Electriq Power Holdings (Electriq Power Holdings) Days Payable : 451.81 (As of Sep. 2023)

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What is Electriq Power Holdings Days Payable?

Electriq Power Holdings's average Accounts Payable for the three months ended in Sep. 2023 was $4.22 Mil. Electriq Power Holdings's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.85 Mil. Hence, Electriq Power Holdings's Days Payable for the three months ended in Sep. 2023 was 451.81.

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

ELIQQ' s Days Payable Range Over the Past 10 Years
Min: 28.38 Med: 77.37 Max: 478.87
Current: 478.87

During the past 2 years, Electriq Power Holdings's highest Days Payable was 478.87. The lowest was 28.38. And the median was 77.37.

ELIQQ's Days Payable is ranked better than
87.15% of 389 companies
in the Utilities - Independent Power Producers industry
Industry Median: 78.95 vs ELIQQ: 478.87

Electriq Power Holdings's Days Payable increased from Jun. 2022 (0.00) to Sep. 2023 (451.81). It may suggest that Electriq Power Holdings delayed paying its suppliers.

Electriq Power Holdings Days Payable Historical Data

The historical data trend for Electriq Power Holdings'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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Electriq Power Holdings Days Payable Chart

Electriq Power Holdings Annual Data

Trend

Dec21

Dec22

Days Payable

126.36

28.38

Electriq Power Holdings Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial			-	-	76.48	-	451.81

Competitive Comparison of Electriq Power Holdings's Days Payable

For the Utilities - Renewable subindustry, Electriq Power Holdings'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.

Electriq Power Holdings's Days Payable Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Electriq Power Holdings's Days Payable distribution charts can be found below:

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

Electriq Power Holdings 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.

Electriq Power Holdings's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (1.049	+	1.377)	/	2 )	/	15.602	*	365
=	1.213					/	15.602	*	365
=	28.38

Electriq Power Holdings's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.246	+	8.201)	/	2 )	/	0.853	*	365 / 4
=	4.2235					/	0.853	*	365 / 4
=	451.81

Electriq Power Holdings Days Payable Related Terms

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Electriq Power Holdings (Electriq Power Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Electriq Power Holdings Inc (OTCPK:ELIQQ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

625 North Flagler Drive, Suite 1003, West Palm Beach, FL, USA, 33401

Website

https://www.electriqpower.com

Electriq Power Holdings Inc is an energy storage company developing fully integrated energy management and storage solutions for homes and small businesses. The company solutions deliver always-available, low-cost clean energy, even during intermittent outages and inclement weather. Those solutions enable cities, municipalities and utilities to provide their constituents with a path to sustainable and resilient sources of energy, regardless of socio-economic status.

Executives

Petrina Thomson	officer: Chief Financial Officer	625 N. FLAGLER DRIVE, SUITE 1003, WEST PALM BEACH FL 33401
Jan Klube	officer: Chief Technology Officer	625 N. FLAGLER DRIVE, SUITE 1003, WEST PALM BEACH FL 33401
Carol L Coughlin	director	C/O HAMILTON BANCORP, INC., 501 FAIRMOUNT AVENUE, SUITE 200, TOWSON MD 21286
Jennifer Elaine Lowry	director	2 HOLLINS AVE, BALTIMORE MD 21210
Neha Palmer	director	1021 MAIN ST., SUITE #1960, HOUSTON TX 77002
Gbif Management Ltd.	director, 10 percent owner	2345 YONGE STREET, SUITE 804, TORONTO A6 M4P 2E5
Hoof James Van Jr	officer: See Remarks	625 N. FLAGLER DRIVE SUITE 1003, WEST PALM BEACH FL 33401
Gideon Soesman	director	625 N. FLAGLER DRIVE SUITE 1003, WEST PALM BEACH FL 33401
Frank A Magnotti	director, officer: Chief Executive Officer	C/O COMVERGE, INC., 120 EAGLE ROCK AVENUE, SUITE 190, EAST HANOVER NJ 07936
Kristina A. Peterson	director	C/O BLINK CHARGING CO., 605 LINCOLN ROAD, 5TH FLOOR, MIAMI BEACH FL 33139
John M Lawrie	director, 10 percent owner, officer: See Remarks	DXC TECHNOLOGY COMPANY, 1775 TYSONS BOULEVARD, TYSONS VA 22102
Zainabu Oke	director	8300 GOLF LINKS ROAD, OAKLAND CA 94605
Edward Ho	director	1775 TYSONS BOULEVARD, TYSONS VA 22102
Tlg Acquisition Founder Llc	10 percent owner	515 NORTH FLAGLER DRIVE, SUITE 520, WEST PALM BEACH FL 33401
Kristin Muhlner	director	3877 FAIRFAX RIDGE ROAD, SOUTH TOWER, FAIRFAX VA 22030