SCCI (Shimmick Construction Company) Days Payable: 32.55 (As of Jun. 2015)


What is Shimmick Construction Company Days Payable?

Shimmick Construction Company SCCI Days Payable is 32.55 as of Jun. 2015.

Shimmick Construction Company's average Accounts Payable for the six months ended in Jun. 2015 was $39.75 Mil. Shimmick Construction Company's Cost of Goods Sold for the six months ended in Jun. 2015 was $222.86 Mil. Hence, Shimmick Construction Company's Days Payable for the six months ended in Jun. 2015 was 32.55.

The historical rank and industry rank for Shimmick Construction Company's Days Payable or its related term are showing as below:

SCCI's Days Payable is not ranked *
in the Construction industry.
Industry Median: 76.79
* Ranked among companies with meaningful Days Payable only.

Shimmick Construction Company's Days Payable declined from Jun. 2014 (52.28) to Jun. 2015 (32.55). It may suggest that Shimmick Construction Company accelerated paying its suppliers.

Shimmick Construction Company Days Payable Historical Data

* Premium members only.

The historical data trend for Shimmick Construction Company'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.

Shimmick Construction Company Days Payable Chart

Shimmick Construction Company Annual Data
Trend Dec13 Dec14
Days Payable
42.81 44.46

Shimmick Construction Company Semi-Annual Data
Dec13 Jun14 Dec14 Jun15
Days Payable 0.00 52.28 39.45 32.55

SCCI vs TSSI, SWMM, SFHI: Days Payable Comparison

For the Engineering & Construction subindustry, Shimmick Construction Company'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.

Shimmick Construction Company Days Payable vs Construction Industry

For the Construction industry and Industrials sector, Shimmick Construction Company's Days Payable distribution charts can be found below:

* The bar in red indicates where Shimmick Construction Company's Days Payable falls into.


Shimmick Construction Company 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.

Shimmick Construction Company's Days Payable for the fiscal year that ended in Dec. 2014 is calculated as

Days Payable (A: Dec. 2014 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2013 ) + Accounts Payable (A: Dec. 2014 )) / count ) / Cost of Goods Sold (A: Dec. 2014 )*Days in Period
=( (32.833 + 38.654) / 2 ) / 293.409*365
=35.7435 / 293.409*365
=44.46

Shimmick Construction Company's Days Payable for the quarter that ended in Jun. 2015 is calculated as:

Days Payable (Q: Jun. 2015 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2014 ) + Accounts Payable (Q: Jun. 2015 )) / count ) / Cost of Goods Sold (Q: Jun. 2015 )*Days in Period
=( (38.654 + 40.85) / 2 ) / 222.864*365 / 2
=39.752 / 222.864*365 / 2
=32.55

* 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 32.55 mean?
Shimmick Construction Company (SCCI) has a Days Payable of 32.55 as of Jun. 2015. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Shimmick Construction Company and its competitors.
Is Shimmick Construction Company's Days Payable too high?
Shimmick Construction Company's current Days Payable is 32.55. The Construction industry median Days Payable is 76.79. Shimmick Construction Company's value of 32.55 is 57.6% below this industry median.
How does Shimmick Construction Company's Days Payable compare to TSSI and SWMM?
Shimmick Construction Company's Days Payable of 32.55 can be compared against companies in the Construction industry. The industry median Days Payable is 76.79. Shimmick Construction Company's value of 32.55 is 57.6% 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 Construction company?
The median Days Payable among Construction companies is 76.79, based on 1,710 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. Shimmick Construction Company's current Days Payable of 32.55 is 57.6% 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 Shimmick Construction Company and its competitors. For the Construction industry, the median Days Payable is 76.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shimmick Construction Company's current Days Payable is 32.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shimmick Construction Company stock overvalued right now?
Shimmick Construction Company (SCCI) has a current Days Payable of 32.55. The current Days Payable is 32.55 and 57.6% below the Construction industry median of 76.79. 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 Shimmick Construction Company (SCCI), the current Days Payable is 32.55 as of Jun. 2015. 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.

Shimmick Construction Company Business Description

Shimmick Construction Company Inc is a heavy civil construction company founded in 1990. The Company is engaged in construction activities in the western United States, with operations in California. The Company offers general construction, construction management, and design-build services to federal, state, and local public agencies and private customers in California and the Western United States. The Company operates in two segments including construction Projects and Construction Materials. The Construction Projects segment performs construction projects including new construction and improvement of streets, roads, highways, bridges, site work, underground, power-related facilities, utilities and other infrastructure projects. The Construction Materials segment mines and processes aggregates and operates plants that produce construction materials for internal use and for sale to third parties. The Company's customers include Caltrans, City of San Francisco, Port of Long Beach, Port of Los Angeles, City of Los Angeles, LA MTA, BART, VTA, and the Metropolitan Water District of Southern California (MWD). The Company faces competition from competitors including Balfour Beatty plc, Barnard Construction Company, Inc., Dragados S.A., Flatiron Construction Corp., Fluor Corporation, Granite Construction Incorporated, Kiewit Corporation, Obayashi Corporation, Skanska AB, Traylor Bros., Inc., Tutor Perini Corporation, and Walsh Construction Co. The Company's business is subject to various federal, state and local laws and regulations relating to the environment, including those relating to discharges to air, water and land, the handling and disposal of solid and hazardous waste, the handling of underground storage tanks and the cleanup of properties affected by hazardous substances.