SUM (Summit Materials) Days Payable : 32.24 (As of Sep. 2024)

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What is Summit Materials Days Payable?

Summit Materials's average Accounts Payable for the three months ended in Sep. 2024 was $279 Mil. Summit Materials's Cost of Goods Sold for the three months ended in Sep. 2024 was $788 Mil. Hence, Summit Materials's Days Payable for the three months ended in Sep. 2024 was 32.24.

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

SUM' s Days Payable Range Over the Past 10 Years
Min: 22.31 Med: 25.6 Max: 31.71
Current: 31.71

During the past 13 years, Summit Materials's highest Days Payable was 31.71. The lowest was 22.31. And the median was 25.60.

SUM's Days Payable is ranked worse than
84.75% of 387 companies
in the Building Materials industry
Industry Median: 69.85 vs SUM: 31.71

Summit Materials's Days Payable increased from Sep. 2023 (28.93) to Sep. 2024 (32.24). It may suggest that Summit Materials delayed paying its suppliers.

Summit Materials Days Payable Historical Data

The historical data trend for Summit Materials'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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Summit Materials Days Payable Chart

Summit Materials Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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24.84

25.30

26.18

24.04

22.31

Summit Materials 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															28.93	28.64	30.31	34.86	32.24

Competitive Comparison of Summit Materials's Days Payable

For the Building Materials subindustry, Summit Materials'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.

Summit Materials's Days Payable Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Summit Materials's Days Payable distribution charts can be found below:

* The bar in red indicates where Summit Materials's Days Payable falls into.

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Summit Materials 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.

Summit Materials'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
=	( (104.031	+	123.621)	/	2 )	/	1862.408	*	365
=	113.826					/	1862.408	*	365
=	22.31

Summit Materials'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
=	( (282.091	+	274.957)	/	2 )	/	788.31	*	365 / 4
=	278.524					/	788.31	*	365 / 4
=	32.24

Summit Materials Days Payable Related Terms

Thank you for viewing the detailed overview of Summit Materials's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Summit Materials Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Summit Materials Inc (NYSE:SUM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1801 California Street, Suite 3500, Denver, CO, USA, 80202

Website

https://www.summit-materials.com

Summit Materials Inc is engaged in the production and sale of aggregates, cement, ready-mix concrete, asphalt paving mix and concrete products and owns and operates quarries, sand and gravel pits, two cement plants, cement distribution terminals, ready-mix concrete plants, asphalt plants and landfill sites. It is also engaged in paving and related services. The Company's three operating and reporting segments are the West, East and Cement segments. It operates in 21 U.S. states and in British Columbia, Canada and has assets in 21 U.S. states and in British Columbia, Canada through its platform.

Executives

Christopher Burke Gaskill	officer: See Remarks	C/O SUMMIT MATERIALS, INC., 1550 WYNKOOP STREET, 3RD FLOOR, DENVER CO 08202
Craig Scott Anderson	officer: EVP & Chief Financial Officer	1801 CALIFORNIA STREET, SUITE 3500, DENVER CO 80202
Kekin Ghelani	officer: Chief Strategy&Growth Officer	1550 WYNKOOP, DENVER CO 80202
Anne K. Wade	director	C/O SUMMIT MATERIALS, INC., 1550 WYNKOOP STREET, 3RD FLOOR, DENVER CO 80202
John Raymond Murphy	director	233 S PATTERSON AVE, SPRINGFIELD MO 65802
Anne P Noonan	director, officer: President & CEO	25435 HARVARD RD, BEACHWOOD OH 44122
Tamla Oates-forney	director	800 CAPITOL STREET 3000, HOUSTON TX 77002
Deon Macmillan	officer: See Remarks	C/O SUMMIT MATERIALS, INC., 1550 WYNKOOP STREET, 3RD FLOOR, DENVER CO 08202
Karli S. Anderson	officer: See Remarks	1660 WYNKOOP STREET, SUITE 1000, DENVER CO 80202
Howard L Lance	director	C/O SUMMIT MATERIALS, INC., 1550 WYNKOOP STREET, 3RD FLOOR, DENVER CO 80202
Joseph S Cantie	director	C/O DELPHI AUTOMOTIVE, 5725 DELPHI DRIVE, TROY MI 48098
Anne Lee Benedict	officer: See Remarks	C/O SUMMIT MATERIALS, INC., 1550 WYNKOOP STREET, 3RD FLOOR, DENVER CO 80202
Brian James Harris	officer: EVP & Chief Financial Officer	C/O SUMMIT MATERIALS, INC., 1550 WYNKOOP STREET, 3RD FLOOR, DENVER CO 80202
Mikel Shane Evans	officer: See Remarks	C/O SUMMIT MATERIALS, INC., 1550 WYNKOOP STREET, 3RD FLOOR, DENVER CO 80202
Longleaf Partners Funds Trust	10 percent owner	C/O SOUTHEASTERN ASSET MANAGEMENT, 6410 POPLAR AVE, SUITE 900, MEMPHIS TN 38119