Eco Wave Power Global AB (OSTO:ECOWVE) Days Payable : 164.36 (As of Dec. 2023)

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What is Eco Wave Power Global AB Days Payable?

Eco Wave Power Global AB's average Accounts Payable for the three months ended in Dec. 2023 was kr0.74 Mil. Eco Wave Power Global AB's Cost of Goods Sold for the three months ended in Dec. 2023 was kr0.41 Mil. Hence, Eco Wave Power Global AB's Days Payable for the three months ended in Dec. 2023 was 164.36.

The historical rank and industry rank for Eco Wave Power Global AB's Days Payable or its related term are showing as below:

OSTO:ECOWVE' s Days Payable Range Over the Past 10 Years
Min: 33.51 Med: 386.65 Max: 1003.75
Current: 390.98

During the past 7 years, Eco Wave Power Global AB's highest Days Payable was 1003.75. The lowest was 33.51. And the median was 386.65.

OSTO:ECOWVE's Days Payable is ranked better than
83.8% of 389 companies
in the Utilities - Independent Power Producers industry
Industry Median: 78.95 vs OSTO:ECOWVE: 390.98

Eco Wave Power Global AB's Days Payable increased from Dec. 2022 (0.00) to Dec. 2023 (164.36). It may suggest that Eco Wave Power Global AB delayed paying its suppliers.

Eco Wave Power Global AB Days Payable Historical Data

The historical data trend for Eco Wave Power Global AB'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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Eco Wave Power Global AB Days Payable Chart

Eco Wave Power Global AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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577.17

957.32

389.43

Eco Wave Power Global AB 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															-	-	-	303.08	164.36

Competitive Comparison of Eco Wave Power Global AB's Days Payable

For the Utilities - Renewable subindustry, Eco Wave Power Global AB'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.

Eco Wave Power Global AB's Days Payable Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Eco Wave Power Global AB's Days Payable distribution charts can be found below:

* The bar in red indicates where Eco Wave Power Global AB's Days Payable falls into.

Eco Wave Power Global AB 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.

Eco Wave Power Global AB'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
=	( (0.778	+	0.513)	/	2 )	/	0.605	*	365
=	0.6455					/	0.605	*	365
=	389.43

Eco Wave Power Global AB'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
=	( (0.964	+	0.513)	/	2 )	/	0.41	*	365 / 4
=	0.7385					/	0.41	*	365 / 4
=	164.36

Eco Wave Power Global AB Days Payable Related Terms

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Eco Wave Power Global AB (OSTO:ECOWVE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Eco Wave Power Global AB (OSTO:ECOWVE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

WAVE:USA 1KW0:Germany

Address

52 Derech Menachem Begin Street, Tel Aviv, ISR, 6713701

Website

https://www.ecowavepower.com

Eco Wave Power Global AB is a Sweden-based wave energy company engaged in the development of a smart and cost-efficient WEC, technology that converts ocean and sea waves into clean electricity. Its WEC technology employs units of point absorber floating devices, referred to as floaters, which are installed on existing marine structures such as piers, breakwaters, and jetties, or in locations in which such marine structures are required. Geographical presence in Israel, USA and Mexico.

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