Smith Douglas Homes (Smith Douglas Homes) Days Payable : 8.52 (As of Dec. 2023)

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What is Smith Douglas Homes Days Payable?

Smith Douglas Homes's average Accounts Payable for the six months ended in Dec. 2023 was $14.0 Mil. Smith Douglas Homes's Cost of Goods Sold for the six months ended in Dec. 2023 was $299.9 Mil. Hence, Smith Douglas Homes's Days Payable for the six months ended in Dec. 2023 was 8.52.

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

SDHC' s Days Payable Range Over the Past 10 Years
Min: 6.77 Med: 8.13 Max: 9.4
Current: 8.64

During the past 3 years, Smith Douglas Homes's highest Days Payable was 9.40. The lowest was 6.77. And the median was 8.13.

SDHC's Days Payable is ranked worse than
94.14% of 1571 companies
in the Real Estate industry
Industry Median: 99.76 vs SDHC: 8.64

Smith Douglas Homes's Days Payable increased from Dec. 2022 (6.60) to Dec. 2023 (8.52). It may suggest that Smith Douglas Homes delayed paying its suppliers.

Smith Douglas Homes Days Payable Historical Data

The historical data trend for Smith Douglas Homes'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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Smith Douglas Homes Days Payable Chart

Smith Douglas Homes Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

8.13

6.77

9.40

Smith Douglas Homes Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	-	7.00	6.60	7.94	8.52

Competitive Comparison of Smith Douglas Homes's Days Payable

For the Real Estate - Development subindustry, Smith Douglas Homes'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.

Smith Douglas Homes's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Smith Douglas Homes's Days Payable distribution charts can be found below:

* The bar in red indicates where Smith Douglas Homes's Days Payable falls into.

Smith Douglas Homes 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.

Smith Douglas Homes'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
=	( (10.935	+	17.318)	/	2 )	/	548.304	*	365
=	14.1265					/	548.304	*	365
=	9.40

Smith Douglas Homes'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (10.688	+	17.318)	/	2 )	/	299.869	*	365 / 2
=	14.003					/	299.869	*	365 / 2
=	8.52

Smith Douglas Homes Days Payable Related Terms

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Smith Douglas Homes (Smith Douglas Homes) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Smith Douglas Homes Corp (NYSE:SDHC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

110 Village Trail, Suite 215, Woodstock, GA, USA, 30188

Website

https://www.smithdouglas.com

Smith Douglas Homes Corp is a company engaged in the design, construction, and sale of single-family homes in some of the highest growth and most desirable markets in the Southeastern United States. The company has organized into five geographical segments so their reportable segments include Atlanta, Raleigh, Charlotte, Nashville, and Alabama which consists of both Birmingham and Huntsville.

Smith Douglas Homes (Smith Douglas Homes) Headlines

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