Serial System (SGX:S69) Days Payable : 24.54 (As of Dec. 2023)

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What is Serial System Days Payable?

Serial System's average Accounts Payable for the six months ended in Dec. 2023 was S$64 Mil. Serial System's Cost of Goods Sold for the six months ended in Dec. 2023 was S$479 Mil. Hence, Serial System's Days Payable for the six months ended in Dec. 2023 was 24.54.

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: 36.71 Max: 40.67
Current: 29.14

During the past 13 years, Serial System's highest Days Payable was 40.67. The lowest was 28.28. And the median was 36.71.

SGX:S69's Days Payable is ranked worse than
88.49% of 2423 companies
in the Hardware industry
Industry Median: 67.77 vs SGX:S69: 29.14

Serial System's Days Payable declined from Dec. 2022 (36.40) to Dec. 2023 (24.54). It may suggest that Serial System accelerated paying its suppliers.

Serial System Days Payable Historical Data

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.

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Serial System Days Payable Chart

Serial System Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

40.23

37.43

29.99

30.10

30.62

Serial System Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															26.91	33.61	36.40	32.61	24.54

Competitive Comparison of Serial System's Days Payable

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's Days Payable Distribution in the 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. 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
=	( (95.645	+	60.853)	/	2 )	/	932.632	*	365
=	78.249					/	932.632	*	365
=	30.62

Serial System's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (68.049	+	60.853)	/	2 )	/	479.338	*	365 / 2
=	64.451					/	479.338	*	365 / 2
=	24.54

Serial System Days Payable Related Terms

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Serial System (SGX:S69) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Serial System Ltd (SGX:S69) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Ubi View No. 05-01, Serial System Building, Singapore, SGP, 408554

Website

https://www.serialsystem.com

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, photographic, and timepiece products. The business operates through segments that are Electronic Components Distribution, Consumer Products Distribution, and Other Businesses.

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