Sunnova Energy International (Sunnova Energy International) Days Payable : 322.41 (As of Mar. 2024)

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What is Sunnova Energy International Days Payable?

Sunnova Energy International's average Accounts Payable for the three months ended in Mar. 2024 was $365.3 Mil. Sunnova Energy International's Cost of Goods Sold for the three months ended in Mar. 2024 was $103.4 Mil. Hence, Sunnova Energy International's Days Payable for the three months ended in Mar. 2024 was 322.41.

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

NOVA' s Days Payable Range Over the Past 10 Years
Min: 95.51 Med: 213.08 Max: 318.63
Current: 200.82

During the past 7 years, Sunnova Energy International's highest Days Payable was 318.63. The lowest was 95.51. And the median was 213.08.

NOVA's Days Payable is ranked better than
91.48% of 963 companies
in the Semiconductors industry
Industry Median: 51.76 vs NOVA: 200.82

Sunnova Energy International's Days Payable increased from Mar. 2023 (110.21) to Mar. 2024 (322.41). It may suggest that Sunnova Energy International delayed paying its suppliers.

Sunnova Energy International Days Payable Historical Data

The historical data trend for Sunnova Energy International'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.

* Premium members only.

Sunnova Energy International Days Payable Chart

Sunnova Energy International Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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216.57

213.08

176.25

95.51

201.47

Sunnova Energy International Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															110.21	135.62	131.79	201.49	322.41

Competitive Comparison of Sunnova Energy International's Days Payable

For the Solar subindustry, Sunnova Energy International'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.

Sunnova Energy International's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Sunnova Energy International's Days Payable distribution charts can be found below:

* The bar in red indicates where Sunnova Energy International's Days Payable falls into.

Sunnova Energy International 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.

Sunnova Energy International'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
=	( (116.136	+	355.791)	/	2 )	/	427.497	*	365
=	235.9635					/	427.497	*	365
=	201.47

Sunnova Energy International's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (355.791	+	374.861)	/	2 )	/	103.396	*	365 / 4
=	365.326					/	103.396	*	365 / 4
=	322.41

Sunnova Energy International Days Payable Related Terms

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Sunnova Energy International (Sunnova Energy International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Sunnova Energy International Inc (NYSE:NOVA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

7SE:Germany 7SE:Germany

Address

20 East Greenway Plaza, Suite 540, Houston, TX, USA, 77046

Website

https://www.sunnova.com

Sunnova Energy International Inc is a residential solar and energy storage service provider company. It offers services such as operations and maintenance, monitoring, repairs and replacements, equipment upgrades and onsite power optimization. The products and services offered by the group include Add-on battery storage, Home solar protection plans, New solar battery storage, and various other solar systems.

Executives

William J Berger	director, officer: See Remarks	20 EAST GREENWAY PLAZA, SUITE 475, HOUSTON TX 77046
Akbar Mohamed	director	20 EAST GREENWAY PLAZA, SUITE 475, HOUSTON TX 77046
Anne S Andrew	director	20 EAST GREENWAY PLAZA, SUITE 475, HOUSTON TX 77046
Nora Mead Brownell	director	C/O COMVERGE, INC., 120 EAGLE ROCK AVENUE, SUITE 190, EAST HANOVER NJ 07936
Mary Yang	director	7035 RIDGE RD, HANOVER MD 21076
Lynch Jack O. Iii	officer: See Remarks	601 W. RIVERSIDE AVENUE, SUITE 1100, SPOKANE WA 99201
Santo Salvo John T	officer: See Remarks	20 EAST GREENWAY PLAZA, SUITE 475, HOUSTON TX 77046
Kris W Hillstrand	officer: See Remarks	20 EAST GREENWAY PLAZA, SUITE 475, HOUSTON TX 77046
Chris Hayden	officer: See Remarks	20 EAST GREENWAY PLAZA, SUITE 540, HOUSTON TX 77046
Kelsey Hultberg	officer: See Remarks	20 EAST GREENWAY PLAZA, SUITE 540, HOUSTON TX 77046
Michael P Grasso	director	20 EAST GREENWAY PLAZA, SUITE 475, HOUSTON TX 77046
Robert Lawrence Lane	officer: See Remarks	12140 WICKCHESTER LANE, SUITE 100, HOUSTON TX 77079
Meghan Nutting	officer: See Remarks	20 EAST GREENWAY PLAZA, SUITE 475, HOUSTON TX 77046
David Searle	officer: See Remarks.	20 EAST GREENWAY PLAZA, SUITE 540, HOUSTON TX 77046
Paul S Mathews	officer: See Remarks	20 EAST GREENWAY PLAZA, SUITE 540, HOUSTON TX 77046