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TurnOnGreen (TurnOnGreen) Days Payable : 143.80 (As of Dec. 2023)


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What is TurnOnGreen Days Payable?

TurnOnGreen's average Accounts Payable for the three months ended in Dec. 2023 was $1.38 Mil. TurnOnGreen's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.88 Mil. Hence, TurnOnGreen's Days Payable for the three months ended in Dec. 2023 was 143.80.

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

IMHC' s Days Payable Range Over the Past 10 Years
Min: 65.48   Med: 127.86   Max: 186.64
Current: 142.89

During the past 8 years, TurnOnGreen's highest Days Payable was 186.64. The lowest was 65.48. And the median was 127.86.

IMHC's Days Payable is ranked better than
76.09% of 2928 companies
in the Industrial Products industry
Industry Median: 76.275 vs IMHC: 142.89

TurnOnGreen's Days Payable increased from Dec. 2022 (100.04) to Dec. 2023 (143.80). It may suggest that TurnOnGreen delayed paying its suppliers.

TurnOnGreen Days Payable Historical Data

The historical data trend for TurnOnGreen'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.

TurnOnGreen Days Payable Chart

TurnOnGreen Annual Data
Trend Sep05 Sep06 Sep07 Sep08 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial - - 65.48 127.86 186.64

TurnOnGreen Quarterly Data
Mar08 Jun08 Sep08 Dec08 Mar09 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 100.04 252.75 112.56 81.15 143.80

Competitive Comparison of TurnOnGreen's Days Payable

For the Electrical Equipment & Parts subindustry, TurnOnGreen'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.

TurnOnGreen's Days Payable Distribution in the Industrial Products Industry

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

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


TurnOnGreen 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.

TurnOnGreen'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
=( (1.798 + 1.583) / 2 ) / 3.306*365
=1.6905 / 3.306*365
=186.64

TurnOnGreen'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
=( (1.178 + 1.583) / 2 ) / 0.876*365 / 4
=1.3805 / 0.876*365 / 4
=143.80

* 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.

TurnOnGreen Days Payable Related Terms

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

TurnOnGreen (TurnOnGreen) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » TurnOnGreen Inc (OTCPK:IMHC) » Definitions » Days Payable
Comparable Companies
NXU KRFG POLA BSTK PWDY CAPC DLYT COUV QBAK OZSC SZSE:300750 XSWX:ABBN BKK:DELTA TSE:6503 XPAR:LR SZSE:300124 XKRX:247540 SZSE:300274 VRT HUBB
Traded in Other Exchanges
N/A
Address
1421 McCarthy Boulevard, Las Vegas, NV, USA, 95035
Website
https://www.turnongreen.com
TurnOnGreen Inc is a company that designs and manufactures innovative, feature-rich, and top-quality power products for mission-critical applications, lifesaving and sustaining applications spanning multiple sectors in the harshest environments. The diverse markets it serves include defense and aerospace, medical and healthcare, industrial, telecommunications and e-Mobility.
Executives
Bitnile Holdings, Inc. 10 percent owner 11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
Amos Kohn director, officer: Chief Executive Officer 48430 LAKEVIEW BLVD., C/O DIGITAL POWER CORP, FREMONT CA 94538
Douglas Gintz director, officer: Chief Technology Officer C/O TURNONGREEN, INC., 1421 MCCARTHY BLVD., MILPITAS CA 95035
Marcus Charuvastra officer: President 2980 BEVERLY GLEN CIR.,, STE 100, LOS ANGELES CA 90077
Henry Carl Nisser director, officer: Chief Executive Officer 100 PARK AVENUE, SUITE 1658A, NEW YORK NY 10017
David J Katzoff officer: CFO, Secretary, Treasurer 201 SHIPYARD WAY, NEWPORT BEACH CA 92663
Kristie Andreula officer: Chief R and D Officer 30 N GOULD STREET, SUITE 11023, SHERIDAN WY 82801
Vincent Andruela director, officer: CEO, CFO, and President 30 N GOULD STREET, SUITE 11023, SHERIDAN WY 82801
Michael Andreula officer: Chief Marketing Officer 30 N GOULD STREET, SUITE 11023, SHERIDAN WY 82801
Karada Ltd 10 percent owner TRUST COMPANY COMPLEX, AJELTAKE ROAD, AJELTAKE, MAJURO 1T MAJURO
Lars Brannvall director, officer: President, CEO, CFO, Secretary SUITE 5.18, MLS BUSINESS CENTRE, 130 SHAFTESBURY AVENUE, LONDON X0 W1D 5EU
Colour Industry Inc. 10 percent owner PRASANMITR THANI TOWER, SUITE 2404, 41 SUKHUMVIT SOI 23, KLONGTOEY NUA, WATTANA, BANGKOK W1 10110
Coloured Industry Technology Partnership 2 Llp 10 percent owner 4 BEDFORD ROW, LONDON X0 WC1R 4DF
Mobile Warrior Technology Partnership Llp 10 percent owner 4 BEDFORD ROW, LONDON X0 WC1R 4DF