SMGI (SMG Industries) Days Payable: 11.49 (As of Sep. 2023)

What is SMG Industries Days Payable?

SMG Industries SMGI 12 Days Payable is 11.49 as of Sep. 2023. GuruFocus rates SMGI with a GF Score™ of 12/100.

SMG Industries's average Accounts Payable for the three months ended in Sep. 2023 was $3.90 Mil. SMG Industries's Cost of Goods Sold for the three months ended in Sep. 2023 was $31.01 Mil. Hence, SMG Industries's Days Payable for the three months ended in Sep. 2023 was 11.49.

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

SMGI's Days Payable is not ranked ^*
in the Oil & Gas industry.
Industry Median: 57.145
* Ranked among companies with meaningful Days Payable only.

SMG Industries's Days Payable declined from Sep. 2022 (17.06) to Sep. 2023 (11.49). It may suggest that SMG Industries accelerated paying its suppliers.

SMG Industries Days Payable Related Terms

SMG Industries Days Payable Historical Data

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The historical data trend for SMG Industries'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.

SMG Industries Days Payable Chart

SMG Industries Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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99.13

300.33

23.00

24.81

21.34

SMG Industries Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															17.06	22.25	19.84	22.58	11.49

SMGI vs SND, PFIE, NINE: Days Payable Comparison

For the Oil & Gas Equipment & Services subindustry, SMG Industries'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.

SMG Industries Days Payable vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, SMG Industries's Days Payable distribution charts can be found below:

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

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SMG Industries Inc SMGI

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SMG Industries 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.

SMG Industries's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (4.053	+	3.58)	/	2 )	/	65.285	*	365
=	3.8165					/	65.285	*	365
=	21.34

SMG Industries's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (4.979	+	2.827)	/	2 )	/	31.007	*	365 / 4
=	3.903					/	31.007	*	365 / 4
=	11.49

Frequently Asked Questions Learn more about Days Payable →

What does a Days Payable of 11.49 mean?

SMG Industries (SMGI) has a Days Payable of 11.49 as of Sep. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on SMG Industries and its competitors.

Is SMG Industries' Days Payable too high?

SMG Industries' current Days Payable is 11.49. The Oil & Gas industry median Days Payable is 57.15. SMG Industries' value of 11.49 is 79.9% below this industry median. Overall, SMG Industries has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.

How does SMG Industries' Days Payable compare to SND and PFIE?

SMG Industries' Days Payable of 11.49 can be compared against companies in the Oil & Gas industry. The industry median Days Payable is 57.15. SMG Industries' value of 11.49 is 79.9% 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 an Oil & Gas company?

The median Days Payable among Oil & Gas companies is 57.15, based on 854 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. SMG Industries's current Days Payable of 11.49 is 79.9% 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 SMG Industries and its competitors. For the Oil & Gas industry, the median Days Payable is 57.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SMG Industries's current Days Payable is 11.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is SMG Industries stock overvalued right now?

SMG Industries (SMGI) has a current Days Payable of 11.49. The current Days Payable is 11.49 and 79.9% below the Oil & Gas industry median of 57.15. SMG Industries' overall GF Score™ is 12/100. 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 SMG Industries (SMGI), the current Days Payable is 11.49 as of Sep. 2023. 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.

SMG Industries Business Description

Industry Energy Oil & Gas

Comparable Companies SND PFIE NINE DTI DWSN FTK NCSM VYEY QSEP SDPI SLB BKR HAL MIL:TEN FTI NOV SHSE:601808 WFRD ASX:WOR CHX

Address State Highway 249, Suite 450, Houston, TX, USA, 77070

Website https://www.SMGIndustries.com

SMG Industries Inc is an oilfield service company that is a growth-oriented midstream, logistics, and oilfield services company that operates throughout the domestic Southwest United States. It offers an expanding suite of products and services across the oilfield market segments of drilling, completion, and production.

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