Loop Energy (TSX:LPEN) Days Payable : 169.14 (As of Dec. 2023)

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What is Loop Energy Days Payable?

Loop Energy's average Accounts Payable for the three months ended in Dec. 2023 was C$2.32 Mil. Loop Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was C$1.25 Mil. Hence, Loop Energy's Days Payable for the three months ended in Dec. 2023 was 169.14.

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

TSX:LPEN' s Days Payable Range Over the Past 10 Years
Min: 64.36 Med: 73.73 Max: 127.95
Current: 84.47

During the past 7 years, Loop Energy's highest Days Payable was 127.95. The lowest was 64.36. And the median was 73.73.

TSX:LPEN's Days Payable is ranked better than
55.36% of 2930 companies
in the Industrial Products industry
Industry Median: 76.24 vs TSX:LPEN: 84.47

Loop Energy's Days Payable increased from Dec. 2022 (82.57) to Dec. 2023 (169.14). It may suggest that Loop Energy delayed paying its suppliers.

Loop Energy Days Payable Historical Data

The historical data trend for Loop Energy'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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Loop Energy Days Payable Chart

Loop Energy Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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127.95

64.36

73.73

Loop Energy Quarterly Data
	Dec17	Dec18	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															82.57	73.46	103.23	63.50	169.14

Competitive Comparison of Loop Energy's Days Payable

For the Electrical Equipment & Parts subindustry, Loop Energy'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.

Loop Energy's Days Payable Distribution in the Industrial Products Industry

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

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

Loop Energy 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.

Loop Energy'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
=	( (2.745	+	2.199)	/	2 )	/	12.237	*	365
=	2.472					/	12.237	*	365
=	73.73

Loop Energy'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
=	( (2.435	+	2.199)	/	2 )	/	1.25	*	365 / 4
=	2.317					/	1.25	*	365 / 4
=	169.14

Loop Energy Days Payable Related Terms

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Loop Energy (TSX:LPEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Loop Energy Inc (TSX:LPEN) » Definitions » Days Payable

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LPENF:USA

Address

2880 Production Way, Burnaby, BC, CAN, V5A 4T6

Website

https://www.loopenergy.com

Loop Energy Inc is a developer, manufacturer, and supplier of hydrogen fuel cells to vehicle and power generation system manufacturers. It sells and services two categories of products: fuel cell stacks and fuel cell modules, which serve a variety of commercial applications including light commercial vehicles, transit buses, medium and heavy-duty trucks, marine, train, mining trucks, material handling vehicles, and stationary power.

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