Symbotic (Symbotic) Days Payable : 30.72 (As of Mar. 2024)

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What is Symbotic Days Payable?

Symbotic's average Accounts Payable for the three months ended in Mar. 2024 was $128 Mil. Symbotic's Cost of Goods Sold for the three months ended in Mar. 2024 was $380 Mil. Hence, Symbotic's Days Payable for the three months ended in Mar. 2024 was 30.72.

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

SYM' s Days Payable Range Over the Past 10 Years
Min: 19.6 Med: 29.33 Max: 35.66
Current: 30.36

During the past 5 years, Symbotic's highest Days Payable was 35.66. The lowest was 19.60. And the median was 29.33.

SYM's Days Payable is ranked worse than
88.2% of 2932 companies
in the Industrial Products industry
Industry Median: 76.415 vs SYM: 30.36

Symbotic's Days Payable increased from Mar. 2023 (30.35) to Mar. 2024 (30.72). It may suggest that Symbotic delayed paying its suppliers.

Symbotic Days Payable Historical Data

The historical data trend for Symbotic'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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Symbotic Days Payable Chart

Symbotic Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

19.60

25.68

35.66

32.98

Symbotic Quarterly Data
	Sep19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial											30.35	28.64	25.24	33.03	30.72

Competitive Comparison of Symbotic's Days Payable

For the Specialty Industrial Machinery subindustry, Symbotic'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.

Symbotic's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Symbotic's Days Payable distribution charts can be found below:

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

Symbotic 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.

Symbotic's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (68.448	+	109.918)	/	2 )	/	987.152	*	365
=	89.183					/	987.152	*	365
=	32.98

Symbotic'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
=	( (106.088	+	149.829)	/	2 )	/	380.139	*	365 / 4
=	127.9585					/	380.139	*	365 / 4
=	30.72

Symbotic Days Payable Related Terms

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Symbotic (Symbotic) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Symbotic Inc (NAS:SYM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SYM:Mexico

Address

200 Research Drive, Wilmington, MA, USA, 01887

Website

https://www.symbotic.com

Symbotic Inc is an automation technology company that develops technologies to improve operating efficiencies in modern warehouses. The group develops, commercializes, and deploys innovative, end-to-end technology solutions that dramatically improve supply chain operations. Symbotic also automates the processing of pallets and cases in large warehouses or distribution centers for some of the retail and wholesale companies in the world. The company operates in two geographical regions the United States and Canada. Key revenue is generated from the United States.

Executives

Michael David Dunn	officer: See Remarks	C/O SYMBOTIC INC., 200 RESEARCH DRIVE, WILMINGTON MA 01887
Todd Krasnow	director	C/O CARBONITE, INC., 177 HUNTINGTON AVENUE, BOSTON MA 02115
Boyd William M Iii	officer: Chief Strategy Officer	C/O SYMBOTIC INC., 200 RESEARCH DRIVE, WILMINGTON MA 01887
Rollin L. Ford	director	702 S.W. 8TH STREET, MAIL STOP # 0215, BENTONVILLE AR 72716-0215
Charles Kane	director	289 TURNPIKE RD, WESTBORO MA 01581
David A Ladensohn	10 percent owner	C/O SYMBOTIC INC., 200 RESEARCH DRIVE, WILMINGTON MA 01887
Ernst Thomas C Jr	officer: Chief Financial Officer	2201 LAKESIDE BLVD., RICHARDSON TX 75082
Richard B Cohen	director, 10 percent owner, officer: See Remarks	C/O SYMBOTIC INC., 200 RESEARCH DRIVE, WILMINGTON MA 01887
Janet L Cohen	10 percent owner	C/O SYMBOTIC INC., 200 RESEARCH DRIVE, WILMINGTON MA 01887
Sunlight Investment Corp.	10 percent owner	300 EL CAMINO REAL, MENLO PARK CA 94025
Svf Ii Strategic Investments Aiv Llc	10 percent owner	300 EL CAMINO REAL, MENLO PARK CA 94025
Svf Ii Spac Investment 3 (de) Llc	10 percent owner	1 CIRCLE STAR WAY, SAN CARLOS CA 94070
Softbank Group Corp	10 percent owner	1-7-1 KAIGAN, MINATO-KU, TOKYO M0 105-7537
Northstar Gp Sb	10 percent owner	69 GROSVENOR STREET, LONDON X0 W1K 3JP
Sb Management Ltd	10 percent owner	9TH FLOOR, AL SILA TOWER, ADGM SQUARE, AL MARYAH ISLAND, ABU DHABI C0 NA