SP New Energy's current Days Payable is 85.01. The Utilities - Independent Power Producers industry median Days Payable is 79.64. SP New Energy's value of 85.01 is 6.7% above this industry median. Overall, SP New Energy has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does SP New Energy's Days Payable compare to CEG?
SP New Energy's Days Payable of 85.01 can be compared against companies in the Utilities - Independent Power Producers industry. The industry median Days Payable is 79.64. SP New Energy's value of 85.01 is 6.7% above 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 an Utilities - Independent Power Producers company?
The median Days Payable among Utilities - Independent Power Producers companies is 79.64, based on 390 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. SP New Energy's current Days Payable of 85.01 is 6.7% above 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 SP New Energy and its competitors. For the Utilities - Independent Power Producers industry, the median Days Payable is 79.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SP New Energy's current Days Payable is 85.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SP New Energy stock overvalued right now?
SP New Energy (PHS:SPNEC) has a current Days Payable of 85.01. The current Days Payable is 85.01 and 6.7% above the Utilities - Independent Power Producers industry median of 79.64. SP New Energy's overall GF Score™ is 33/100. 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 SP New Energy (PHS:SPNEC), the current Days Payable is 85.01 as of Sep. 2024. 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.

SP New Energy Business Description

Address Ortigas Avenue, Rockwell Business Center, Barangay Ugong, Second District, National Capital Region, Pasig, PHL, 1604
SP New Energy Corp mainly to engage in the construction, operation and maintenance of all types of renewable energy plants and related services. The Group has only one geographical segment Philippines.
33GF Score

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Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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