Speedy AD Sofia (XBUL:SPDY) Days Payable : 64.68 (As of Sep. 2023)

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What is Speedy AD Sofia Days Payable?

Speedy AD Sofia's average Accounts Payable for the three months ended in Sep. 2023 was лв24.6 Mil. Speedy AD Sofia's Cost of Goods Sold for the three months ended in Sep. 2023 was лв34.7 Mil. Hence, Speedy AD Sofia's Days Payable for the three months ended in Sep. 2023 was 64.68.

The historical rank and industry rank for Speedy AD Sofia's Days Payable or its related term are showing as below:

XBUL:SPDY' s Days Payable Range Over the Past 10 Years
Min: 28.59 Med: 65.45 Max: 96.93
Current: 66.64

During the past 12 years, Speedy AD Sofia's highest Days Payable was 96.93. The lowest was 28.59. And the median was 65.45.

XBUL:SPDY's Days Payable is ranked better than
73.3% of 929 companies
in the Transportation industry
Industry Median: 39.02 vs XBUL:SPDY: 66.64

Speedy AD Sofia's Days Payable increased from Sep. 2022 (61.61) to Sep. 2023 (64.68). It may suggest that Speedy AD Sofia delayed paying its suppliers.

Speedy AD Sofia Days Payable Historical Data

The historical data trend for Speedy AD Sofia'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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Speedy AD Sofia Days Payable Chart

Speedy AD Sofia Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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62.00

59.00

59.12

71.21

82.14

Speedy AD Sofia Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															61.61	73.43	71.00	61.97	64.68

Competitive Comparison of Speedy AD Sofia's Days Payable

For the Integrated Freight & Logistics subindustry, Speedy AD Sofia'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.

Speedy AD Sofia's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Speedy AD Sofia's Days Payable distribution charts can be found below:

* The bar in red indicates where Speedy AD Sofia's Days Payable falls into.

Speedy AD Sofia 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.

Speedy AD Sofia's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (24.075	+	30.157)	/	2 )	/	120.487	*	365
=	27.116					/	120.487	*	365
=	82.14

Speedy AD Sofia's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (23.115	+	26.056)	/	2 )	/	34.685	*	365 / 4
=	24.5855					/	34.685	*	365 / 4
=	64.68

Speedy AD Sofia Days Payable Related Terms

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

Speedy AD Sofia (XBUL:SPDY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Speedy AD Sofia (XBUL:SPDY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Abagar Street, Logistic Park, 5th Floor, Administrative building Speedy, Sofia, BGR

Website

http://www.speedy.bg

Speedy AD Sofia is a company engaged in the provisions of courier services. The company offers domestic, international and additional services. Its online services include Trace a shipment, redirect the shipment, MySpeedy, Smart Control, Integration with online stores, Electronic invoices and others.

Speedy AD Sofia (XBUL:SPDY) Headlines

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