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EnWave (EnWave) Days Payable : 50.74 (As of Dec. 2023)


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What is EnWave Days Payable?

EnWave's average Accounts Payable for the three months ended in Dec. 2023 was $0.43 Mil. EnWave's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.77 Mil. Hence, EnWave's Days Payable for the three months ended in Dec. 2023 was 50.74.

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

NWVCF' s Days Payable Range Over the Past 10 Years
Min: 24.41   Med: 45.88   Max: 469.29
Current: 62.49

During the past 13 years, EnWave's highest Days Payable was 469.29. The lowest was 24.41. And the median was 45.88.

NWVCF's Days Payable is ranked worse than
59.73% of 2930 companies
in the Industrial Products industry
Industry Median: 76 vs NWVCF: 62.49

EnWave's Days Payable declined from Dec. 2022 (78.90) to Dec. 2023 (50.74). It may suggest that EnWave accelerated paying its suppliers.

EnWave Days Payable Historical Data

The historical data trend for EnWave'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.

EnWave Days Payable Chart

EnWave Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 40.62 51.26 32.20 100.62 55.80

EnWave 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 78.90 69.97 64.05 55.33 50.74

Competitive Comparison of EnWave's Days Payable

For the Specialty Industrial Machinery subindustry, EnWave'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.

EnWave's Days Payable Distribution in the Industrial Products Industry

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

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


EnWave 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.

EnWave's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

Days Payable (A: Sep. 2023 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Sep. 2022 ) + Accounts Payable (A: Sep. 2023 )) / count ) / Cost of Goods Sold (A: Sep. 2023 )*Days in Period
=( (1.042 + 0.524) / 2 ) / 5.122*365
=0.783 / 5.122*365
=55.80

EnWave'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
=( (0.524 + 0.329) / 2 ) / 0.767*365 / 4
=0.4265 / 0.767*365 / 4
=50.74

* 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.

EnWave Days Payable Related Terms

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

EnWave (EnWave) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » EnWave Corp (OTCPK:NWVCF) » Definitions » Days Payable
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E4U:Germany ENW:Canada
Address
1668 Derwent Way, Unit 1, Delta, BC, CAN, V3M 6R9
Website
https://www.enwave.net
EnWave Corp is engaged in licensing its intellectual property through royalty-bearing agreements and the design, construction, marketing and sales of vacuum-microwave machinery for the food, cannabis and biomaterial dehydration industries. The Company's wholly-owned subsidiary, NutraDried Food Company, LLC manufactures, markets and sells certain dehydrated food products manufactured using EnWave's proprietary technology.