Shorepower Technologies (Shorepower Technologies) Days Payable : 439.66 (As of Nov. 2023)

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What is Shorepower Technologies Days Payable?

Shorepower Technologies's average Accounts Payable for the three months ended in Nov. 2023 was $0.05 Mil. Shorepower Technologies's Cost of Goods Sold for the three months ended in Nov. 2023 was $0.01 Mil. Hence, Shorepower Technologies's Days Payable for the three months ended in Nov. 2023 was 439.66.

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

SPEV' s Days Payable Range Over the Past 10 Years
Min: 0 Med: 0 Max: 686.83
Current: 686.83

During the past 13 years, Shorepower Technologies's highest Days Payable was 686.83. The lowest was 0.00. And the median was 0.00.

SPEV's Days Payable is ranked better than
97.69% of 1080 companies
in the Retail - Cyclical industry
Industry Median: 56.77 vs SPEV: 686.83

Shorepower Technologies's Days Payable increased from Nov. 2022 (0.00) to Nov. 2023 (439.66). It may suggest that Shorepower Technologies delayed paying its suppliers.

Shorepower Technologies Days Payable Historical Data

The historical data trend for Shorepower 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.

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Shorepower Technologies Days Payable Chart

Shorepower Technologies Annual Data

Trend

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Days Payable

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Shorepower Technologies Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Days Payable	Get a 7-Day Free Trial															-	-	572.39	598.19	439.66

Competitive Comparison of Shorepower Technologies's Days Payable

For the Specialty Retail subindustry, Shorepower 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.

Shorepower Technologies's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Shorepower Technologies's Days Payable distribution charts can be found below:

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

Shorepower 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.

Shorepower Technologies's Days Payable for the fiscal year that ended in Feb. 2023 is calculated as

	Days Payable (A: Feb. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2022 )	+	Accounts Payable (A: Feb. 2023 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0	*	365
=	0					/	0	*	365
=	N/A

Shorepower Technologies's Days Payable for the quarter that ended in Nov. 2023 is calculated as:

	Days Payable (Q: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Aug. 2023 )	+	Accounts Payable (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (0.049	+	0.057)	/	2 )	/	0.011	*	365 / 4
=	0.053					/	0.011	*	365 / 4
=	439.66

Shorepower Technologies Days Payable Related Terms

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Shorepower Technologies (Shorepower Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Shorepower Technologies Inc (OTCPK:SPEV) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

5291 NE Elam Young Parkway, Suite 160, Hillsboro, OR, USA, 97124

Website

https://www.shorepower.com

Shorepower Technologies Inc is a transportation electrification company that builds, deploys, and operates plug-in stations that allow electric vehicles, trucks, and refrigerated trailers to conveniently access electric power while parked or staged.

Executives

Erop Capital Llc	10 percent owner	912 HOLCOMB BRIDGE ROAD, STE 101, ROSWELL GA 30076
Jeffrey Kim	director, 10 percent owner, officer: President and CEO	5291 NE ELAM YOUNG PARKWAY,, SUITE 160, HILLSBORO OR 97124
Thirty 05 Llc	director, officer: President	3005 HOEDT RD, TAMPA FL 33618

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