Shimmick (Shimmick) Days Payable : 57.22 (As of Dec. 2023)

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What is Shimmick Days Payable?

Shimmick's average Accounts Payable for the three months ended in Dec. 2023 was $86.8 Mil. Shimmick's Cost of Goods Sold for the three months ended in Dec. 2023 was $138.5 Mil. Hence, Shimmick's Days Payable for the three months ended in Dec. 2023 was 57.22.

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

SHIM' s Days Payable Range Over the Past 10 Years
Min: 29.55 Med: 35.51 Max: 97.74
Current: 97.74

During the past 3 years, Shimmick's highest Days Payable was 97.74. The lowest was 29.55. And the median was 35.51.

SHIM's Days Payable is ranked better than
62.51% of 1603 companies
in the Construction industry
Industry Median: 74.1 vs SHIM: 97.74

Shimmick's Days Payable increased from Sep. 2022 (0.00) to Dec. 2023 (57.22). It may suggest that Shimmick delayed paying its suppliers.

Shimmick Days Payable Historical Data

The historical data trend for Shimmick'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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Shimmick Days Payable Chart

Shimmick Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

29.55

35.51

44.59

Shimmick Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial			-	34.01	-	48.63	57.22

Competitive Comparison of Shimmick's Days Payable

For the Engineering & Construction subindustry, Shimmick'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.

Shimmick's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Shimmick's Days Payable distribution charts can be found below:

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

Shimmick 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.

Shimmick'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
=	( (67.541	+	81.589)	/	2 )	/	610.434	*	365
=	74.565					/	610.434	*	365
=	44.59

Shimmick'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
=	( (92.063	+	81.589)	/	2 )	/	138.467	*	365 / 4
=	86.826					/	138.467	*	365 / 4
=	57.22

Shimmick Days Payable Related Terms

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Shimmick (Shimmick) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shimmick Corp (NAS:SHIM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

530 Technology Drive, Suite 300, Irvine, CA, USA, 92618

Website

https://www.shimmick.com

Shimmick Corp is a leading provider of water and other critical infrastructure solutions nationwide. It selectively focuses on the following types of infrastructure projects: Water Treatment, Water Resources, and Other Critical Infrastructure. In water treatment projects the company expands, rehabilitates, upgrades, builds and rebuilds water and wastewater treatment infrastructure, including desalination plants. In water resources projects company builds, expands, and improves water storage and conveyance, dams, levees, flood control systems, pump stations, and coastal protection. In Other Critical Infrastructure projects, It builds, retrofits, expands, rehabilitates, operates, and maintains its nation's critical infrastructure, including mass transit, bridges, and military infrastructure.

Shimmick (Shimmick) Headlines

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