Solid Group (PHS:SGI) Days Payable : 71.45 (As of Mar. 2024)

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What is Solid Group Days Payable?

Solid Group's average Accounts Payable for the three months ended in Mar. 2024 was ₱315 Mil. Solid Group's Cost of Goods Sold for the three months ended in Mar. 2024 was ₱403 Mil. Hence, Solid Group's Days Payable for the three months ended in Mar. 2024 was 71.45.

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

PHS:SGI' s Days Payable Range Over the Past 10 Years
Min: 18.42 Med: 36.39 Max: 128.64
Current: 62.86

During the past 13 years, Solid Group's highest Days Payable was 128.64. The lowest was 18.42. And the median was 36.39.

PHS:SGI's Days Payable is ranked worse than
55% of 2420 companies
in the Hardware industry
Industry Median: 67.93 vs PHS:SGI: 62.86

Solid Group's Days Payable increased from Mar. 2023 (60.84) to Mar. 2024 (71.45). It may suggest that Solid Group delayed paying its suppliers.

Solid Group Days Payable Historical Data

The historical data trend for Solid Group'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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Solid Group Days Payable Chart

Solid Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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32.31

105.21

117.73

128.64

73.04

Solid Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															60.84	51.82	64.72	63.56	71.45

Competitive Comparison of Solid Group's Days Payable

For the Consumer Electronics subindustry, Solid Group'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 Group's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Solid Group's Days Payable distribution charts can be found below:

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

Solid Group 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 Group's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (290.418	+	365.627)	/	2 )	/	1639.177	*	365
=	328.0225					/	1639.177	*	365
=	73.04

Solid Group's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (365.627	+	265.198)	/	2 )	/	402.807	*	365 / 4
=	315.4125					/	402.807	*	365 / 4
=	71.45

Solid Group Days Payable Related Terms

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Solid Group (PHS:SGI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Solid Group Inc (PHS:SGI) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

2285 Don Chino Roces Avenue Extension, Green Sun, Makati, PHL, 1231

Website

https://www.solidgroup.com.ph

Solid Group Inc operates as an investment holding company. It operates its business in various segments that include Distribution involved in the sale of mobile phones and devices, and the sale of prefabricated modular houses; Property and related services involved in the leasing, development and sale of industrial and other real estate properties and hotel and restaurant operations; Logistics and Technical solutions engaged in the business of sale of professional audio and video equipment, after-sales services, warehousing and distribution; and, Investment and others include investment holding companies, and those included in the business of financing and credit extension.

Solid Group (PHS:SGI) Headlines

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