REE Automotive (REE Automotive) Days Payable : 545.90 (As of Dec. 2023)

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What is REE Automotive Days Payable?

REE Automotive's average Accounts Payable for the three months ended in Dec. 2023 was $5.46 Mil. REE Automotive's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.91 Mil. Hence, REE Automotive's Days Payable for the three months ended in Dec. 2023 was 545.90.

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

REE' s Days Payable Range Over the Past 10 Years
Min: 547.22 Med: 780.7 Max: 3573.26
Current: 859.33

During the past 5 years, REE Automotive's highest Days Payable was 3573.26. The lowest was 547.22. And the median was 780.70.

REE's Days Payable is ranked better than
98.65% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.67 vs REE: 859.33

REE Automotive's Days Payable increased from Sep. 2022 (0.00) to Dec. 2023 (545.90). It may suggest that REE Automotive delayed paying its suppliers.

REE Automotive Days Payable Historical Data

The historical data trend for REE Automotive'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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REE Automotive Days Payable Chart

REE Automotive Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

547.22

1,010.26

3,573.26

551.13

REE Automotive Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial										-	-	-	388.46	545.90

Competitive Comparison of REE Automotive's Days Payable

For the Recreational Vehicles subindustry, REE Automotive'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.

REE Automotive's Days Payable Distribution in the Vehicles & Parts Industry

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

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

REE Automotive 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.

REE Automotive'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
=	( (6.172	+	3.703)	/	2 )	/	3.27	*	365
=	4.9375					/	3.27	*	365
=	551.13

REE Automotive'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
=	( (7.221	+	3.703)	/	2 )	/	0.913	*	365 / 4
=	5.462					/	0.913	*	365 / 4
=	545.90

REE Automotive Days Payable Related Terms

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REE Automotive (REE Automotive) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » REE Automotive Ltd (NAS:REE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kibbutz Glil-Yam, Herzliya, ISR, 4690500

Website

https://www.ree.auto

REE Automotive Ltd is a technology company whose mission is to be the cornerstone for zero-emission electric and autonomous vehicles. Company aims to empower the companies, such as original equipment manufacturers, or OEMs, delivery and logistics fleets, dealers, e-commerce retailers, new mobility players, Mobility-as-a-Service providers and autonomous drive companies, in the build-out of any size or shape of electric or autonomous vehicle - from Class 1 through Class 6, focusing primarily on Class 3 through 5 platform models on the P7 EV platform. Geographical preference in Israel, Germany, Norway, U.S, and Rest of the world.

Executives

David Weisburd	other: Member of Sponsor	1 WORLD TRADE CENTER, FLOOR 85, NEW YORK NY 10007
Hans Thomas	director	1 WORLD TRADE CENTER, FLOOR 85, NEW YORK NY 10007