Primoris Services (FRA:1PM) Days Payable : 38.27 (As of Dec. 2023)

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What is Primoris Services Days Payable?

Primoris Services's average Accounts Payable for the three months ended in Dec. 2023 was €523 Mil. Primoris Services's Cost of Goods Sold for the three months ended in Dec. 2023 was €1,246 Mil. Hence, Primoris Services's Days Payable for the three months ended in Dec. 2023 was 38.27.

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

FRA:1PM' s Days Payable Range Over the Past 10 Years
Min: 25.26 Med: 28.96 Max: 41.42
Current: 38.99

During the past 13 years, Primoris Services's highest Days Payable was 41.42. The lowest was 25.26. And the median was 28.96.

FRA:1PM's Days Payable is ranked worse than
80.92% of 1604 companies
in the Construction industry
Industry Median: 74.12 vs FRA:1PM: 38.99

Primoris Services's Days Payable declined from Dec. 2022 (40.58) to Dec. 2023 (38.27). It may suggest that Primoris Services accelerated paying its suppliers.

Primoris Services Days Payable Historical Data

The historical data trend for Primoris Services'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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Primoris Services Days Payable Chart

Primoris Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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31.52

29.48

29.73

36.43

41.98

Primoris Services 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															40.58	43.45	39.28	33.85	38.27

Competitive Comparison of Primoris Services's Days Payable

For the Engineering & Construction subindustry, Primoris Services'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.

Primoris Services's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Primoris Services's Days Payable distribution charts can be found below:

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

Primoris Services 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.

Primoris Services'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
=	( (504.998	+	576.758)	/	2 )	/	4702.209	*	365
=	540.878					/	4702.209	*	365
=	41.98

Primoris Services'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
=	( (468.587	+	576.758)	/	2 )	/	1246.156	*	365 / 4
=	522.6725					/	1246.156	*	365 / 4
=	38.27

Primoris Services Days Payable Related Terms

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Primoris Services (FRA:1PM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Primoris Services Corp (FRA:1PM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PRIM:USA 1PM:Germany

Address

2300 N. Field Street, Suite 1900, Dallas, TX, USA, 75201

Website

https://www.primoriscorp.com

Primoris Services Corp is a specialty contractor and infrastructure company in the United States. It has three operating segments. The Utility segment specializes in a range of services, including the installation and maintenance of new and existing natural gas distribution systems, electric utility distribution and transmission systems, and communications systems. The pipeline segment constructs and maintains pipelines for the petroleum and petrochemical industries. The Energy/Renewables segment includes engineering, procurement, construction, retrofits, highway and bridge construction, demolition, and other services. The Energy/Renewables segment earns the majority of the revenue. Primoris earns most of its revenue in the U.S.

Primoris Services (FRA:1PM) Headlines

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