SolarMax Technology (SolarMax Technology) Days Payable : 39.75 (As of Mar. 2024)

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What is SolarMax Technology Days Payable?

SolarMax Technology's average Accounts Payable for the three months ended in Mar. 2024 was $2.71 Mil. SolarMax Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was $6.23 Mil. Hence, SolarMax Technology's Days Payable for the three months ended in Mar. 2024 was 39.75.

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

SMXT' s Days Payable Range Over the Past 10 Years
Min: 23.84 Med: 83.81 Max: 151.37
Current: 27.61

During the past 7 years, SolarMax Technology's highest Days Payable was 151.37. The lowest was 23.84. And the median was 83.81.

SMXT's Days Payable is ranked worse than
79.36% of 964 companies
in the Semiconductors industry
Industry Median: 51.78 vs SMXT: 27.61

SolarMax Technology's Days Payable increased from Mar. 2023 (17.60) to Mar. 2024 (39.75). It may suggest that SolarMax Technology delayed paying its suppliers.

SolarMax Technology Days Payable Historical Data

The historical data trend for SolarMax Technology'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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SolarMax Technology Days Payable Chart

SolarMax Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec20

Dec21

Dec22

Dec23

Days Payable

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97.43

83.81

151.37

30.46

23.84

SolarMax Technology Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															17.60	24.58	40.69	33.06	39.75

Competitive Comparison of SolarMax Technology's Days Payable

For the Solar subindustry, SolarMax Technology'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.

SolarMax Technology's Days Payable Distribution in the Semiconductors Industry

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

* The bar in red indicates where SolarMax Technology's Days Payable falls into.

SolarMax Technology 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.

SolarMax Technology'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
=	( (2.231	+	3.384)	/	2 )	/	42.99	*	365
=	2.8075					/	42.99	*	365
=	23.84

SolarMax Technology's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (3.384	+	2.042)	/	2 )	/	6.228	*	365 / 4
=	2.713					/	6.228	*	365 / 4
=	39.75

SolarMax Technology Days Payable Related Terms

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SolarMax Technology (SolarMax Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SolarMax Technology Inc (NAS:SMXT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

6W1:Germany

Address

3080 12th Street, Riverside, CA, USA, 92507

Website

http://www.solarmaxtech.com

SolarMax Technology Inc is an integrated solar and renewable energy company. It operates in two segments namely the United States and China. The United States business includes the sale and installation of photovoltaic and battery backup systems. China operations consist of operating and maintaining solar farm projects and identifying and procuring solar farm projects for resale to third parties. Some of its products are LG Solar Panels, QCELL Solar Panels, Panasonic Solar Panels, and others. The company generates a majority of its revenue from the Solar energy systems.

SolarMax Technology (SolarMax Technology) Headlines

From GuruFocus

SolarMax Technology, Inc. Announces Pricing of Initial Public Offering and listing on Nasdaq

By PRNewswire • 02-27-2024