Solid Automotive Bhd (XKLS:5242) Days Payable : 33.97 (As of Jan. 2025)

View and export this data going back to 2013. Start your Free Trial

What is Solid Automotive Bhd Days Payable?

Solid Automotive Bhd's average Accounts Payable for the three months ended in Jan. 2025 was RM25.2 Mil. Solid Automotive Bhd's Cost of Goods Sold for the three months ended in Jan. 2025 was RM67.8 Mil. Hence, Solid Automotive Bhd's Days Payable for the three months ended in Jan. 2025 was 33.97.

The historical rank and industry rank for Solid Automotive Bhd's Days Payable or its related term are showing as below:

XKLS:5242' s Days Payable Range Over the Past 10 Years
Min: 27.94 Med: 36.39 Max: 42.96
Current: 35.48

During the past 12 years, Solid Automotive Bhd's highest Days Payable was 42.96. The lowest was 27.94. And the median was 36.39.

XKLS:5242's Days Payable is ranked worse than
80.08% of 1285 companies
in the Vehicles & Parts industry
Industry Median: 65.3 vs XKLS:5242: 35.48

Solid Automotive Bhd's Days Payable declined from Jan. 2024 (39.94) to Jan. 2025 (33.97). It may suggest that Solid Automotive Bhd accelerated paying its suppliers.

Solid Automotive Bhd Days Payable Historical Data

The historical data trend for Solid Automotive Bhd'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.

* Premium members only.

Solid Automotive Bhd Days Payable Chart

Solid Automotive Bhd Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Apr24

Days Payable

Get a 7-Day Free Trial

39.95

33.41

39.28

30.30

27.94

Solid Automotive Bhd Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
Days Payable	Get a 7-Day Free Trial															39.94	36.99	32.86	39.62	33.97

Competitive Comparison of Solid Automotive Bhd's Days Payable

For the Auto Parts subindustry, Solid Automotive Bhd'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.

Solid Automotive Bhd's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Solid Automotive Bhd's Days Payable distribution charts can be found below:

* The bar in red indicates where Solid Automotive Bhd's Days Payable falls into.

Save Embed

;

Save Embed

;

Solid Automotive Bhd 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.

Solid Automotive Bhd's Days Payable for the fiscal year that ended in Apr. 2024 is calculated as

	Days Payable (A: Apr. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Apr. 2023 )	+	Accounts Payable (A: Apr. 2024 ))	/	count )	/	Cost of Goods Sold (A: Apr. 2024 )	*	Days in Period
=	( (18.012	+	21.512)	/	2 )	/	258.141	*	365
=	19.762					/	258.141	*	365
=	27.94

Solid Automotive Bhd's Days Payable for the quarter that ended in Jan. 2025 is calculated as:

	Days Payable (Q: Jan. 2025 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2024 )	+	Accounts Payable (Q: Jan. 2025 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2025 )	*	Days in Period
=	( (28.072	+	22.401)	/	2 )	/	67.8	*	365 / 4
=	25.2365					/	67.8	*	365 / 4
=	33.97

Solid Automotive Bhd Days Payable Related Terms

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

Solid Automotive Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Solid Automotive Bhd (XKLS:5242) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

PLO 436, Jalan Gangsa, Kawasan Perindustrian Pasir Gudang, Pasir Gudang, JHR, MYS, 81700

Website

https://www.solidautomotive.com

Solid Automotive Bhd is engaged in the business of investment holding and the provision of management services. The company's operating segment includes Automotive electrical parts; Automotive engine and mechanical parts and Others. It generates maximum revenue from the Automotive electrical parts segment. Automotive electrical parts segment is involved in the trading and distribution of automotive batteries, lubricants, industrial supplies, electrical parts, and components. Geographically, it derives a majority of revenue from Malaysia and also has a presence in the Middle East and Africa and Other Countries.

Solid Automotive Bhd Headlines

No Headlines