Simclar (Simclar) Days Payable : 71.13 (As of Sep. 2008)

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What is Simclar Days Payable?

Simclar's average Accounts Payable for the three months ended in Sep. 2008 was $15.1 Mil. Simclar's Cost of Goods Sold for the three months ended in Sep. 2008 was $19.3 Mil. Hence, Simclar's Days Payable for the three months ended in Sep. 2008 was 71.13.

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

SIMC's Days Payable is not ranked ^*
in the Hardware industry.
Industry Median: 68.08
* Ranked among companies with meaningful Days Payable only.

Simclar's Days Payable increased from Sep. 2007 (65.36) to Sep. 2008 (71.13). It may suggest that Simclar delayed paying its suppliers.

Simclar Days Payable Historical Data

The historical data trend for Simclar'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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Simclar Days Payable Chart

Simclar Annual Data

Trend

Dec98

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Days Payable

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30.01

33.06

56.25

49.51

56.51

Simclar Quarterly Data
	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08
Days Payable	Get a 7-Day Free Trial															65.36	63.44	68.88	58.24	71.13

Competitive Comparison of Simclar's Days Payable

For the Electronic Components subindustry, Simclar'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.

Simclar's Days Payable Distribution in the Hardware Industry

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

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

Simclar 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.

Simclar's Days Payable for the fiscal year that ended in Dec. 2007 is calculated as

	Days Payable (A: Dec. 2007 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2006 )	+	Accounts Payable (A: Dec. 2007 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2007 )	*	Days in Period
=	( (16.396	+	21.448)	/	2 )	/	122.226	*	365
=	18.922					/	122.226	*	365
=	56.51

Simclar's Days Payable for the quarter that ended in Sep. 2008 is calculated as:

	Days Payable (Q: Sep. 2008 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2008 )	+	Accounts Payable (Q: Sep. 2008 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2008 )	*	Days in Period
=	( (15.914	+	14.236)	/	2 )	/	19.339	*	365 / 4
=	15.075					/	19.339	*	365 / 4
=	71.13

Simclar Days Payable Related Terms

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Simclar (Simclar) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Simclar Inc (OTCPK:SIMC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2230 West 77th Street, Hialeah, FL, USA, 33016

Website

http://www.simclar.com

Simclar Inc is a contract manufacturer of electronic and electro mechanical products, providing electronics manufacturing services to original equipment manufacturers.

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