Spire (SPIR) Days Payable : 171.72 (As of Sep. 2014)

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What is Spire Days Payable?

Spire's average Accounts Payable for the three months ended in Sep. 2014 was $4.55 Mil. Spire's Cost of Goods Sold for the three months ended in Sep. 2014 was $2.42 Mil. Hence, Spire's Days Payable for the three months ended in Sep. 2014 was 171.72.

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

SPIR's Days Payable is not ranked ^*
in the Semiconductors industry.
Industry Median: 51.74
* Ranked among companies with meaningful Days Payable only.

Spire's Days Payable increased from Sep. 2013 (56.35) to Sep. 2014 (171.72). It may suggest that Spire delayed paying its suppliers.

Spire Days Payable Historical Data

The historical data trend for Spire'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.

Spire Days Payable Chart

Spire Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Days Payable

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47.95

51.27

40.34

52.34

56.63

Spire Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Days Payable	Get a 7-Day Free Trial															56.35	60.72	67.94	102.61	171.72

Competitive Comparison of Spire's Days Payable

For the Solar subindustry, Spire'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.

Spire's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Spire's Days Payable distribution charts can be found below:

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

Spire 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.

Spire's Days Payable for the fiscal year that ended in Dec. 2013 is calculated as

	Days Payable (A: Dec. 2013 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2012 )	+	Accounts Payable (A: Dec. 2013 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2013 )	*	Days in Period
=	( (1.424	+	2.323)	/	2 )	/	12.075	*	365
=	1.8735					/	12.075	*	365
=	56.63

Spire's Days Payable for the quarter that ended in Sep. 2014 is calculated as:

	Days Payable (Q: Sep. 2014 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2014 )	+	Accounts Payable (Q: Sep. 2014 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2014 )	*	Days in Period
=	( (4.013	+	5.095)	/	2 )	/	2.42	*	365 / 4
=	4.554					/	2.42	*	365 / 4
=	171.72

Spire Days Payable Related Terms

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

Spire (SPIR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Spire Corp (OTCPK:SPIR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

One Patriots Park, Bedford, MA, USA, 01730-2396

Website

http://www.spirecorp.com

Spire Corp and its subsidiaries develop, manufacture and market engineered products and services. The company operates in two business areas namely capital equipment for the photovoltaic solar industry and biomedical. Its photovoltaic solar area produces, assembles and sells specialized equipment for the production of terrestrial photovoltaic modules from solar cells. The biomedical area provides surface treatments to the manufacturers of orthopedic and other medical devices. Additionally, the company provides training and assistance with module certification and solar factory management services. Further, it offers its products geographically across countries like the United States, Asia, Europe and Africa, and internationally.

Executives

David Gelbaum	10 percent owner, other: Co-Trustee	2309 SANTIAGO DRIVE, NEWPORT BEACH CA 92660
Monica Chavez Gelbaum	10 percent owner, other: Co-Trustee	2309 SANTIAGO DRIVE, NEWPORT BEACH CA 92660
Quercus Trust	10 percent owner	2309 SANTIAGO DRIVE, NEWPORT BEACH CA 92660
Richard Thomley	officer: CAO and Corporate Controller	C/O PRESSURE BIOSCIENCES, INC., 14 NORFOLK AVE., SOUTH EASTON MA 02375
James F Parslow	officer: Chief Financial Officer	C/O XENETIC BIOSCIENCES, INC., 99 HAYDEN AVENUE, SUITE 230, LEXINGTON MA 02421