SOSO (Storage Computer) Days Payable: 302.92 (As of Sep. 2004)


What is Storage Computer Days Payable?

Storage Computer SOSO -90.00% Days Payable is 302.92 as of Sep. 2004.

Storage Computer's average Accounts Payable for the three months ended in Sep. 2004 was $0.52 Mil. Storage Computer's Cost of Goods Sold for the three months ended in Sep. 2004 was $0.16 Mil. Hence, Storage Computer's Days Payable for the three months ended in Sep. 2004 was 302.92.

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

SOSO's Days Payable is not ranked *
in the Hardware industry.
Industry Median: 69.935
* Ranked among companies with meaningful Days Payable only.

Storage Computer's Days Payable increased from Sep. 2003 (106.16) to Sep. 2004 (302.92). It may suggest that Storage Computer delayed paying its suppliers.

Storage Computer Days Payable Historical Data

* Premium members only.

The historical data trend for Storage Computer'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.

Storage Computer Days Payable Chart

Storage Computer Annual Data
Trend Dec94 Dec95 Dec96 Dec97 Dec98 Dec99 Dec00 Dec01 Dec02 Dec03
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 80.25 34.69 39.44 29.85 84.61

Storage Computer Quarterly Data
Dec99 Mar00 Jun00 Sep00 Dec00 Mar01 Jun01 Sep01 Dec01 Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03 Mar04 Jun04 Sep04
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 106.16 65.39 243.55 263.09 302.92

SOSO vs CRDS, MSDI, GLA: Days Payable Comparison

For the Computer Hardware subindustry, Storage Computer'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.

Storage Computer Days Payable vs Hardware Industry

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

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


Storage Computer 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.

Storage Computer's Days Payable for the fiscal year that ended in Dec. 2003 is calculated as

Days Payable (A: Dec. 2003 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2002 ) + Accounts Payable (A: Dec. 2003 )) / count ) / Cost of Goods Sold (A: Dec. 2003 )*Days in Period
=( (0.473 + 0.565) / 2 ) / 2.239*365
=0.519 / 2.239*365
=84.61

Storage Computer's Days Payable for the quarter that ended in Sep. 2004 is calculated as:

Days Payable (Q: Sep. 2004 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2004 ) + Accounts Payable (Q: Sep. 2004 )) / count ) / Cost of Goods Sold (Q: Sep. 2004 )*Days in Period
=( (0.505 + 0.544) / 2 ) / 0.158*365 / 4
=0.5245 / 0.158*365 / 4
=302.92

* 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 302.92 mean?
Storage Computer (SOSO) has a Days Payable of 302.92 as of Sep. 2004. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Storage Computer and its competitors.
Is Storage Computer's Days Payable too high?
Storage Computer's current Days Payable is 302.92. The Hardware industry median Days Payable is 69.94. Storage Computer's value of 302.92 is 333.1% above this industry median.
How does Storage Computer's Days Payable compare to CRDS and MSDI?
Storage Computer's Days Payable of 302.92 can be compared against companies in the Hardware industry. The industry median Days Payable is 69.94. Storage Computer's value of 302.92 is 333.1% 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 Hardware company?
The median Days Payable among Hardware companies is 69.94, based on 2,438 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. Storage Computer's current Days Payable of 302.92 is 333.1% 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 Storage Computer and its competitors. For the Hardware industry, the median Days Payable is 69.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Storage Computer's current Days Payable is 302.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Storage Computer stock overvalued right now?
Storage Computer (SOSO) has a current Days Payable of 302.92. The current Days Payable is 302.92 and 333.1% above the Hardware industry median of 69.94. 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 Storage Computer (SOSO), the current Days Payable is 302.92 as of Sep. 2004. 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.

Storage Computer Business Description

Address 11 Riverside Drive, Nashua, NH, USA, 03062-1373
Storage Computer Corp designs and manufactures disk-storage subsystems and solid-state disks for enterprise-wide computer storage systems.