Synex Renewable Energy (TSX:SXI) Days Payable : 1,609.91 (As of Dec. 2023)

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What is Synex Renewable Energy Days Payable?

Synex Renewable Energy's average Accounts Payable for the three months ended in Dec. 2023 was C$0.74 Mil. Synex Renewable Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.04 Mil. Hence, Synex Renewable Energy's Days Payable for the three months ended in Dec. 2023 was 1,609.91.

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

TSX:SXI' s Days Payable Range Over the Past 10 Years
Min: 462.41 Med: 742.29 Max: 1666.59
Current: 1666.59

During the past 13 years, Synex Renewable Energy's highest Days Payable was 1666.59. The lowest was 462.41. And the median was 742.29.

TSX:SXI's Days Payable is ranked better than
94.3% of 386 companies
in the Utilities - Independent Power Producers industry
Industry Median: 80.13 vs TSX:SXI: 1666.59

Synex Renewable Energy's Days Payable increased from Dec. 2022 (1,387.76) to Dec. 2023 (1,609.91). It may suggest that Synex Renewable Energy delayed paying its suppliers.

Synex Renewable Energy Days Payable Historical Data

The historical data trend for Synex Renewable Energy'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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Synex Renewable Energy Days Payable Chart

Synex Renewable Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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576.66

990.52

742.29

1,174.20

1,578.16

Synex Renewable Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															1,387.76	1,217.62	1,674.44	3,068.78	1,609.91

Competitive Comparison of Synex Renewable Energy's Days Payable

For the Utilities - Renewable subindustry, Synex Renewable Energy'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.

Synex Renewable Energy's Days Payable Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Synex Renewable Energy's Days Payable distribution charts can be found below:

* The bar in red indicates where Synex Renewable Energy's Days Payable falls into.

Synex Renewable Energy 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.

Synex Renewable Energy's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0.619	+	0.73)	/	2 )	/	0.156	*	365
=	0.6745					/	0.156	*	365
=	1,578.16

Synex Renewable Energy's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.817	+	0.665)	/	2 )	/	0.042	*	365 / 4
=	0.741					/	0.042	*	365 / 4
=	1,609.91

Synex Renewable Energy Days Payable Related Terms

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Synex Renewable Energy (TSX:SXI) Business Description

Industry

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V5X:Germany

Address

4248 Broughton Avenue, Niagara Falls, ON, CAN, L2E 0A4

Website

https://www.synex.com

Synex Renewable Energy Corp is engaged in the development, ownership, and operation of electric power facilities and the provision of consulting engineering and environmental services in water resources, particularly hydroelectric facilities. Its projects include Barr Creek Hydro Plant, Mears Creek Hydro Project, Cypress Creek Hydro Project, and Sea Breeze products among others.