Solar Alliance Energy (TSXV:SOLR) Days Payable : 107.78 (As of Dec. 2023)

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What is Solar Alliance Energy Days Payable?

Solar Alliance Energy's average Accounts Payable for the three months ended in Dec. 2023 was C$3.88 Mil. Solar Alliance Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was C$3.29 Mil. Hence, Solar Alliance Energy's Days Payable for the three months ended in Dec. 2023 was 107.78.

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

TSXV:SOLR' s Days Payable Range Over the Past 10 Years
Min: 178.85 Med: 436.5 Max: 929.49
Current: 207.63

During the past 13 years, Solar Alliance Energy's highest Days Payable was 929.49. The lowest was 178.85. And the median was 436.50.

TSXV:SOLR's Days Payable is ranked better than
95.44% of 965 companies
in the Semiconductors industry
Industry Median: 51.92 vs TSXV:SOLR: 207.63

Solar Alliance Energy's Days Payable declined from Dec. 2022 (348.32) to Dec. 2023 (107.78). It may suggest that Solar Alliance Energy accelerated paying its suppliers.

Solar Alliance Energy Days Payable Historical Data

The historical data trend for Solar Alliance Energy'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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Solar Alliance Energy Days Payable Chart

Solar Alliance Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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907.65

704.74

411.51

191.56

178.85

Solar Alliance Energy 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															348.32	247.85	372.53	388.92	107.78

Competitive Comparison of Solar Alliance Energy's Days Payable

For the Solar subindustry, Solar Alliance Energy'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.

Solar Alliance Energy's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Solar Alliance Energy's Days Payable distribution charts can be found below:

* The bar in red indicates where Solar Alliance Energy's Days Payable falls into.

Solar Alliance Energy 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.

Solar Alliance Energy'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
=	( (2.675	+	3.596)	/	2 )	/	6.399	*	365
=	3.1355					/	6.399	*	365
=	178.85

Solar Alliance Energy'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
=	( (4.164	+	3.596)	/	2 )	/	3.285	*	365 / 4
=	3.88					/	3.285	*	365 / 4
=	107.78

Solar Alliance Energy Days Payable Related Terms

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Solar Alliance Energy (TSXV:SOLR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solar Alliance Energy Inc (TSXV:SOLR) » Definitions » Days Payable

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SAENF:USA

Address

82 Richmond Street East, Toronto, ON, CAN, M5C 1P1

Website

https://www.solaralliance.com

Solar Alliance Energy Inc is an energy solutions provider focused on commercial, industrial, and residential solar installations. Its operating segments are Solar EPC and Solar generation from solar facilities. The company operates in two geographical markets - the United States and Canada. The United States contributes a majority of the total revenue.