Solar AS (STU:ZVR) Days Payable : 79.58 (As of Sep. 2024)

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What is Solar AS Days Payable?

Solar AS's average Accounts Payable for the three months ended in Sep. 2024 was €265 Mil. Solar AS's Cost of Goods Sold for the three months ended in Sep. 2024 was €304 Mil. Hence, Solar AS's Days Payable for the three months ended in Sep. 2024 was 79.58.

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

STU:ZVR' s Days Payable Range Over the Past 10 Years
Min: 65.03 Med: 71.43 Max: 76.93
Current: 71.95

During the past 13 years, Solar AS's highest Days Payable was 76.93. The lowest was 65.03. And the median was 71.43.

STU:ZVR's Days Payable is ranked better than
52.55% of 2409 companies
in the Hardware industry
Industry Median: 68.75 vs STU:ZVR: 71.95

Solar AS's Days Payable increased from Sep. 2023 (74.48) to Sep. 2024 (79.58). It may suggest that Solar AS delayed paying its suppliers.

Solar AS Days Payable Historical Data

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

Solar AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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72.39

70.50

72.20

68.77

66.41

Solar AS Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															74.48	67.63	68.96	73.01	79.58

Competitive Comparison of Solar AS's Days Payable

For the Electronics & Computer Distribution subindustry, Solar AS'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 AS's Days Payable Distribution in the Hardware Industry

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

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

Solar AS 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 AS'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
=	( (255.662	+	237.474)	/	2 )	/	1355.214	*	365
=	246.568					/	1355.214	*	365
=	66.41

Solar AS'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
=	( (279.493	+	250.799)	/	2 )	/	304.043	*	365 / 4
=	265.146					/	304.043	*	365 / 4
=	79.58

Solar AS Days Payable Related Terms

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Solar AS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Solar AS (STU:ZVR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

0G33:UK SOLAR B:Denmark

Address

Industrivej Vest 43, Vejen, DNK, 6600

Website

https://www.solar.eu

Solar AS is an sourcing and services company mainly within electrical, heating & plumbing and climate & energy solutions. Its core business centres on product sourcing, value-adding services and optimisation of customer's businesses. It has three business segment; Installation, Industry and Trade. Installation covers installation of electrical, and heating and plumbing products, while industry covers industry, offshore and marine, and utility and infrastructure, trade covers other small areas. Key revenue is generated from Installation segment.

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