QCLSF (Global PVQ SE) Days Payable: 29.81 (As of Dec. 2011)


What is Global PVQ SE Days Payable?

Global PVQ SE QCLSF Days Payable is 29.81 as of Dec. 2011.

Global PVQ SE's average Accounts Payable for the three months ended in Dec. 2011 was $150 Mil. Global PVQ SE's Cost of Goods Sold for the three months ended in Dec. 2011 was $458 Mil. Hence, Global PVQ SE's Days Payable for the three months ended in Dec. 2011 was 29.81.

The historical rank and industry rank for Global PVQ SE's Days Payable or its related term are showing as below:

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

Global PVQ SE's Days Payable declined from Dec. 2010 (110.94) to Dec. 2011 (29.81). It may suggest that Global PVQ SE accelerated paying its suppliers.

Global PVQ SE Days Payable Historical Data

* Premium members only.

The historical data trend for Global PVQ SE'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.

Global PVQ SE Days Payable Chart

Global PVQ SE Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11
Days Payable
Get a 7-Day Free Trial 38.51 30.53 53.68 59.41 46.08

Global PVQ SE Quarterly Data
Dec04 Dec05 Dec06 Dec07 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11
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 110.94 45.09 32.16 68.47 29.81

QCLSF vs BSRC, YGEHY: Days Payable Comparison

For the Solar subindustry, Global PVQ SE'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.

Global PVQ SE Days Payable vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Global PVQ SE's Days Payable distribution charts can be found below:

* The bar in red indicates where Global PVQ SE's Days Payable falls into.


Global PVQ SE 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.

Global PVQ SE's Days Payable for the fiscal year that ended in Dec. 2011 is calculated as

Days Payable (A: Dec. 2011 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2010 ) + Accounts Payable (A: Dec. 2011 )) / count ) / Cost of Goods Sold (A: Dec. 2011 )*Days in Period
=( (196.825 + 130.526) / 2 ) / 1296.447*365
=163.6755 / 1296.447*365
=46.08

Global PVQ SE's Days Payable for the quarter that ended in Dec. 2011 is calculated as:

Days Payable (Q: Dec. 2011 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2011 ) + Accounts Payable (Q: Dec. 2011 )) / count ) / Cost of Goods Sold (Q: Dec. 2011 )*Days in Period
=( (168.638 + 130.526) / 2 ) / 457.895*365 / 4
=149.582 / 457.895*365 / 4
=29.81

* 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 29.81 mean?
Global PVQ SE (QCLSF) has a Days Payable of 29.81 as of Dec. 2011. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Global PVQ SE and its competitors.
Is Global PVQ SE's Days Payable too high?
Global PVQ SE's current Days Payable is 29.81. The Semiconductors industry median Days Payable is 53.06. Global PVQ SE's value of 29.81 is 43.8% below this industry median.
How does Global PVQ SE's Days Payable compare to BSRC and YGEHY?
Global PVQ SE's Days Payable of 29.81 can be compared against companies in the Semiconductors industry. The industry median Days Payable is 53.06. Global PVQ SE's value of 29.81 is 43.8% 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. Global PVQ SE's current Days Payable of 29.81 is 43.8% 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 Global PVQ SE 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. Global PVQ SE's current Days Payable is 29.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global PVQ SE stock overvalued right now?
Global PVQ SE (QCLSF) has a current Days Payable of 29.81. The current Days Payable is 29.81 and 43.8% 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 Global PVQ SE (QCLSF), the current Days Payable is 29.81 as of Dec. 2011. 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.

Global PVQ SE Business Description

Address OT Thalheim, Sonnenallee 17-21, Bitterfeld-Wolfen, DEU, 06766
Global PVQ SE is engaged in the production of renewable energies and photovoltaic devices. The business activities of the group are under Products and Systems segments. The Products segment comprises the production and sale of solar cells from monocrystalline and polycrystalline silicon, and production and sale of corresponding modules. The Systems segment comprises the development and installation of photovoltaic systems, including both large-scale systems as well as medium-sized industrial and commercial systems. Geographically, the activities are functioned through the region of Germany.