Cyngn (CYN) Days Payable : 196.64 (As of Dec. 2023)

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What is Cyngn Days Payable?

Cyngn's average Accounts Payable for the three months ended in Dec. 2023 was $0.22 Mil. Cyngn's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.10 Mil. Hence, Cyngn's Days Payable for the three months ended in Dec. 2023 was 196.64.

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

CYN' s Days Payable Range Over the Past 10 Years
Min: 52.72 Med: 157.14 Max: 261.55
Current: 79.81

During the past 5 years, Cyngn's highest Days Payable was 261.55. The lowest was 52.72. And the median was 157.14.

CYN's Days Payable is ranked better than
62.77% of 2522 companies
in the Software industry
Industry Median: 50.7 vs CYN: 79.81

Cyngn's Days Payable increased from Dec. 2022 (111.01) to Dec. 2023 (196.64). It may suggest that Cyngn delayed paying its suppliers.

Cyngn Days Payable Historical Data

The historical data trend for Cyngn'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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Cyngn Days Payable Chart

Cyngn Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

261.55

52.72

Cyngn Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial											111.01	44.37	73.81	585.52	196.64

Competitive Comparison of Cyngn's Days Payable

For the Software - Application subindustry, Cyngn'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.

Cyngn's Days Payable Distribution in the Software Industry

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

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

Cyngn 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.

Cyngn'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
=	( (0.156	+	0.197)	/	2 )	/	1.222	*	365
=	0.1765					/	1.222	*	365
=	52.72

Cyngn'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
=	( (0.234	+	0.197)	/	2 )	/	0.1	*	365 / 4
=	0.2155					/	0.1	*	365 / 4
=	196.64

Cyngn Days Payable Related Terms

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Cyngn (CYN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cyngn Inc (NAS:CYN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1015 O’Brien Drive, Menlo Park, CA, USA, 94025

Website

https://www.cyngn.com

Cyngn Inc an industrial autonomous vehicle technology company. Its flagship innovation is DriveMod, an autonomous driving solution that can be flexibly deployed on multiple vehicle types in various environments.

Executives

Karen M Macleod	director	C/O TRACK GROUP, INC., 200 E 5TH AVENUE STE 100, NAPERVILLE IL 60563
Redpoint Associates Iv, Llc	10 percent owner	3000 SAND HILL ROAD, BUILDING 2, SUITE 290, MENLO PARK CA 94025
Andreessen Horowitz Fund Iii-q, L.p.	10 percent owner	2865 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Andreessen Horowitz Fund Iii, L.p.	10 percent owner	2865 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Andreessen Horowitz Fund Iii-b, L.p.	10 percent owner	2865 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Andreessen Horowitz Fund Iii-a, L.p.	10 percent owner	2865 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Ah Equity Partners Iii, L.l.c.	10 percent owner	2865 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Redpoint Ventures Iv, Llc	10 percent owner	3000 SAND HILL ROAD, BUILDING 2, SUITE 290, MENLO PARK CA 94025
Redpoint Ventures Iv, L.p.	10 percent owner	3000 SAND HILL ROAD, BUILDING 2, SUITE 290, MENLO PARK CA 94025
Benchmark Capital Partners Vii, L.p.	10 percent owner	2480 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025
Benchmark Founders' Fund Vii, L.p.	10 percent owner	2480 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025
Benchmark Founders' Fund Vii-b, L.p.	10 percent owner	2480 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025
James Mcdonnell	director	6001 36TH AVE WEST, EVERETT WA 98203-1264
Donald Alvarez	officer: Chief Financial Officer	1015 O'BRIEN DRIVE, MENLO PARK CA 94025
Cunningham Colleen	director	1015 O'BRIEN DRIVE, MENLO PARK CA 94025