SOPV (Solar Park Initiatives) Days Payable: 574.88 (As of Jun. 2011)


What is Solar Park Initiatives Days Payable?

Solar Park Initiatives SOPV -90.00% Days Payable is 574.88 as of Jun. 2011.

Solar Park Initiatives's average Accounts Payable for the three months ended in Jun. 2011 was $0.09 Mil. Solar Park Initiatives's Cost of Goods Sold for the three months ended in Jun. 2011 was $0.02 Mil. Hence, Solar Park Initiatives's Days Payable for the three months ended in Jun. 2011 was 574.88.

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

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

Solar Park Initiatives's Days Payable increased from Jun. 2010 (0.00) to Jun. 2011 (574.88). It may suggest that Solar Park Initiatives delayed paying its suppliers.

Solar Park Initiatives Days Payable Historical Data

* Premium members only.

The historical data trend for Solar Park Initiatives'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 Park Initiatives Days Payable Chart

Solar Park Initiatives Annual Data
Trend Sep08 Sep09 Sep10
Days Payable
0.00 0.00 0.00

Solar Park Initiatives Quarterly Data
Jun08 Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 574.88

SOPV vs ABCE, LIBE, SSOL: Days Payable Comparison

For the Solar subindustry, Solar Park Initiatives'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 Park Initiatives Days Payable vs Semiconductors Industry

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

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


Solar Park Initiatives 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 Park Initiatives's Days Payable for the fiscal year that ended in Sep. 2010 is calculated as

Days Payable (A: Sep. 2010 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Sep. 2009 ) + Accounts Payable (A: Sep. 2010 )) / count ) / Cost of Goods Sold (A: Sep. 2010 )*Days in Period
=( (0 + 0.058) / 1 ) / 0*365
=0.058 / 0*365
=N/A

Solar Park Initiatives's Days Payable for the quarter that ended in Jun. 2011 is calculated as:

Days Payable (Q: Jun. 2011 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2011 ) + Accounts Payable (Q: Jun. 2011 )) / count ) / Cost of Goods Sold (Q: Jun. 2011 )*Days in Period
=( (0.096 + 0.093) / 2 ) / 0.015*365 / 4
=0.0945 / 0.015*365 / 4
=574.88

* 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 574.88 mean?
Solar Park Initiatives (SOPV) has a Days Payable of 574.88 as of Jun. 2011. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Solar Park Initiatives and its competitors.
Is Solar Park Initiatives' Days Payable too high?
Solar Park Initiatives' current Days Payable is 574.88. The Semiconductors industry median Days Payable is 53.06. Solar Park Initiatives' value of 574.88 is 983.5% above this industry median.
How does Solar Park Initiatives' Days Payable compare to ABCE and LIBE?
Solar Park Initiatives' Days Payable of 574.88 can be compared against companies in the Semiconductors industry. The industry median Days Payable is 53.06. Solar Park Initiatives' value of 574.88 is 983.5% 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 997 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 Park Initiatives's current Days Payable of 574.88 is 983.5% 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 Park Initiatives 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 Park Initiatives's current Days Payable is 574.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solar Park Initiatives stock overvalued right now?
Solar Park Initiatives (SOPV) has a current Days Payable of 574.88. The current Days Payable is 574.88 and 983.5% 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 Park Initiatives (SOPV), the current Days Payable is 574.88 as of Jun. 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 Park Initiatives Business Description

Address 2500 Regency Parkway, Suite 200, Cary, NC, USA, 27518
Solar Park Initiatives Inc is a professional services and engineering firm providing renewable energy through photovoltaic and solar thermal technologies.