Ocean Power Technologies (Ocean Power Technologies) Days Payable : 150.06 (As of Jan. 2024)

View and export this data going back to 2007. Start your Free Trial

What is Ocean Power Technologies Days Payable?

Ocean Power Technologies's average Accounts Payable for the three months ended in Jan. 2024 was $1.61 Mil. Ocean Power Technologies's Cost of Goods Sold for the three months ended in Jan. 2024 was $0.98 Mil. Hence, Ocean Power Technologies's Days Payable for the three months ended in Jan. 2024 was 150.06.

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

OPTT' s Days Payable Range Over the Past 10 Years
Min: 33.37 Med: 128.99 Max: 209.53
Current: 142.57

During the past 13 years, Ocean Power Technologies's highest Days Payable was 209.53. The lowest was 33.37. And the median was 128.99.

OPTT's Days Payable is ranked better than
75.9% of 2930 companies
in the Industrial Products industry
Industry Median: 76 vs OPTT: 142.57

Ocean Power Technologies's Days Payable increased from Jan. 2023 (90.03) to Jan. 2024 (150.06). It may suggest that Ocean Power Technologies delayed paying its suppliers.

Ocean Power Technologies Days Payable Historical Data

The historical data trend for Ocean Power Technologies'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.

Ocean Power Technologies Days Payable Chart

Ocean Power Technologies Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Days Payable

Get a 7-Day Free Trial

84.32

54.33

72.63

156.20

135.78

Ocean Power Technologies Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Payable	Get a 7-Day Free Trial															90.03	63.20	168.49	347.14	150.06

Competitive Comparison of Ocean Power Technologies's Days Payable

For the Specialty Industrial Machinery subindustry, Ocean Power Technologies'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.

Ocean Power Technologies's Days Payable Distribution in the Industrial Products Industry

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

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

Ocean Power Technologies 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.

Ocean Power Technologies's Days Payable for the fiscal year that ended in Apr. 2023 is calculated as

	Days Payable (A: Apr. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Apr. 2022 )	+	Accounts Payable (A: Apr. 2023 ))	/	count )	/	Cost of Goods Sold (A: Apr. 2023 )	*	Days in Period
=	( (0.905	+	0.952)	/	2 )	/	2.496	*	365
=	0.9285					/	2.496	*	365
=	135.78

Ocean Power Technologies's Days Payable for the quarter that ended in Jan. 2024 is calculated as:

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (1.754	+	1.466)	/	2 )	/	0.979	*	365 / 4
=	1.61					/	0.979	*	365 / 4
=	150.06

Ocean Power Technologies Days Payable Related Terms

Thank you for viewing the detailed overview of Ocean Power Technologies's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Ocean Power Technologies (Ocean Power Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ocean Power Technologies Inc (AMEX:OPTT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RUOB:Germany

Address

28 Engelhard Drive, Suite B, Monroe Township, NJ, USA, 08831

Website

https://www.oceanpowertechnologies.com

Ocean Power Technologies Inc provides intelligent maritime solutions and services that enable safer, cleaner, and more productive ocean operations for the defense and security, oil and gas, science and research, and offshore wind markets. It provides ocean data collection and reporting, marine power, offshore communications, and Maritime Domain Awareness System (MDAS) products, integrated solutions, and consulting services. The company offers its products and services to a wide range of customers, including those in government and offshore energy, oil and gas, construction, wind power, and other industries. The company has operations in North and South America, Europe, Asia and Australia.

Executives

Peter E. Slaiby	director	28 ENGELHARD DRIVE,, SUITE B, MONROE TOWNSHIP NJ 08831
Robert Patrick Powers	officer: Senior VP and CFO	968 ALBANY SHAKER ROAD, LATHAM NY 12110
Philipp Stratmann	officer: President and CEO	28 ENGELHARD DRIVE, SUITE B, MONROE TOWNSHIP NJ 08831
Lorenz Anderson Natalie M.	director	28 ENGELHARD DRIVE, SUITE B, MONROE TOWNSHIP NJ 08831
Joseph Dipietro	officer: Controller and Treasurer	28 ENGELHARD DRIVE, SUITE B, MONROE TOWNSHIP NJ 08831
Robert K Winters	director	280 6TH AVENUE, BROOKLYN NY 11215
Diana G Purcel	director	C/O FAMOUS DVES OF AMERICA INC, 8091 WALLACE ROAD, EDEN PRAIRIE MN 55344
Clyde W Hewlett	director	28, ENGLAND DRIVE, SUITE B, MONROE TOWNSHIP NJ 08831
Kirby George H Iii	director, officer: President, CEO, and Director	28 ENGELHARD DRIVE, MONROE TOWNSHIP NJ 08831
Dean J Glover	director	C/O GLOBAL POWER EQUIPMENT GROUP INC., 5199 N. MINGO ROAD, TULSA OK 74117
Terence James Cryan	director	2 HAMPSHIRE RD, BRONXVILLE NY 10708
Kristine S Moore	director	28 ENGELHARD DRIVE, PENNINGTON NJ 08831
Steven M Fludder	director	264 NANTASKET ROAD, HULL MA 02045
Christopher Phebus	officer: Vice President - Engineering	28 ENGELHARD DRIVE, MONOROE TOWNSHIP NJ 08831
Matthew T Shafer	officer: CFO and Treasurer	1590 REED ROAD, PENNINGTON NJ 08534