SOEN (Solar Enertech) Days Payable: 178.53 (As of Dec. 2011)


What is Solar Enertech Days Payable?

Solar Enertech SOEN Days Payable is 178.53 as of Dec. 2011.

Solar Enertech's average Accounts Payable for the three months ended in Dec. 2011 was $6.05 Mil. Solar Enertech's Cost of Goods Sold for the three months ended in Dec. 2011 was $3.09 Mil. Hence, Solar Enertech's Days Payable for the three months ended in Dec. 2011 was 178.53.

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

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

Solar Enertech's Days Payable increased from Dec. 2010 (44.33) to Dec. 2011 (178.53). It may suggest that Solar Enertech delayed paying its suppliers.

Solar Enertech Days Payable Historical Data

* Premium members only.

The historical data trend for Solar Enertech'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 Enertech Days Payable Chart

Solar Enertech Annual Data
Trend Sep05 Sep06 Sep07 Sep08 Sep09 Sep10 Sep11
Days Payable
Get a 7-Day Free Trial 158.82 55.75 70.12 38.54 62.32

Solar Enertech Quarterly Data
Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11
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 44.33 54.19 60.01 136.98 178.53

SOEN vs TRWRF, UCLE, VSUL: Days Payable Comparison

For the Solar subindustry, Solar Enertech'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 Enertech Days Payable vs Semiconductors Industry

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

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


Solar Enertech 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 Enertech's Days Payable for the fiscal year that ended in Sep. 2011 is calculated as

Days Payable (A: Sep. 2011 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Sep. 2010 ) + Accounts Payable (A: Sep. 2011 )) / count ) / Cost of Goods Sold (A: Sep. 2011 )*Days in Period
=( (7.895 + 7.035) / 2 ) / 43.72*365
=7.465 / 43.72*365
=62.32

Solar Enertech's Days Payable for the quarter that ended in Dec. 2011 is calculated as:

Days Payable (Q: Dec. 2011 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2011 ) + Accounts Payable (Q: Dec. 2011 )) / count ) / Cost of Goods Sold (Q: Dec. 2011 )*Days in Period
=( (7.035 + 5.06) / 2 ) / 3.091*365 / 4
=6.0475 / 3.091*365 / 4
=178.53

* 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 178.53 mean?
Solar Enertech (SOEN) has a Days Payable of 178.53 as of Dec. 2011. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Solar Enertech and its competitors.
Is Solar Enertech's Days Payable too high?
Solar Enertech's current Days Payable is 178.53. The Semiconductors industry median Days Payable is 53.06. Solar Enertech's value of 178.53 is 236.5% above this industry median.
How does Solar Enertech's Days Payable compare to TRWRF and UCLE?
Solar Enertech's Days Payable of 178.53 can be compared against companies in the Semiconductors industry. The industry median Days Payable is 53.06. Solar Enertech's value of 178.53 is 236.5% above 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 Enertech's current Days Payable of 178.53 is 236.5% above 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 Enertech 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 Enertech's current Days Payable is 178.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solar Enertech stock overvalued right now?
Solar Enertech (SOEN) has a current Days Payable of 178.53. The current Days Payable is 178.53 and 236.5% above 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 Enertech (SOEN), the current Days Payable is 178.53 as of Dec. 2011. 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 Enertech Business Description

Address 655 West Evelyn Avenue, Suite 2, Mountain View, CA, USA, 94041
Solar Enertech Corp currently operates as a photovoltaic solar energy cell manufacturer.