Superior Drilling Products (Superior Drilling Products) Days Payable : 89.09 (As of Dec. 2023)

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What is Superior Drilling Products Days Payable?

Superior Drilling Products's average Accounts Payable for the three months ended in Dec. 2023 was $2.23 Mil. Superior Drilling Products's Cost of Goods Sold for the three months ended in Dec. 2023 was $2.28 Mil. Hence, Superior Drilling Products's Days Payable for the three months ended in Dec. 2023 was 89.09.

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

SDPI' s Days Payable Range Over the Past 10 Years
Min: 23.83 Med: 33.57 Max: 73.38
Current: 73.38

During the past 12 years, Superior Drilling Products's highest Days Payable was 73.38. The lowest was 23.83. And the median was 33.57.

SDPI's Days Payable is ranked better than
56.38% of 901 companies
in the Oil & Gas industry
Industry Median: 59.19 vs SDPI: 73.38

Superior Drilling Products's Days Payable increased from Dec. 2022 (41.41) to Dec. 2023 (89.09). It may suggest that Superior Drilling Products delayed paying its suppliers.

Superior Drilling Products Days Payable Historical Data

The historical data trend for Superior Drilling Products'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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Superior Drilling Products Days Payable Chart

Superior Drilling Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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26.19

31.68

37.08

40.51

49.52

Superior Drilling Products 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															41.41	48.19	79.16	104.15	89.09

Competitive Comparison of Superior Drilling Products's Days Payable

For the Oil & Gas Equipment & Services subindustry, Superior Drilling Products'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.

Superior Drilling Products's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Superior Drilling Products's Days Payable distribution charts can be found below:

* The bar in red indicates where Superior Drilling Products's Days Payable falls into.

Superior Drilling Products 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.

Superior Drilling Products'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
=	( (1.044	+	1.548)	/	2 )	/	9.553	*	365
=	1.296					/	9.553	*	365
=	49.52

Superior Drilling Products'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
=	( (2.91	+	1.548)	/	2 )	/	2.283	*	365 / 4
=	2.229					/	2.283	*	365 / 4
=	89.09

Superior Drilling Products Days Payable Related Terms

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Superior Drilling Products (Superior Drilling Products) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Superior Drilling Products Inc (AMEX:SDPI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SDW:Germany

Address

1583 South 1700 East, Vernal, UT, USA, 84078

Website

https://www.sdpi.com

Superior Drilling Products Inc is engaged in providing equipment and services to the oil and gas industry. It specialises in the design and manufacture of drilling tool technologies including the patented Drill-N-Ream wellbore conditioning tool and the patented Strider oscillation system technology. In addition, SDP is a manufacturer and refurbisher of PDC (polycrystalline diamond compact) drill bits for an oilfield services company. The company operates in North America and other international regions, of which key revenue is derived from North America.

Executives

Star Equity Fund, Lp	10 percent owner	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Star Equity Fund Gp, Llc	10 percent owner	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Star Investment Management Llc	10 percent owner	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Star Value, Llc	10 percent owner	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Star Equity Holdings, Inc.	10 percent owner	53 FOREST AVE, SUITE 101, OLD GREENWICH CT 06870
Christopher Cashion	officer: Chief Financial Officer	1583 S. 1700 E., VERNAL UT 84078
Robert Iverson	director	4928 FM 1374 ROAD, HUNTSVILLE TX 77340
Annette Meier	director, 10 percent owner, officer: See Remarks	1583 S. 1700 E., VERNAL UT 84078
G. Troy Meier	director, 10 percent owner, officer: See Remarks	1583 S. 1700 E., VERNAL UT 84078
Lone Star Value Management Llc	10 percent owner	53 FOREST AVENUE, 1ST FLOOR, OLD GREENWICH CT 06870
James R Lines	director	11 HILLSIDE PARKWY, LANCSTER NY 14068
Jeffrey E. Eberwein	10 percent owner	53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Lone Star Value Co-invest I, Lp	other: See Footnote 1	53 FOREST AVENUE, 1ST FLOOR, OLD GREENWICH CT 06870
Lone Star Value Investors Gp Llc	10 percent owner	53 FOREST AVENUE, 1ST FLOOR, OLD GREENWICH CT 06870
Lone Star Value Investors Lp	10 percent owner	53 FOREST AVENUE, 1ST FLOOR, OLD GREENWICH CT 06870