Gogoro (Gogoro) Days Payable : 43.93 (As of Dec. 2023)

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What is Gogoro Days Payable?

Gogoro's average Accounts Payable for the three months ended in Dec. 2023 was $39.0 Mil. Gogoro's Cost of Goods Sold for the three months ended in Dec. 2023 was $80.9 Mil. Hence, Gogoro's Days Payable for the three months ended in Dec. 2023 was 43.93.

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

GGR' s Days Payable Range Over the Past 10 Years
Min: 46.4 Med: 51.05 Max: 69.17
Current: 48.4

During the past 5 years, Gogoro's highest Days Payable was 69.17. The lowest was 46.40. And the median was 51.05.

GGR's Days Payable is ranked worse than
66.01% of 1265 companies
in the Vehicles & Parts industry
Industry Median: 65.48 vs GGR: 48.40

Gogoro's Days Payable declined from Dec. 2022 (45.84) to Dec. 2023 (43.93). It may suggest that Gogoro accelerated paying its suppliers.

Gogoro Days Payable Historical Data

The historical data trend for Gogoro'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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Gogoro Days Payable Chart

Gogoro Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

69.17

61.03

49.38

51.05

46.40

Gogoro Quarterly Data
	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial										45.84	51.20	50.72	50.37	43.93

Competitive Comparison of Gogoro's Days Payable

For the Auto Manufacturers subindustry, Gogoro'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.

Gogoro's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Gogoro's Days Payable distribution charts can be found below:

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

Gogoro 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.

Gogoro'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
=	( (38.055	+	37.935)	/	2 )	/	298.907	*	365
=	37.995					/	298.907	*	365
=	46.40

Gogoro'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
=	( (39.992	+	37.935)	/	2 )	/	80.935	*	365 / 4
=	38.9635					/	80.935	*	365 / 4
=	43.93

Gogoro Days Payable Related Terms

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Gogoro (Gogoro) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Gogoro Inc (NAS:GGR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 225, Section 2, Chang’an E. Road, 11th Floor, Building C, SongShan District, Taipei, TWN, 105

Website

https://www.gogoro.com

Gogoro Inc is focused on eliminating the barriers to electric fuel adoption to bring swappable electric power within reach of every urban rider. Its battery swapping technology compromises an interoperable platform that seamlessly integrates a comprehensive ecosystem of hardware, software, and services, which consists of Gogoro Smart Batteries, GoStations, Gogoro Network Software & Battery Management Systems, Smartscooter, and related components and kits. Geographical presence in Taiwan and Other countries, majority of its revenue comes from Tiwan.