Polar Power (STU:PPW) Days Payable : 61.82 (As of Mar. 2024)

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What is Polar Power Days Payable?

Polar Power's average Accounts Payable for the three months ended in Mar. 2024 was €1.36 Mil. Polar Power's Cost of Goods Sold for the three months ended in Mar. 2024 was €2.00 Mil. Hence, Polar Power's Days Payable for the three months ended in Mar. 2024 was 61.82.

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

STU:PPW' s Days Payable Range Over the Past 10 Years
Min: 7.31 Med: 11.61 Max: 40.48
Current: 40.48

During the past 10 years, Polar Power's highest Days Payable was 40.48. The lowest was 7.31. And the median was 11.61.

STU:PPW's Days Payable is ranked worse than
79.29% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs STU:PPW: 40.48

Polar Power's Days Payable increased from Mar. 2023 (16.68) to Mar. 2024 (61.82). It may suggest that Polar Power delayed paying its suppliers.

Polar Power Days Payable Historical Data

The historical data trend for Polar Power'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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Polar Power Days Payable Chart

Polar Power Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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14.84

11.73

8.37

7.04

24.99

Polar Power 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															16.68	27.34	76.73	34.39	61.82

Competitive Comparison of Polar Power's Days Payable

For the Electrical Equipment & Parts subindustry, Polar Power'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.

Polar Power's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Polar Power's Days Payable falls into.

Polar Power 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.

Polar Power'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
=	( (0.217	+	1.616)	/	2 )	/	13.387	*	365
=	0.9165					/	13.387	*	365
=	24.99

Polar Power'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
=	( (1.616	+	1.098)	/	2 )	/	2.003	*	365 / 4
=	1.357					/	2.003	*	365 / 4
=	61.82

Polar Power Days Payable Related Terms

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Polar Power (STU:PPW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Polar Power Inc (STU:PPW) » Definitions » Days Payable

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POLA:USA

Address

249 East Gardena Boulevard, Gardena, CA, USA, 90248

Website

https://www.polarpower.com

Polar Power Inc is engaged in designing, manufacture, and sell DC power generators, renewable energy and cooling systems for applications primarily in the telecommunications market and, to a lesser extent, in other markets, including military, electric vehicle, marine and industrial. The company's products include DC generators, Back-up DC generators, hybrid power systems, Li-Ion battery systems, and Marine DC generators. The Companie's geographical presence is in United States, Canada, Mexico, South Pacific Islands, Japan, Europe and Middle East and Other Asia Pacific countries.

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