Serial System (SGX:S69) Days Payable: 34.44 (As of Dec. 2025) — Near Median

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What is Serial System Days Payable?

Serial System SGX:S69 Days Payable is 34.44 as of Dec. 2025, which is 1% above its 10-year median of 34.20. The stock has 5 warning signs investors should review. Among 2,442 Hardware companies, Serial System ranks worse than 78.62% on this metric.

Serial System's average Accounts Payable for the six months ended in Dec. 2025 was S$106 Mil. Serial System's Cost of Goods Sold for the six months ended in Dec. 2025 was S$560 Mil. Hence, Serial System's Days Payable for the six months ended in Dec. 2025 was 34.44.

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

SGX:S69' s Days Payable Range Over the Past 10 Years
Min: 28.28   Med: 34.2   Max: 40.23
Current: 38.7

During the past 13 years, Serial System's highest Days Payable was 40.23. The lowest was 28.28. And the median was 34.20.

SGX:S69's Days Payable is ranked worse than
78.62% of 2442 companies
in the Hardware industry
Industry Median: 69.89 vs SGX:S69: 38.70

Serial System's Days Payable declined from Dec. 2024 (35.15) to Dec. 2025 (34.44). It may suggest that Serial System accelerated paying its suppliers.


Serial System Days Payable Historical Data

* Premium members only.

The historical data trend for Serial System'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.

Serial System Days Payable Chart

Serial System Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.99 30.10 30.62 32.30 38.41

Serial System Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 Premium Member Only Premium Member Only Premium Member Only 24.54 28.53 35.15 44.07 34.44

SGX:S69 vs SNX, ARW, AVT: Days Payable Comparison

For the Electronics & Computer Distribution subindustry, Serial System'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.


Serial System Days Payable vs Hardware Industry

For the Hardware industry and Technology sector, Serial System's Days Payable distribution charts can be found below:

* The bar in red indicates where Serial System's Days Payable falls into.



Serial System 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.

Serial System's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (113.652 + 102.054) / 2 ) / 1024.874*365
=107.853 / 1024.874*365
=38.41

Serial System's Days Payable for the quarter that ended in Dec. 2025 is calculated as:

Days Payable (Q: Dec. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2025 ) + Accounts Payable (Q: Dec. 2025 )) / count ) / Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=( (109.346 + 102.054) / 2 ) / 560.151*365 / 2
=105.7 / 560.151*365 / 2
=34.44

* 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 34.44 mean?
Serial System (SGX:S69) has a Days Payable of 34.44 as of Dec. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Serial System and its competitors. This is near median its historical median of 34.20. Over the past decade, Serial System's Days Payable has ranged from 28.28 to 40.23. According to the industry distribution chart, Serial System ranks #1920 out of 2442 companies in the Hardware industry, placing it in the top 78.6%.
Is Serial System's Days Payable too high?
Serial System's current Days Payable of 34.44 is near median its 10-year median of 34.20. Over the past 10 years, this metric has ranged from a low of 28.28 to a high of 40.23. The Hardware industry median Days Payable is 69.89. Serial System's value of 34.44 is 50.7% below this industry median. Based on the distribution chart, Serial System ranks #1920 out of 2442 companies in the Hardware industry, which is in the bottom quartile relative to peers.
How does Serial System's Days Payable compare to SNX and ARW?
According to the Hardware industry distribution chart, Serial System ranks #1920 out of 2442 companies for Days Payable. This places Serial System in the lower half of its industry. The industry median Days Payable is 69.89. Serial System's value of 34.44 is 50.7% below this benchmark. Historically, Serial System's own Days Payable has ranged from 28.28 to 40.23 over the past decade. While the company's 10-year median is 34.20 vs. the industry median of 69.89, Serial System has consistently been below the industry average. 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 Hardware company?
The median Days Payable among Hardware companies is 69.89, based on 2,442 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. Serial System's current Days Payable of 34.44 is 50.7% 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 Serial System and its competitors. For the Hardware industry, the median Days Payable is 69.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Serial System's current Days Payable is 34.44, which is near median its own 10-year median of 34.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Serial System stock overvalued right now?
Based on GuruFocus' analysis, Serial System (SGX:S69) is currently considered Modestly Overvalued. The stock's GF Value™ is S$0.06, compared to a current price of S$0.08 — trading 25% above its estimated fair value. The current Days Payable is 34.44, which is near median its 10-year median of 34.20 and 50.7% below the Hardware industry median of 69.89. 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 Serial System (SGX:S69), the current Days Payable is 34.44 as of Dec. 2025. 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.

Serial System Business Description

Address 8 Ubi View No. 05-01, Serial System Building, Singapore, SGP, 408554
Serial System Ltd is an investment holding company that provides management services to its subsidiaries. The company is involved in the distribution of electronic and electrical components, and trading and distribution of fast-moving consumer goods, and other products. The business operates through segments that are Electronic Components Distribution, Consumer Products Distribution, and Other Businesses. The company derives maximum revenue from Electronic components distribution.