Nxu (NXU) Days Payable : 16,239.46 (As of Dec. 2023)

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What is Nxu Days Payable?

Nxu's average Accounts Payable for the three months ended in Dec. 2023 was $2.67 Mil. Nxu's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.02 Mil. Hence, Nxu's Days Payable for the three months ended in Dec. 2023 was 16,239.46.

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

NXU' s Days Payable Range Over the Past 10 Years
Min: 703.47 Med: 713.68 Max: 713.68
Current: 703.47

During the past 3 years, Nxu's highest Days Payable was 713.68. The lowest was 703.47. And the median was 713.68.

NXU's Days Payable is ranked better than
98.87% of 2927 companies
in the Industrial Products industry
Industry Median: 76.28 vs NXU: 703.47

Nxu's Days Payable increased from Dec. 2022 (0.00) to Dec. 2023 (16,239.46). It may suggest that Nxu delayed paying its suppliers.

Nxu Days Payable Historical Data

The historical data trend for Nxu'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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Nxu Days Payable Chart

Nxu Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

713.68

Nxu Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial				-	-	-	202.88	16,239.46

Competitive Comparison of Nxu's Days Payable

For the Electrical Equipment & Parts subindustry, Nxu'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.

Nxu's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Nxu's Days Payable distribution charts can be found below:

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

Nxu 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.

Nxu'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
=	( (1.523	+	2.501)	/	2 )	/	1.029	*	365
=	2.012					/	1.029	*	365
=	713.68

Nxu'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
=	( (2.838	+	2.501)	/	2 )	/	0.015	*	365 / 4
=	2.6695					/	0.015	*	365 / 4
=	16,239.46

Nxu Days Payable Related Terms

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Nxu (NXU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nxu Inc (NAS:NXU) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1828 N Higley Road, Suite 116, Mesa, AZ, USA, 85205

Website

https://www.nxuenergy.com

Nxu Inc is engaged in Research & development, and manufacturing of Scalable battery packs. The company is making 15-minute charge times possible for the most demanding equipment and vehicle applications. It has Increased energy density, packaging efficiency, and superior thermodynamics making Qcells the solution to today's electrification problem. The company's Products include Qcell, Qube, and Qube Plus.

Executives

Gem Global Yield Llc Scs	10 percent owner	12C, RUE GUILLAUME J. KROLL, LUXEMBOURG N4 L-1882
Jessica Billingsley	director	AKERNA CORP., 1601 ARAPAHOE ST., DENVER CO 80202
Britt E Ide	director	345 BOBWHITE COURT, SUITE 200, BOISE ID 83706
Caryn M. Nightengale	director	C/O ATLIS, INC., 1828 N. HIGLEY RD. SUITE #116, MESA AZ 85205
Annie Pratt	director, 10 percent owner, officer: President	C/O ATLIS, INC., 1828 N. HIGLEY RD. SUITE #116, MESA AZ 85205
Apoorv Dwivedi	officer: Chief Financial Officer	C/O ATLIS, INC., 1828 N. HIGLEY RD. SUITE #116, MESA AZ 85205
Mark Hanchett	director, 10 percent owner, officer: Chief Executive Officer	C/O ATLIS, INC., 1828 N. HIGLEY RD. SUITE #116, MESA AZ 85205
Kate Sieker	officer: VP of People	C/O ATLIS, INC., 1828 N. HIGLEY RD. SUITE #116, MESA AZ 85205
Bourgeois Benoit Le	officer: VP of User Experience	C/O ATLIS, INC., 1828 N. HIGLEY RD. SUITE #116, MESA AZ 85205
Charles David Apps	officer: VP of Operations	C/O ATLIS, INC., 1828 N. HIGLEY RD. SUITE #116, MESA AZ 85205