SIRC (Solar Integrated Roofing) Days Payable: 18.04 (As of Sep. 2022)


What is Solar Integrated Roofing Days Payable?

Solar Integrated Roofing SIRC -99.00% Days Payable is 18.04 as of Sep. 2022.

Solar Integrated Roofing's average Accounts Payable for the three months ended in Sep. 2022 was $8.52 Mil. Solar Integrated Roofing's Cost of Goods Sold for the three months ended in Sep. 2022 was $43.07 Mil. Hence, Solar Integrated Roofing's Days Payable for the three months ended in Sep. 2022 was 18.04.

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

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

Solar Integrated Roofing's Days Payable increased from May. 2010 (0.00) to Sep. 2022 (18.04). It may suggest that Solar Integrated Roofing delayed paying its suppliers.

Solar Integrated Roofing Days Payable Historical Data

* Premium members only.

The historical data trend for Solar Integrated Roofing'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.

Solar Integrated Roofing Days Payable Chart

Solar Integrated Roofing Annual Data
Trend Feb08 Feb09
Days Payable
160.38 0.00

Solar Integrated Roofing Quarterly Data
Aug07 Nov07 Feb08 May08 Aug08 Nov08 Feb09 May09 Aug09 Nov09 Feb10 May10 Aug10 Nov10 Sep21 Sep22
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 0.00 0.00 0.00 0.03 18.04

SIRC vs YGEHY, BSRC: Days Payable Comparison

For the Solar subindustry, Solar Integrated Roofing'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.

Solar Integrated Roofing Days Payable vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Solar Integrated Roofing's Days Payable distribution charts can be found below:

* The bar in red indicates where Solar Integrated Roofing's Days Payable falls into.


Solar Integrated Roofing 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.

Solar Integrated Roofing's Days Payable for the fiscal year that ended in Feb. 2009 is calculated as

Days Payable (A: Feb. 2009 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Feb. 2008 ) + Accounts Payable (A: Feb. 2009 )) / count ) / Cost of Goods Sold (A: Feb. 2009 )*Days in Period
=( (0.029 + 0.003) / 2 ) / 0*365
=0.016 / 0*365
=N/A

Solar Integrated Roofing's Days Payable for the quarter that ended in Sep. 2022 is calculated as:

Days Payable (Q: Sep. 2022 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2021 ) + Accounts Payable (Q: Sep. 2022 )) / count ) / Cost of Goods Sold (Q: Sep. 2022 )*Days in Period
=( (0 + 8.516) / 1 ) / 43.071*365 / 4
=8.516 / 43.071*365 / 4
=18.04

* 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 18.04 mean?
Solar Integrated Roofing (SIRC) has a Days Payable of 18.04 as of Sep. 2022. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Solar Integrated Roofing and its competitors.
Is Solar Integrated Roofing's Days Payable too high?
Solar Integrated Roofing's current Days Payable is 18.04. The Semiconductors industry median Days Payable is 53.06. Solar Integrated Roofing's value of 18.04 is 66% below this industry median.
How does Solar Integrated Roofing's Days Payable compare to YGEHY and BSRC?
Solar Integrated Roofing's Days Payable of 18.04 can be compared against companies in the Semiconductors industry. The industry median Days Payable is 53.06. Solar Integrated Roofing's value of 18.04 is 66% 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 999 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. Solar Integrated Roofing's current Days Payable of 18.04 is 66% 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 Solar Integrated Roofing 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. Solar Integrated Roofing's current Days Payable is 18.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solar Integrated Roofing stock overvalued right now?
Solar Integrated Roofing (SIRC) has a current Days Payable of 18.04. The current Days Payable is 18.04 and 66% 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 Solar Integrated Roofing (SIRC), the current Days Payable is 18.04 as of Sep. 2022. 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.

Solar Integrated Roofing Business Description

Address 2831 Saint Rose Parkway, Suite 200, Henderson, NV, USA, 89052
Solar Integrated Roofing Corp is an integrated, single-source solar power, EV (Electric Vehicle) charging, microgrids and roofing systems installation company providing products and services to government, commercial and residential facilities, and properties. The company has segments namely: Solar Residential; Solar Commercial; Roofing Construction; EV Charging; and Supplemental. It derives maximum revenue from Solar Commercial Segment.