SPRQF (SPARQ Systems) Days Payable : 202.18 (As of Sep. 2024)

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What is SPARQ Systems Days Payable?

SPARQ Systems's average Accounts Payable for the three months ended in Sep. 2024 was $0.55 Mil. SPARQ Systems's Cost of Goods Sold for the three months ended in Sep. 2024 was $0.25 Mil. Hence, SPARQ Systems's Days Payable for the three months ended in Sep. 2024 was 202.18.

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

SPRQF' s Days Payable Range Over the Past 10 Years
Min: 75.53 Med: 396.98 Max: 2769.94
Current: 320.4

During the past 6 years, SPARQ Systems's highest Days Payable was 2769.94. The lowest was 75.53. And the median was 396.98.

SPRQF's Days Payable is ranked better than
95.03% of 986 companies
in the Semiconductors industry
Industry Median: 52.42 vs SPRQF: 320.40

SPARQ Systems's Days Payable declined from Sep. 2023 (2,060.99) to Sep. 2024 (202.18). It may suggest that SPARQ Systems accelerated paying its suppliers.

SPARQ Systems Days Payable Historical Data

The historical data trend for SPARQ Systems'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.

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SPARQ Systems Days Payable Chart

SPARQ Systems Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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74.73

389.01

2,779.21

759.09

365.91

SPARQ Systems Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial												2,060.99	117.47	18,875.71	2,801.13	202.18

Competitive Comparison of SPARQ Systems's Days Payable

For the Solar subindustry, SPARQ Systems'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.

SPARQ Systems's Days Payable Distribution in the Semiconductors Industry

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

* The bar in red indicates where SPARQ Systems's Days Payable falls into.

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SPARQ Systems 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.

SPARQ Systems's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0.674	+	1.339)	/	2 )	/	1.004	*	365
=	1.0065					/	1.004	*	365
=	365.91

SPARQ Systems's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0.776	+	0.323)	/	2 )	/	0.248	*	365 / 4
=	0.5495					/	0.248	*	365 / 4
=	202.18

SPARQ Systems Days Payable Related Terms

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SPARQ Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SPARQ Systems Inc (OTCPK:SPRQF) » Definitions » Days Payable

Traded in Other Exchanges

M26:Germany SPRQ:Canada

Address

945 Princess Street, Innovation Park, Box 212, Kingston, ON, CAN, K7L 0E9

Website

https://www.sparqsys.com

SPARQ Systems Inc designs and manufactures next-generation single-phase microinverters for residential and commercial solar electric applications. SPARQ has developed a proprietary photovoltaic (PV) solution called the Quad; the Quad inverter optimizes four PV modules with a single microinverter, simplifying design & installation and lowering the cost for solar power installations when compared to existing market offerings. Its microinverter system can be used in any power grid, conventional or smart, around the globe.