Acorn Energy (Acorn Energy) Days Payable : 55.48 (As of Dec. 2023)

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What is Acorn Energy Days Payable?

Acorn Energy's average Accounts Payable for the three months ended in Dec. 2023 was $0.37 Mil. Acorn Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.60 Mil. Hence, Acorn Energy's Days Payable for the three months ended in Dec. 2023 was 55.48.

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

ACFN' s Days Payable Range Over the Past 10 Years
Min: 42.55 Med: 66.47 Max: 114.79
Current: 58.86

During the past 13 years, Acorn Energy's highest Days Payable was 114.79. The lowest was 42.55. And the median was 66.47.

ACFN's Days Payable is ranked worse than
58.71% of 2422 companies
in the Hardware industry
Industry Median: 67.885 vs ACFN: 58.86

Acorn Energy's Days Payable declined from Dec. 2022 (57.01) to Dec. 2023 (55.48). It may suggest that Acorn Energy accelerated paying its suppliers.

Acorn Energy Days Payable Historical Data

The historical data trend for Acorn Energy'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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Acorn Energy Days Payable Chart

Acorn Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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42.55

43.41

66.70

66.23

47.16

Acorn Energy Quarterly Data
	Mar19	Jun19	Sep19	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															57.01	63.64	64.42	65.00	55.48

Competitive Comparison of Acorn Energy's Days Payable

For the Scientific & Technical Instruments subindustry, Acorn Energy'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.

Acorn Energy's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Acorn Energy's Days Payable distribution charts can be found below:

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

Acorn Energy 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.

Acorn Energy'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
=	( (0.243	+	0.288)	/	2 )	/	2.055	*	365
=	0.2655					/	2.055	*	365
=	47.16

Acorn Energy'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
=	( (0.444	+	0.288)	/	2 )	/	0.602	*	365 / 4
=	0.366					/	0.602	*	365 / 4
=	55.48

Acorn Energy Days Payable Related Terms

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Acorn Energy (Acorn Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Acorn Energy Inc (OTCPK:ACFN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1000 N West Street, Suite 1200, Wilmington, DE, USA, 19801

Website

https://www.acornenergy.com

Acorn Energy Inc is a holding company which focuses on technology-driven solutions for energy infrastructure asset management. It operates through two segments namely, the PG segment and the CP segment. PG segment provides wireless remote monitoring and control systems and services for critical assets as well as Internet of Things applications which account for majority of the revenue. CP segment is engaged in providing remote monitoring of cathodic protection systems on gas pipelines for gas utilities and pipeline companies.

Executives

Tracy Simmons Clifford	officer: CFO	10 N. ADGER'S WHARF, CHARLESTON SC 29401
Jan H Loeb	director, officer: President and CEO	LEAP TIDE CAPITAL MANAGEMENT, 10451 MILL RUN CIRCLE SUITE 400, OWINGS MILLS MD 21117
Peter Rabover	director	C/O ARTKO CAPITAL LLC, 1091 E BAYAUD AVE, APT W2808, DENVER CO 80209
Gary Mohr	director	C/O UE SYSTEMS INC., 14 HAYES STREET, ELMSFORD NY 10532
Leap Tide Capital Acorn Llc	10 percent owner	10451 MILL RUN CIRCLE, SUITE 400, OWINGS MILLS MD 21117
Walter Iv Czarnecki	officer: OmniMetrix LLC President & CEO	OMNIMETRIX, LLC, 4295 HAMILTON MILL ROAD, SUITE 100, BUFORD GA 30518
Michael Osterer	director	C/O UE SYSTEMS INC., 14 HAYES STREET, ELMSFORD NY 10532
Woolard Edgar S Jr	director	C/O NEW YORK STOCK EXCHANGE, INC., 11 WALL STREET, NEW YORK NY 10005
John A Moore	officer: Chief Executive Officer	403 MARSH LANE, WILMINGTON DE 19807
Christopher E Clouser	director	C/O ACORN ENERGY, INC., 4 WEST ROCKLAND RD, MONTCHANIN DE 19710
Mannie L Jackson	director	ALFRED P SLOAN FOUNDATION, 630 FIFTH AVENUE SUITE 2550, NEW YORK NY 10111-0242
Mark A Bashforth	officer: CEO and President of USSI	C/O ACORN ENERGY, INC., 3903 CENTERVILLE ROAD, WILMINGTON DE 19807
Andy Sassine	director	82 DEVONSHIRE STREET, BOSTON MA 02109
Mckee Robert E Iii	director	14927 SANDALFOOT, HOUSTON TX 77095
Deena Redding	officer: President of OmniMetrix, LLC	OMNIMETRIX, LLC, 5225 BELLE WOOD COURT, BUFORD GA 30518