Ballard Power Systems (Ballard Power Systems) Days Payable : 25.70 (As of Dec. 2023)

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What is Ballard Power Systems Days Payable?

Ballard Power Systems's average Accounts Payable for the three months ended in Dec. 2023 was $15.9 Mil. Ballard Power Systems's Cost of Goods Sold for the three months ended in Dec. 2023 was $56.4 Mil. Hence, Ballard Power Systems's Days Payable for the three months ended in Dec. 2023 was 25.70.

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

BLDP' s Days Payable Range Over the Past 10 Years
Min: 25.03 Med: 49.31 Max: 63.93
Current: 53.52

During the past 13 years, Ballard Power Systems's highest Days Payable was 63.93. The lowest was 25.03. And the median was 49.31.

BLDP's Days Payable is ranked worse than
66.59% of 2930 companies
in the Industrial Products industry
Industry Median: 76 vs BLDP: 53.52

Ballard Power Systems's Days Payable declined from Dec. 2022 (71.99) to Dec. 2023 (25.70). It may suggest that Ballard Power Systems accelerated paying its suppliers.

Ballard Power Systems Days Payable Historical Data

The historical data trend for Ballard Power Systems'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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Ballard Power Systems Days Payable Chart

Ballard Power Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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47.73

52.74

45.90

65.45

50.20

Ballard Power Systems 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															71.99	95.02	95.16	56.63	25.70

Competitive Comparison of Ballard Power Systems's Days Payable

For the Specialty Industrial Machinery subindustry, Ballard Power Systems'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.

Ballard Power Systems's Days Payable Distribution in the Industrial Products Industry

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

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

Ballard Power Systems 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.

Ballard Power Systems'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
=	( (20.44	+	13.724)	/	2 )	/	124.199	*	365
=	17.082					/	124.199	*	365
=	50.20

Ballard Power Systems'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
=	( (18.053	+	13.724)	/	2 )	/	56.419	*	365 / 4
=	15.8885					/	56.419	*	365 / 4
=	25.70

Ballard Power Systems Days Payable Related Terms

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Ballard Power Systems (Ballard Power Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ballard Power Systems Inc (NAS:BLDP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

0QY5:UK PO0:Germany BLDP:Canada

Address

9000 Glenlyon Parkway, Burnaby, BC, CAN, V5J 5J8

Website

https://www.ballard.com

Ballard Power Systems is a world leader in proton-exchange membrane fuel cells, power system development, and commercialization. The company's principal business is the design, development, manufacture, sale, and service of PEM fuel cell products for a variety of applications, focusing on power product markets of heavy-duty motive (bus, truck, rail, and marine applications), material handling, and stationary power generation. Sales are concentrated in the U.S., Europe, and China.