SYNE (Synthesis Energy Systems) Days Payable: 5,644.46 (As of Dec. 2019)

What is Synthesis Energy Systems Days Payable?

Synthesis Energy Systems SYNE -99.00% 12 Days Payable is 5,644.46 as of Dec. 2019. GuruFocus rates SYNE with a GF Score™ of 12/100.

Synthesis Energy Systems's average Accounts Payable for the three months ended in Dec. 2019 was $0.87 Mil. Synthesis Energy Systems's Cost of Goods Sold for the three months ended in Dec. 2019 was $0.01 Mil. Hence, Synthesis Energy Systems's Days Payable for the three months ended in Dec. 2019 was 5,644.46.

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

SYNE's Days Payable is not ranked ^*
in the Oil & Gas industry.
Industry Median: 57.145
* Ranked among companies with meaningful Days Payable only.

Synthesis Energy Systems's Days Payable increased from Dec. 2018 (0.00) to Dec. 2019 (5,644.46). It may suggest that Synthesis Energy Systems delayed paying its suppliers.

Synthesis Energy Systems Days Payable Related Terms

Synthesis Energy Systems Days Payable Historical Data

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The historical data trend for Synthesis Energy 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.

Synthesis Energy Systems Days Payable Chart

Synthesis Energy Systems Annual Data

Trend

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Days Payable

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0.00

481.83

894.95

385.68

459.79

Synthesis Energy Systems Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Days Payable	Get a 7-Day Free Trial															0.00	0.00	60.57	3,123.56	5,644.46

SYNE vs SMGI, ALYE, FLSS: Days Payable Comparison

For the Oil & Gas Equipment & Services subindustry, Synthesis Energy 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.

Synthesis Energy Systems Days Payable vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Synthesis Energy Systems's Days Payable distribution charts can be found below:

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

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Synthesis Energy Systems Inc SYNE

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Synthesis Energy 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.

Synthesis Energy Systems's Days Payable for the fiscal year that ended in Jun. 2019 is calculated as

	Days Payable (A: Jun. 2019 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2018 )	+	Accounts Payable (A: Jun. 2019 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2019 )	*	Days in Period
=	( (0.496	+	0.154)	/	2 )	/	0.258	*	365
=	0.325					/	0.258	*	365
=	459.79

Synthesis Energy Systems's Days Payable for the quarter that ended in Dec. 2019 is calculated as:

	Days Payable (Q: Dec. 2019 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2019 )	+	Accounts Payable (Q: Dec. 2019 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2019 )	*	Days in Period
=	( (0.736	+	0.996)	/	2 )	/	0.014	*	365 / 4
=	0.866					/	0.014	*	365 / 4
=	5,644.46

Frequently Asked Questions Learn more about Days Payable →

What does a Days Payable of 5,644.46 mean?

Synthesis Energy Systems (SYNE) has a Days Payable of 5,644.46 as of Dec. 2019. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Synthesis Energy Systems and its competitors.

Is Synthesis Energy Systems' Days Payable too high?

Synthesis Energy Systems' current Days Payable is 5,644.46. The Oil & Gas industry median Days Payable is 57.15. Synthesis Energy Systems' value of 5,644.46 is 9777.4% above this industry median. Overall, Synthesis Energy Systems has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.

How does Synthesis Energy Systems' Days Payable compare to SMGI and ALYE?

Synthesis Energy Systems' Days Payable of 5,644.46 can be compared against companies in the Oil & Gas industry. The industry median Days Payable is 57.15. Synthesis Energy Systems' value of 5,644.46 is 9777.4% 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 an Oil & Gas company?

The median Days Payable among Oil & Gas companies is 57.15, based on 854 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. Synthesis Energy Systems's current Days Payable of 5,644.46 is 9777.4% 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 Synthesis Energy Systems and its competitors. For the Oil & Gas industry, the median Days Payable is 57.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Synthesis Energy Systems's current Days Payable is 5,644.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Synthesis Energy Systems stock overvalued right now?

Synthesis Energy Systems (SYNE) has a current Days Payable of 5,644.46. The current Days Payable is 5,644.46 and 9777.4% above the Oil & Gas industry median of 57.15. Synthesis Energy Systems' overall GF Score™ is 12/100. 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 Synthesis Energy Systems (SYNE), the current Days Payable is 5,644.46 as of Dec. 2019. 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.

Synthesis Energy Systems Business Description

Industry Energy Oil & Gas

Comparable Companies SMGI ALYE FLSS CRRTQ HOSSQ BANM MARPS DPDW AGTX SAEX SLB BKR HAL SHSE:601808 MIL:TEN XAMS:VPK NOV XKLS:7277 SZSE:002353 SHSE:600968

Address One Riverway, Suite 1700, Houston, TX, USA, 77056

Website http://www.synthesisenergy.com

Synthesis Energy Systems Inc is a US-based clean energy company that develops, builds and owns clean energy projects. The company provides proprietary gasification technology systems and solutions to the energy and chemical industries. Its gasification technology is a flexible, efficient and economic technology used for the production of synthesis gas or syngas which is a mixture of hydrogen, carbon monoxide and methane. Business activities of the company include supplying its proprietary gasification technology, equipment, and services into projects where these lower cost feedstocks can be profitably converted into clean syngas, which can then be used to produce a variety of high-value energy and chemical products.

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