Lightning eMotors (FRA:9LK) Days Payable : 13.17 (As of Sep. 2023)

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What is Lightning eMotors Days Payable?

Lightning eMotors's average Accounts Payable for the three months ended in Sep. 2023 was €6.18 Mil. Lightning eMotors's Cost of Goods Sold for the three months ended in Sep. 2023 was €42.82 Mil. Hence, Lightning eMotors's Days Payable for the three months ended in Sep. 2023 was 13.17.

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

FRA:9LK' s Days Payable Range Over the Past 10 Years
Min: 37.17 Med: 66.11 Max: 99.76
Current: 37.17

During the past 4 years, Lightning eMotors's highest Days Payable was 99.76. The lowest was 37.17. And the median was 66.11.

FRA:9LK's Days Payable is ranked worse than
88.78% of 205 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 71.96 vs FRA:9LK: 37.17

Lightning eMotors's Days Payable declined from Sep. 2022 (59.08) to Sep. 2023 (13.17). It may suggest that Lightning eMotors accelerated paying its suppliers.

Lightning eMotors Days Payable Historical Data

The historical data trend for Lightning eMotors'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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Lightning eMotors Days Payable Chart

Lightning eMotors Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Days Payable

99.73

63.62

58.55

68.50

Lightning eMotors Quarterly Data
	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial										59.08	105.20	74.30	54.84	13.17

Competitive Comparison of Lightning eMotors's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Lightning eMotors'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.

Lightning eMotors's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Lightning eMotors's Days Payable distribution charts can be found below:

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

Lightning eMotors 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.

Lightning eMotors'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
=	( (5.329	+	7.515)	/	2 )	/	34.221	*	365
=	6.422					/	34.221	*	365
=	68.50

Lightning eMotors's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (9.465	+	2.896)	/	2 )	/	42.815	*	365 / 4
=	6.1805					/	42.815	*	365 / 4
=	13.17

Lightning eMotors Days Payable Related Terms

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Lightning eMotors (FRA:9LK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Lightning eMotors Inc (FRA:9LK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ZEVY:USA

Address

815 14th Street South West, Suite A100, Loveland, CO, USA, 80537

Website

https://www.lightningemotors.com

Lightning eMotors Inc is engaged in designing and manufacturing zero-emission commercial trucks and buses and charging infrastructure solutions for fleets, large enterprises, original equipment manufacturers, and governments. Its product offerings range from cargo vans, transit and shuttle buses, school buses, specialty work trucks, ambulances, and electric powertrains for school buses, transit buses, and motor coaches. Its product solutions help its customers reduce their greenhouse gas emissions, lower operating costs and improve energy efficiency.

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