Soluna Holdings (Soluna Holdings) Days Payable : 39.92 (As of Dec. 2023)

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What is Soluna Holdings Days Payable?

Soluna Holdings's average Accounts Payable for the three months ended in Dec. 2023 was $2.55 Mil. Soluna Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $5.83 Mil. Hence, Soluna Holdings's Days Payable for the three months ended in Dec. 2023 was 39.92.

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

SLNH' s Days Payable Range Over the Past 10 Years
Min: 18.5 Med: 34.6 Max: 181.15
Current: 72.1

During the past 13 years, Soluna Holdings's highest Days Payable was 181.15. The lowest was 18.50. And the median was 34.60.

SLNH's Days Payable is ranked worse than
53.9% of 525 companies
in the Capital Markets industry
Industry Median: 94.73 vs SLNH: 72.10

Soluna Holdings's Days Payable declined from Dec. 2022 (53.10) to Dec. 2023 (39.92). It may suggest that Soluna Holdings accelerated paying its suppliers.

Soluna Holdings Days Payable Historical Data

The historical data trend for Soluna 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.

* Premium members only.

Soluna Holdings Days Payable Chart

Soluna Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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44.28

181.15

71.24

32.52

65.11

Soluna Holdings Quarterly Data
	Sep17	Dec17	Mar18	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															53.10	107.16	129.41	63.97	39.92

Competitive Comparison of Soluna Holdings's Days Payable

For the Capital Markets subindustry, Soluna 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.

Soluna Holdings's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Soluna Holdings's Days Payable distribution charts can be found below:

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

Soluna 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.

Soluna Holdings'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
=	( (3.548	+	2.099)	/	2 )	/	15.829	*	365
=	2.8235					/	15.829	*	365
=	65.11

Soluna Holdings'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
=	( (3.005	+	2.099)	/	2 )	/	5.833	*	365 / 4
=	2.552					/	5.833	*	365 / 4
=	39.92

Soluna Holdings Days Payable Related Terms

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Soluna Holdings (Soluna Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Soluna Holdings Inc (NAS:SLNH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

325 Washington Avenue Extension, Albany, NY, USA, 12205

Website

https://www.solunacomputing.com

Soluna Holdings Inc, is a U.S based company that conducts operations through its subsidiary. The group is engaged in the mining of cryptocurrency through data centers that can be powered by renewable energy sources. The data centers buy every excess megawatt to use for batch-oriented, computing-intensive processes such as cryptocurrency mining or machine learning which is a low-risk and low-friction solution to use as a smartphone.

Executives

Jessica L. Thomas	officer: CFO	325 WASHINGTON AVENUE EXTENSION, ALBANY NY 12205
John Belizaire	director, officer: CEO & Pres. of EcoChain Inc.	325 WASHINGTON AVENUE EXTENSION, ALBANY NY 12205
Patman Philip F Jr	officer: Chief Financial Officer	9800 RICHMOND AVE, SUITE 700, HOUSTON TX 77042
William Hazelip	director	C/O MECHANICAL TECHNOLOGY, INC., 325 WASHINGTON AVENUE EXTENSION, ALBANY NY 12205
John Bottomley	director	325 WASHINGTON AVENUE EXTENSION, ALBANY NY 12205
Mary Jennifer Oreilly	officer: Chief People Officer	325 WASHINGTON AVENUE EXTENSION, ALBANY NY 12205
William P Phelan	director	C/O MECHANICAL TECHNOLOGY INC, 325 WASHINGTON AVENUE EXTENSION, ALBANY NY 12205
Michael Toporek	director, other: See Explanation of Responses	C/O MECHANICAL TECHNOLOGY, INCORPORATED, 325 WASHINGTON AVENUE EXTENSION, ALBANY NY 12205
Matthew E. Lipman	director, other: See Explanation of Responses	C/O MECHANICAL TECHNOLOGY, INCORPORATED, 325 WASHINGTON AVENUE EXTENSION, ALBANY NY 12205
David C Michaels	director	C/O MECHANICAL TECHNOLOGY INCORPORATED, 325 WASHINGTON AVENUE EXTENSION, ALBANY NY 12205
Alykhan Madhavji	director	325 WASHINGTON AVENUE EXTENSION, ALBANY NY 12205
Moshe Binyamin	officer: President-MTI Instruments, Inc	325 WASHINGTON AVENUE EXTENSION, ALBANY NY 12205
Frederick W. Jones	officer: CHIEF FINANCIAL OFFICER	C/O MECHANICAL TECHNOLOGY INC, 325 WASHINGTON AVENUE EXTENSION, ALBANY NY 12205
Thomas J Marusak	director	C/O MECHANICAL TECHNOLOGY INC, 325 WASHINGTON AVENUE EXTENSION, ALBANY NY 12205
Edward R Hirshfield	director, 10 percent owner	122 E.42ND STREET SUITE 4305, NEW YORK NY 10168