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Elevate Credit Days Payable

: 83.90 (As of Mar. 2021)
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Elevate Credit's average Accounts Payable for the three months ended in Mar. 2021 was $25.2 Mil. Elevate Credit's Cost of Goods Sold for the three months ended in Mar. 2021 was $27.4 Mil. Hence, Elevate Credit's Days Payable for the three months ended in Mar. 2021 was 83.90.

NYSE:ELVT' s Days Payable Range Over the Past 10 Years
Min: 10.17   Med: 12.44   Max: 67.73
Current: 67.73

10.17
67.73

During the past 8 years, Elevate Credit's highest Days Payable was 67.73. The lowest was 10.17. And the median was 12.44.

NYSE:ELVT's Days Payable is ranked higher than
55% of the 256 Companies
in the Credit Services industry.

( Industry Median: 53.54 vs. NYSE:ELVT: 67.73 )

Elevate Credit's Days Payable increased from Mar. 2020 (25.62) to Mar. 2021 (83.90). It may suggest that Elevate Credit delayed paying its suppliers.


Elevate Credit Days Payable Historical Data

* 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.

Elevate Credit Annual Data
Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Days Payable Premium Member Only Premium Member Only Premium Member Only 11.05 10.17 12.57 10.61 12.31

Elevate Credit Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
Days Payable 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 Premium Member Only Premium Member Only Premium Member Only 25.62 69.95 67.17 37.67 83.90

Competitive Comparison
* 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.


Elevate Credit Days Payable Distribution

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



Elevate Credit 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.

Elevate Credit's Days Payable for the fiscal year that ended in Dec. 2020 is calculated as

Days Payable (A: Dec. 2020 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2019 ) + Accounts Payable (A: Dec. 2020 )) / count ) / Cost of Goods Sold (A: Dec. 2020 )*Days in Period
=( (10.604 + 7.568) / 2 ) / 269.419*365
=9.086 / 269.419*365
=12.31

Elevate Credit's Days Payable for the quarter that ended in Mar. 2021 is calculated as:

Days Payable (Q: Mar. 2021 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2020 ) + Accounts Payable (Q: Mar. 2021 )) / count ) / Cost of Goods Sold (Q: Mar. 2021 )*Days in Period
=( (7.568 + 42.816) / 2 ) / 27.4*365 / 4
=25.192 / 27.4*365 / 4
=83.90

* 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.


Elevate Credit Days Payable Related Terms


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