Tigo Energy (Tigo Energy) Days Payable : 251.99 (As of Dec. 2023)

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What is Tigo Energy Days Payable?

Tigo Energy's average Accounts Payable for the three months ended in Dec. 2023 was $17.6 Mil. Tigo Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was $6.4 Mil. Hence, Tigo Energy's Days Payable for the three months ended in Dec. 2023 was 251.99.

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

TYGO' s Days Payable Range Over the Past 10 Years
Min: 75.72 Med: 114.69 Max: 144.24
Current: 118.33

During the past 3 years, Tigo Energy's highest Days Payable was 144.24. The lowest was 75.72. And the median was 114.69.

TYGO's Days Payable is ranked better than
81.04% of 965 companies
in the Semiconductors industry
Industry Median: 51.74 vs TYGO: 118.33

Tigo Energy's Days Payable increased from Dec. 2022 (101.31) to Dec. 2023 (251.99). It may suggest that Tigo Energy delayed paying its suppliers.

Tigo Energy Days Payable Historical Data

The historical data trend for Tigo 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.

* Premium members only.

Tigo Energy Days Payable Chart

Tigo Energy Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

144.24

114.69

75.72

Tigo Energy Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial			101.31	90.63	99.69	259.43	251.99

Competitive Comparison of Tigo Energy's Days Payable

For the Solar subindustry, Tigo 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.

Tigo Energy's Days Payable Distribution in the Semiconductors Industry

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

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

Tigo 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.

Tigo 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
=	( (23.286	+	15.685)	/	2 )	/	93.924	*	365
=	19.4855					/	93.924	*	365
=	75.72

Tigo 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
=	( (19.492	+	15.685)	/	2 )	/	6.369	*	365 / 4
=	17.5885					/	6.369	*	365 / 4
=	251.99

Tigo Energy Days Payable Related Terms

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Tigo Energy (Tigo Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Tigo Energy Inc (NAS:TYGO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

655 Campbell Technology Parkway, Suite 150, Campbell, CA, USA, 95008

Website

https://www.tigoenergy.com

Tigo Energy Inc designs innovative solar power conversion and storage products that provide customers more choice and flexibility. Its mission is to deliver smart hardware and software solutions that enhance safety, increase energy yield, and lower operating costs of residential, commercial, and utility-scale solar systems.

Executives

Zvi Alon	director, officer: Chief Executive Officer	10725 NORTH DE ANZA BLVD, CUPERTINO CA 95014
Joan C Conley	director	3691 CHEVY CHASE LAKE DRIVE, CHEVY CHASE MD 20815
Energy Growth Momentum Gp Ii Ltd.	10 percent owner, other: See Remarks	1ST & 2ND FLOORS, ELIZABETH HOUSE, LES RUETTES BRAYES, ST PETER PORT Y7 GY1 1EW
Generation Im Climate Solutions Gp, Ltd.	10 percent owner	BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Generation Im Climate Solutions Fund, L.p.	10 percent owner	BOX 309, UGLAND HOUSE, GRAND CAYMAN E9 KY1-1104
Jeffrey Stuart Sullivan	officer: Chief Operating Officer	655 CAMPBELL TECHNOLOGY PARKWAY, CAMPBELL CA 95008
John Andrew Wilson	director	655 CAMPBELL TECHNOLOGY PARKWAY, CAMPBELL CA 95008
Alon Ventures, Llc	10 percent owner	27673 LUPINE RD, LOS ALTOS HILLS CA 94022
Energy Growth Momentum Ii Lp	10 percent owner, other: See Remarks	1ST AND 2ND FLOORS, ELIZABETH HOUSE, LES RUETTES BRAYES, ST PETER PORT Y7 GY11EW
James Jd Dillon	officer: Chief Marketing Officer	655 CAMPBELL TECHNOLOGY PARKWAY, CAMPBELL CA 95008
Jing Tian	officer: Chief Growth Officer	655 CAMPBELL TECHNOLOGY PARKWAY, CAMPBELL CA 95008
Tomer Babai	director	655 CAMPBELL TECHNOLOGY PARKWAY, SUITE 150, CAMPBELL CA 95008
Matthew Day	officer: Co-Chief Operating Officer	888 SAN CLEMENTE DRIVE SUITE 400, NEWPORT BEACH CA 92660
Andrew Costa	officer: Co-Chief Operating Officer	888 SAN CLEMENTE DRIVE SUITE 400, NEWPORT BEACH CA 92660
Chlm Sponsor Llc	10 percent owner	222 SOUTH 9TH STREET SUITE 350, MINNEAPOLIS MN 55402