Nu Ride (Nu Ride) Days Payable : 0.00 (As of Dec. 2023)

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What is Nu Ride Days Payable?

Nu Ride's average Accounts Payable for the three months ended in Dec. 2023 was $1.18 Mil. Nu Ride's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.00 Mil.

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

NRDE' s Days Payable Range Over the Past 10 Years
Min: 21.61 Med: 89.37 Max: 151.35
Current: 21.61

During the past 5 years, Nu Ride's highest Days Payable was 151.35. The lowest was 21.61. And the median was 89.37.

NRDE's Days Payable is ranked worse than
91.36% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.85 vs NRDE: 21.61

Nu Ride's Days Payable declined from Dec. 2022 (43.21) to Dec. 2023 (0.00). It may suggest that Nu Ride accelerated paying its suppliers.

Nu Ride Days Payable Historical Data

The historical data trend for Nu Ride'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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Nu Ride Days Payable Chart

Nu Ride Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

151.35

27.38

Nu Ride Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial												43.21	31.44	8.97	-	-

Competitive Comparison of Nu Ride's Days Payable

For the Auto Manufacturers subindustry, Nu Ride'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.

Nu Ride's Days Payable Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Nu Ride's Days Payable falls into.

Nu Ride 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.

Nu Ride'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
=	( (12.801	+	0.933)	/	2 )	/	91.55	*	365
=	6.867					/	91.55	*	365
=	27.38

Nu Ride'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
=	( (1.43	+	0.933)	/	2 )	/	0	*	365 / 4
=	1.1815					/	0	*	365 / 4
=	N/A

Nu Ride Days Payable Related Terms

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Nu Ride (Nu Ride) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nu Ride Inc (OTCPK:NRDE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2300 Hallock Young Road, Lordstown, OH, USA, 44481

Website

https://www.lordstownmotors.com

Lordstown Motors Corp is an electric vehicle innovator developing high-quality light duty commercial fleet vehicles, with the Endurance all electric pick-up truck as its first vehicle being launched in the Lordstown, Ohio facility. The Company is in its final design and testing phase related to their production of the Endurance and has yet to bring a completed product to market.

Executives

Stephen S. Burns	director, officer: Chief Executive Officer	C/O ADVANCED MECHANICAL PRODUCTS, INC., 4540 ALPINE ROAD, BLUE ASH OH 45242
Anderson Joseph B Jr	director	MERITOR, INC., 2135 WEST MAPLE ROAD, TROY MI 48084-7186
Edward T. Hightower	officer: President	C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481
Donna Bell	officer: EVP, PROD CRTN, ENG & SUPP CHN	C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481
Jane Ritson-parsons	officer: CHIEF OPERATING OFFICER	C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481
Laura J. Soave	director	C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481
Daniel A Ninivaggi	director, officer: CHIEF EXECUTIVE OFFICER	C/O ICAHN ENTERPRISES L.P., 767 FIFTH AVENUE, SUITE 4600, NEW YORK NY 10153
Melissa A. Leonard	officer: EVP, GEN. COUNSEL & SECRETARY	C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481
Adam B Kroll	officer: CHIEF FINANCIAL OFFICER	475 QUAKER MEETING HOUSE RD, HONEOYE FALLS NY 14472
Rebecca A Roof	officer: Interim CFO	C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481
Chuan D. Vo	officer: Vice President of Propulsion	C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481
Julio C. Rodriguez	officer: Chief Financial Officer	315 CHELSEY CT., ALPHARETTA GA 30004
Darren Post	officer: Vice President of Engineering	C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481
Phil Richard Schmidt	officer: Chief Production Officer	C/O LORDSTOWN MOTORS CORP., 2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481
Shane Brown	officer: Chief Production Officer	2300 HALLOCK YOUNG ROAD, LORDSTOWN OH 44481