Soltec Power Holdings (XMAD:SOL) Days Payable : 244.88 (As of Jun. 2023)

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What is Soltec Power Holdings Days Payable?

Soltec Power Holdings's average Accounts Payable for the six months ended in Jun. 2023 was €145.8 Mil. Soltec Power Holdings's Cost of Goods Sold for the six months ended in Jun. 2023 was €108.7 Mil. Hence, Soltec Power Holdings's Days Payable for the six months ended in Jun. 2023 was 244.88.

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

XMAD:SOL' s Days Payable Range Over the Past 10 Years
Min: 125.99 Med: 143.28 Max: 184.72
Current: 184.72

During the past 4 years, Soltec Power Holdings's highest Days Payable was 184.72. The lowest was 125.99. And the median was 143.28.

XMAD:SOL's Days Payable is ranked better than
90.36% of 965 companies
in the Semiconductors industry
Industry Median: 51.92 vs XMAD:SOL: 184.72

Soltec Power Holdings's Days Payable increased from Jun. 2022 (192.96) to Jun. 2023 (244.88). It may suggest that Soltec Power Holdings delayed paying its suppliers.

Soltec Power Holdings Days Payable Historical Data

The historical data trend for Soltec Power Holdings'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.

* Premium members only.

Soltec Power Holdings Days Payable Chart

Soltec Power Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Days Payable

125.99

126.28

160.28

175.13

Soltec Power Holdings Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial			145.17	133.97	192.96	153.19	244.88

Competitive Comparison of Soltec Power Holdings's Days Payable

For the Solar subindustry, Soltec Power Holdings'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.

Soltec Power Holdings's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Soltec Power Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Soltec Power Holdings's Days Payable falls into.

Soltec Power Holdings 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.

Soltec Power Holdings'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
=	( (159.621	+	155.91)	/	2 )	/	328.802	*	365
=	157.7655					/	328.802	*	365
=	175.13

Soltec Power Holdings'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
=	( (155.91	+	135.698)	/	2 )	/	108.664	*	365 / 2
=	145.804					/	108.664	*	365 / 2
=	244.88

Soltec Power Holdings Days Payable Related Terms

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Soltec Power Holdings (XMAD:SOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Soltec Power Holdings SA (XMAD:SOL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

0AC5:UK 5PZ:Germany

Address

Gabriel Campillo Street, Poligono Industrial la Serreta s/n, Molina de Segura, Murcia, ESP, 30500

Website

http://www.soltecpowerholdings.com

Soltec Power Holdings SA is specialized in providing integrated solutions in solar PV energy. The company designs, manufactures and installs solar tracking systems and develops solar power projects. Its business is divided into industrial (trackers and construction services) business line, which is also referred to as Soltec Industrial, and project development business line, which is also referred to as Powertis. It offers a portfolio of solar trackers, including the SF8 and SF7 single-axis trackers, the SF8 and SF7 bi-facial trackers and the SF7 Tandem.