Ascent Solar Technologies (Ascent Solar Technologies) Days Payable : 1,191.32 (As of Dec. 2023)

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What is Ascent Solar Technologies Days Payable?

Ascent Solar Technologies's average Accounts Payable for the three months ended in Dec. 2023 was $0.94 Mil. Ascent Solar Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.07 Mil. Hence, Ascent Solar Technologies's Days Payable for the three months ended in Dec. 2023 was 1,191.32.

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

ASTI' s Days Payable Range Over the Past 10 Years
Min: 99.14 Med: 266.29 Max: 2502.86
Current: 162.27

During the past 13 years, Ascent Solar Technologies's highest Days Payable was 2502.86. The lowest was 99.14. And the median was 266.29.

ASTI's Days Payable is ranked better than
87.84% of 962 companies
in the Semiconductors industry
Industry Median: 51.77 vs ASTI: 162.27

Ascent Solar Technologies's Days Payable increased from Dec. 2022 (121.67) to Dec. 2023 (1,191.32). It may suggest that Ascent Solar Technologies delayed paying its suppliers.

Ascent Solar Technologies Days Payable Historical Data

The historical data trend for Ascent Solar 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.

Ascent Solar Technologies Days Payable Chart

Ascent Solar Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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1,483.09

2,502.86

132.25

112.20

113.24

Ascent Solar Technologies 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															121.67	116.14	118.72	161.50	1,191.32

Competitive Comparison of Ascent Solar Technologies's Days Payable

For the Solar subindustry, Ascent Solar 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.

Ascent Solar Technologies's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Ascent Solar Technologies's Days Payable distribution charts can be found below:

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

Ascent Solar 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.

Ascent Solar Technologies'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
=	( (0.595	+	0.579)	/	2 )	/	1.892	*	365
=	0.587					/	1.892	*	365
=	113.24

Ascent Solar Technologies'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
=	( (1.301	+	0.579)	/	2 )	/	0.072	*	365 / 4
=	0.94					/	0.072	*	365 / 4
=	1,191.32

Ascent Solar Technologies Days Payable Related Terms

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Ascent Solar Technologies (Ascent Solar Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Ascent Solar Technologies Inc (NAS:ASTI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

12300 Grant Street, Thornton, CO, USA, 80241

Website

http://www.ascentsolar.com

Ascent Solar Technologies Inc is engaged in the manufacturing and selling of photovoltaic products (PV) solar modules that are flexible, durable, and possess attractive power-to-weight and power-to-area performance. The company is integrating its PV products into scalable and high-value markets such as agrivoltaics, aerospace, satellites, near-earth orbiting vehicles, and fixed-wing unmanned aerial vehicles (UAV). Ascent is also working to expand its portable solar chargers, such as the XD-12. The company markets and sells its products through OEMs, system integrators, distributors, retailers, and e-commerce companies.

Executives

Reynolds T. Forrest	director	C/O ASCENT SOLAR TECHNOLOGIES, INC., 12300 GRANT STREET, THORNTON CO 80241
Peterson David Theodore Jr	director	15332 ANTIOCH STREET, #434, PACIFIC PALISADES CA 90272
Paul P. Warley	officer: Chief Financial Officer	C/O ASCENT SOLAR TECHNOLOGIES, INC., 12300 GRANT STREET, THORNTON CO 80241
Louis C. Berezovsky	director	C/O ASCENT SOLAR TECHNOLOGIES, INC., 12300 GRANT STREET, THORNTON CO 80241
Gregory C Thompson	director	1000 ABERNATHY ROAD N.E., STE 1200, ATLANTA GA 30328
Jin H. Jo	officer: Chief Financial Officer	C/O ASCENT SOLAR TECHNOLOGIES, INC., 12300 GRANT STREET, THORNTON CO 80241
Bobby Gulati	officer: Chief Operating Officer	C/O ASCENT SOLAR TECHNOLOGIES, INC., 12300 GRANT STREET, THORNTON CO 80241
Arion Agrophotovoltaic Private Ltd	10 percent owner	45, NORTH CANAL ROAD, #01-01 LEW BUILDING, . U0 059301
Bd1 Investment Holding, Llc	10 percent owner	1675 SOUTH STATE STREET, SUITE B, DOVER DE 19901
Lucro Investments Vcc - Esg Opportunities Fund	10 percent owner	10 ANSON ROAD, #16-06 INTERNATIONAL PLAZA, SINGAPORE U0 079903
Jeffrey Max	officer: Chief Executive Officer	C/O ASCENT SOLAR TECHNOLOGIES, INC., 12300 GRANT STREET, THORNTON CO 80241
Michael J. French	director	C/O ASCENT SOLAR TECHNOLOGIES, INC., 12300 GRANT STREET, THORNTON CO 80241
Felix T. Mantke	director	C/O ASCENT SOLAR TECHNOLOGIES, INC., 12300 GRANT STREET, THORNTON CO 80241
Ag Tubesolar	10 percent owner	BERLINER ALLEE 65, AUGSBURG 2M 86153
Johannes Kuhn	10 percent owner	1675 SOUTH STATE STREET, SUITE B, DOVER DE 19901