Next Hydrogen Solutions (TSXV:NXH) Days Payable : 58.70 (As of Mar. 2024)

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What is Next Hydrogen Solutions Days Payable?

Next Hydrogen Solutions's average Accounts Payable for the three months ended in Mar. 2024 was C$0.49 Mil. Next Hydrogen Solutions's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.76 Mil. Hence, Next Hydrogen Solutions's Days Payable for the three months ended in Mar. 2024 was 58.70.

The historical rank and industry rank for Next Hydrogen Solutions's Days Payable or its related term are showing as below:

TSXV:NXH' s Days Payable Range Over the Past 10 Years
Min: 8.53 Med: 44.78 Max: 81.03
Current: 77.82

During the past 4 years, Next Hydrogen Solutions's highest Days Payable was 81.03. The lowest was 8.53. And the median was 44.78.

TSXV:NXH's Days Payable is ranked better than
50.83% of 2935 companies
in the Industrial Products industry
Industry Median: 76.43 vs TSXV:NXH: 77.82

Next Hydrogen Solutions's Days Payable increased from Mar. 2023 (0.00) to Mar. 2024 (58.70). It may suggest that Next Hydrogen Solutions delayed paying its suppliers.

Next Hydrogen Solutions Days Payable Historical Data

The historical data trend for Next Hydrogen Solutions'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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Next Hydrogen Solutions Days Payable Chart

Next Hydrogen Solutions Annual Data

Trend

Dec20

Jan21

Dec22

Dec23

Days Payable

8.53

81.03

Next Hydrogen Solutions Quarterly Data
	Jul19	Oct19	Apr20	Jul20	Oct20	Jan21	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial													-	3,903.47	64.93	64.94	58.70

Competitive Comparison of Next Hydrogen Solutions's Days Payable

For the Specialty Industrial Machinery subindustry, Next Hydrogen Solutions'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.

Next Hydrogen Solutions's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Next Hydrogen Solutions's Days Payable distribution charts can be found below:

* The bar in red indicates where Next Hydrogen Solutions's Days Payable falls into.

Next Hydrogen Solutions 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.

Next Hydrogen Solutions'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
=	( (0.057	+	0.494)	/	2 )	/	1.241	*	365
=	0.2755					/	1.241	*	365
=	81.03

Next Hydrogen Solutions'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
=	( (0.494	+	0.489)	/	2 )	/	0.764	*	365 / 4
=	0.4915					/	0.764	*	365 / 4
=	58.70

Next Hydrogen Solutions Days Payable Related Terms

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Next Hydrogen Solutions (TSXV:NXH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Next Hydrogen Solutions Inc (TSXV:NXH) » Definitions » Days Payable

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NXHSF:USA

Address

6610 Edwards Boulevard, Mississauga, ON, CAN, L5T 2V6

Website

https://www.nexthydrogen.com

Next Hydrogen Solutions Inc is a designer and manufacturer of electrolyzers that use water and electricity as inputs to generate clean hydrogen for use as an energy source. Its cell design architecture enables high current density operations and superior dynamic response to efficiently convert intermittent renewable electricity into green hydrogen on an infrastructure scale. The company generates revenue from customer contracts from the principal sources of product and equipment sales and services as well as aftermarket sales.

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