Energy Vault Holdings (Energy Vault Holdings) Days Payable : 16.70 (As of Dec. 2023)

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What is Energy Vault Holdings Days Payable?

Energy Vault Holdings's average Accounts Payable for the three months ended in Dec. 2023 was $20.9 Mil. Energy Vault Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $114.2 Mil. Hence, Energy Vault Holdings's Days Payable for the three months ended in Dec. 2023 was 16.70.

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

NRGV' s Days Payable Range Over the Past 10 Years
Min: 26.62 Med: 88.6 Max: 131.31
Current: 26.62

During the past 5 years, Energy Vault Holdings's highest Days Payable was 131.31. The lowest was 26.62. And the median was 88.60.

NRGV's Days Payable is ranked worse than
82.17% of 387 companies
in the Utilities - Independent Power Producers industry
Industry Median: 81.57 vs NRGV: 26.62

Energy Vault Holdings's Days Payable declined from Dec. 2022 (34.12) to Dec. 2023 (16.70). It may suggest that Energy Vault Holdings accelerated paying its suppliers.

Energy Vault Holdings Days Payable Historical Data

The historical data trend for Energy Vault Holdings'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.

* Premium members only.

Energy Vault Holdings Days Payable Chart

Energy Vault Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

131.31

45.89

Energy Vault Holdings Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial										34.12	348.37	20.43	7.80	16.70

Competitive Comparison of Energy Vault Holdings's Days Payable

For the Utilities - Renewable subindustry, Energy Vault Holdings'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.

Energy Vault Holdings's Days Payable Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Energy Vault Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Energy Vault Holdings's Days Payable falls into.

Energy Vault Holdings 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.

Energy Vault Holdings'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
=	( (60.315	+	21.165)	/	2 )	/	324.012	*	365
=	40.74					/	324.012	*	365
=	45.89

Energy Vault Holdings'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
=	( (20.651	+	21.165)	/	2 )	/	114.219	*	365 / 4
=	20.908					/	114.219	*	365 / 4
=	16.70

Energy Vault Holdings Days Payable Related Terms

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Energy Vault Holdings (Energy Vault Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Energy Vault Holdings Inc (NYSE:NRGV) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

8610:Germany 8610:Germany

Address

4360 Park Terrace Drive, Suite 100, Westlake Village, CA, USA, 91361

Website

https://www.energyvault.com

Energy Vault Holdings Inc is a grid-scale energy storage company that is driving a faster transition to renewable power by solving the intermittence issues that are inherent to the most prevalent sources of renewable energy, solar and wind. Geographical presence in United States, China and Other. Majority of its revenue comes from U.S.

Executives

Akshay Ladwa	officer: Chief Engineering Officer	C/O ENERGY VAULT, INC., 4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
Marco Terruzzin	officer: Chief Product Officer	4360 PARK TERRACE, SUITE 100, WESTLAKE VILLAGE CA 91361
Van Gaalen Jan Kees	officer: Chief Financial Officer	10205 WESTHEIMER, SUITE 1000, HOUSTON TX 77042
Christopher Wiese	officer: Chief Operating Officer	4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
Goncagul Icoren	officer: Chief People Officer	4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
Josh Mcmorrow	officer: Chief Legal Officer	4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
Laurence Alexander	officer: Chief Marketing Officer	C/O ROK ENTERTAINMENT GROUP ROK HOUSE, HOLYHEAD ROAD, ALBRIGHTON, WOLVERHAMPTON X0 WV7 3AU
Robert Piconi	director, officer: Chief Executive Officer	C/O HEALTHCARE AI ACQUISITION, 7 STANLEY GARDENS, LONDON X0 W112ND
Andrea Pedretti	officer: Chief Technology Officer	4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
Theresa M Fariello	director	C/O ENERGY VAULT, INC., 4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361
William Gross	director	C/O BILL GROSS' IDEALAB, 130 W UNION STREET, PASADENA CA 91103
David W Hitchcock	officer: Interim CFO	67 WHIPPANY ROAD, WHIPPANY NJ 07981
Thomas R Ertel	director	C/O BLACKBAUD, INC., 2000 DANIEL ISLAND DRIVE, CHARLESTON SC 29492
Idealab Studio, Llc	10 percent owner	130 W. UNION STREET, PASADENA CA 91103
John G Jung	officer: President of EVS	4360 PARK TERRACE DRIVE, SUITE 100, WESTLAKE VILLAGE CA 91361