SOS (SOS) Days Payable : 58.53 (As of Jun. 2023)

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What is SOS Days Payable?

SOS's average Accounts Payable for the six months ended in Jun. 2023 was $13.4 Mil. SOS's Cost of Goods Sold for the six months ended in Jun. 2023 was $41.7 Mil. Hence, SOS's Days Payable for the six months ended in Jun. 2023 was 58.53.

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

SOS' s Days Payable Range Over the Past 10 Years
Min: 8.18 Med: 12.26 Max: 32.59
Current: 32.59

During the past 9 years, SOS's highest Days Payable was 32.59. The lowest was 8.18. And the median was 12.26.

SOS's Days Payable is ranked worse than
64.32% of 2525 companies
in the Software industry
Industry Median: 50.65 vs SOS: 32.59

SOS's Days Payable increased from Jun. 2022 (51.38) to Jun. 2023 (58.53). It may suggest that SOS delayed paying its suppliers.

SOS Days Payable Historical Data

The historical data trend for SOS'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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SOS Days Payable Chart

SOS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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8.18

16.33

SOS Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial												0.97	9.96	51.38	23.11	58.53

Competitive Comparison of SOS's Days Payable

For the Software - Infrastructure subindustry, SOS'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.

SOS's Days Payable Distribution in the Software Industry

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

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

SOS 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.

SOS's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (11.376	+	12.834)	/	2 )	/	270.597	*	365
=	12.105					/	270.597	*	365
=	16.33

SOS's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (12.834	+	13.923)	/	2 )	/	41.716	*	365 / 2
=	13.3785					/	41.716	*	365 / 2
=	58.53

SOS Days Payable Related Terms

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SOS (SOS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SOS Ltd (NYSE:SOS) » Definitions » Days Payable

Comparable Companies

CISO SKKY VRAR JG VHC CLOQ SDCH MRDB RVYL TGCB MSFT ORCL ADBE PANW SNPS VMW FTNT CRWD PLTR SPLK

Traded in Other Exchanges

2C3:Germany

Address

298 Haijing Road, Yinzhu Street, Building 6, East Seaview Park, West Coast New District, Shandong Province, Qingdao, CHN, 266400

Website

https://www.sosyun.com

SOS Ltd is engaged in the provision of emergency rescue business providing emergency healthcare services, emergency roadside assistance, emergency living assistance, and other rescue services in China. The company's segment includes Insurance marketing; Commodity trading and others. It generates maximum revenue from the Commodity trading segment. Its services are sold to corporate clients and individual members. Its services include SOS medical rescue card, SOS auto rescue card, SOS financial rescue card, SOS life rescue card, SOS cloud call center, and SOS big data management cloud.