Qev NV (FRA:7IO) Days Payable : 192.64 (As of Dec. 2022)

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What is Qev NV Days Payable?

Qev NV's average Accounts Payable for the six months ended in Dec. 2022 was €0.13 Mil. Qev NV's Cost of Goods Sold for the six months ended in Dec. 2022 was €0.13 Mil. Hence, Qev NV's Days Payable for the six months ended in Dec. 2022 was 192.64.

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

FRA:7IO's Days Payable is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 66.92
* Ranked among companies with meaningful Days Payable only.

Qev NV's Days Payable declined from Dec. 2021 (3,650.00) to Dec. 2022 (192.64). It may suggest that Qev NV accelerated paying its suppliers.

Qev NV Days Payable Historical Data

The historical data trend for Qev NV'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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Qev NV Days Payable Chart

Qev NV Annual Data

Trend

Dec21

Dec22

Days Payable

1,564.29

738.03

Qev NV Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22
Days Payable	-	3,650.00	599.75	192.64

Competitive Comparison of Qev NV's Days Payable

For the Auto Manufacturers subindustry, Qev NV'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.

Qev NV's Days Payable Distribution in the Vehicles & Parts Industry

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

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

Qev NV 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.

Qev NV's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.78	+	0.231)	/	2 )	/	0.25	*	365
=	0.5055					/	0.25	*	365
=	738.03

Qev NV's Days Payable for the quarter that ended in Dec. 2022 is calculated as:

	Days Payable (Q: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2022 )	+	Accounts Payable (Q: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
=	( (0.035	+	0.231)	/	2 )	/	0.126	*	365 / 2
=	0.133					/	0.126	*	365 / 2
=	192.64

Qev NV Days Payable Related Terms

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Qev NV (FRA:7IO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Qev NV (FRA:7IO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

QEV:Netherlands

Address

Carrer del Rec Molinar, 11, Montmelo, Barcelona, ESP, 08160

Website

https://www.qevtech.com

Qev NV designs, develops, manufactures, and sells electric light commercial vehicles and electric buses, as well as offering aftersales and maintenance services, and has further business lines related to electric motorsport. It sells its electric vans, trucks and buses primarily to businesses and public transport companies seeking to establish or grow their electric fleets, and is focused on serving the urban mobility and last-mile delivery markets. Under the ZEROID brand, QEV Technologies offers a zero-emission fleet that includes multiple electric van models, delivery trucks, and electric and hydrogen platforms for buses.

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