Vision Marine Technologies (Vision Marine Technologies) Days Payable : 323.97 (As of Feb. 2024)

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What is Vision Marine Technologies Days Payable?

Vision Marine Technologies's average Accounts Payable for the three months ended in Feb. 2024 was $1.34 Mil. Vision Marine Technologies's Cost of Goods Sold for the three months ended in Feb. 2024 was $0.38 Mil. Hence, Vision Marine Technologies's Days Payable for the three months ended in Feb. 2024 was 323.97.

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

VMAR' s Days Payable Range Over the Past 10 Years
Min: 58.92 Med: 94.55 Max: 222.71
Current: 181.37

During the past 6 years, Vision Marine Technologies's highest Days Payable was 222.71. The lowest was 58.92. And the median was 94.55.

VMAR's Days Payable is ranked better than
89.09% of 1265 companies
in the Vehicles & Parts industry
Industry Median: 65.67 vs VMAR: 181.37

Vision Marine Technologies's Days Payable increased from Feb. 2023 (212.13) to Feb. 2024 (323.97). It may suggest that Vision Marine Technologies delayed paying its suppliers.

Vision Marine Technologies Days Payable Historical Data

The historical data trend for Vision Marine Technologies'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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Vision Marine Technologies Days Payable Chart

Vision Marine Technologies Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Days Payable

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94.92

94.18

107.26

58.92

83.18

Vision Marine Technologies Quarterly Data
	Aug18	Feb19	Aug19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															212.13	145.38	105.81	285.36	323.97

Competitive Comparison of Vision Marine Technologies's Days Payable

For the Recreational Vehicles subindustry, Vision Marine Technologies'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.

Vision Marine Technologies's Days Payable Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Vision Marine Technologies's Days Payable falls into.

Vision Marine Technologies 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.

Vision Marine Technologies's Days Payable for the fiscal year that ended in Aug. 2023 is calculated as

	Days Payable (A: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2022 )	+	Accounts Payable (A: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2023 )	*	Days in Period
=	( (0.571	+	0.821)	/	2 )	/	3.054	*	365
=	0.696					/	3.054	*	365
=	83.18

Vision Marine Technologies's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (1.687	+	0.99)	/	2 )	/	0.377	*	365 / 4
=	1.3385					/	0.377	*	365 / 4
=	323.97

Vision Marine Technologies Days Payable Related Terms

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Vision Marine Technologies (Vision Marine Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Vision Marine Technologies Inc (NAS:VMAR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

730 Boulevard du Cure-Boivin, Boisbriand, Montreal, QC, CAN, J7G 2A7

Website

https://www.visionmarinetechnologies.com

Vision Marine Technologies Inc is in the business of designing and manufacturing electric outboard powertrain systems, power boats, and related technology and the renting of electric boats. The different models of the powerboats and electric boats manufactured by the company includes, Bruce 22, Fantail 217, Volt 180 and others. The company operates in two reportable business segments; Sale of electric boats and Rental of electric boats. The majority of the revenue for the company is generated from its Rental of electric boats segment. Geographically, the company generates revenue from its business in Canada, USA and other countries. A substantial portion of the overall revenue is generated from its business in USA.