Sinergon Holding AD (XBUL:SNRG) Days Payable : 10.17 (As of Jun. 2023)

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What is Sinergon Holding AD Days Payable?

Sinergon Holding AD's average Accounts Payable for the three months ended in Jun. 2023 was лв42.7 Mil. Sinergon Holding AD's Cost of Goods Sold for the three months ended in Jun. 2023 was лв382.7 Mil. Hence, Sinergon Holding AD's Days Payable for the three months ended in Jun. 2023 was 10.17.

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

XBUL:SNRG' s Days Payable Range Over the Past 10 Years
Min: 14.5 Med: 21.03 Max: 160.45
Current: 43.44

During the past 13 years, Sinergon Holding AD's highest Days Payable was 160.45. The lowest was 14.50. And the median was 21.03.

XBUL:SNRG's Days Payable is ranked worse than
65.52% of 467 companies
in the Asset Management industry
Industry Median: 69.6 vs XBUL:SNRG: 43.44

Sinergon Holding AD's Days Payable declined from Dec. 2021 (16.77) to Jun. 2023 (10.17). It may suggest that Sinergon Holding AD accelerated paying its suppliers.

Sinergon Holding AD Days Payable Historical Data

The historical data trend for Sinergon Holding AD'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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Sinergon Holding AD Days Payable Chart

Sinergon Holding AD Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Days Payable

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21.12

21.42

21.04

21.02

14.50

Sinergon Holding AD Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Mar23	Jun23
Days Payable	Get a 7-Day Free Trial															16.77	319.64	11.48	400.03	10.17

Competitive Comparison of Sinergon Holding AD's Days Payable

For the Asset Management subindustry, Sinergon Holding AD'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.

Sinergon Holding AD's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Sinergon Holding AD's Days Payable distribution charts can be found below:

* The bar in red indicates where Sinergon Holding AD's Days Payable falls into.

Sinergon Holding AD 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.

Sinergon Holding AD's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as

	Days Payable (A: Dec. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2020 )	+	Accounts Payable (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (14.714	+	28.167)	/	2 )	/	539.665	*	365
=	21.4405					/	539.665	*	365
=	14.50

Sinergon Holding AD'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: Mar. 2023 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (31.66	+	53.681)	/	2 )	/	382.742	*	365 / 4
=	42.6705					/	382.742	*	365 / 4
=	10.17

Sinergon Holding AD Days Payable Related Terms

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Sinergon Holding AD (XBUL:SNRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Sinergon Holding AD (XBUL:SNRG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Solunska Street, Sofia, BGR, 1000

Website

http://www.synergon.bg

Sinergon Holding AD is engaged in acquisition, management, valuation and sales of stake, patents and bonds in Bulgaria and internationally. The company is also engaged in providing tourist services, hotel and restaurant services.