Advent Technologies Holdings (Advent Technologies Holdings) Days Payable : 235.54 (As of Sep. 2023)

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What is Advent Technologies Holdings Days Payable?

Advent Technologies Holdings's average Accounts Payable for the three months ended in Sep. 2023 was $6.34 Mil. Advent Technologies Holdings's Cost of Goods Sold for the three months ended in Sep. 2023 was $2.46 Mil. Hence, Advent Technologies Holdings's Days Payable for the three months ended in Sep. 2023 was 235.54.

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

ADNWW' s Days Payable Range Over the Past 10 Years
Min: 193.03 Med: 202.41 Max: 321.68
Current: 232.07

During the past 4 years, Advent Technologies Holdings's highest Days Payable was 321.68. The lowest was 193.03. And the median was 202.41.

ADNWW's Days Payable is ranked better than
75.39% of 386 companies
in the Utilities - Independent Power Producers industry
Industry Median: 80.13 vs ADNWW: 232.07

Advent Technologies Holdings's Days Payable increased from Sep. 2022 (166.95) to Sep. 2023 (235.54). It may suggest that Advent Technologies Holdings delayed paying its suppliers.

Advent Technologies Holdings Days Payable Historical Data

The historical data trend for Advent Technologies 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.

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Advent Technologies Holdings Days Payable Chart

Advent Technologies Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Days Payable

321.68

193.03

202.41

Advent Technologies Holdings Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial										166.95	154.44	309.81	286.01	235.54

Competitive Comparison of Advent Technologies Holdings's Days Payable

For the Utilities - Renewable subindustry, Advent Technologies 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.

Advent Technologies Holdings's Days Payable Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Advent Technologies Holdings's Days Payable distribution charts can be found below:

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

Advent Technologies 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.

Advent Technologies Holdings's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (4.837	+	4.68)	/	2 )	/	8.581	*	365
=	4.7585					/	8.581	*	365
=	202.41

Advent Technologies Holdings's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (6.545	+	6.134)	/	2 )	/	2.456	*	365 / 4
=	6.3395					/	2.456	*	365 / 4
=	235.54

Advent Technologies Holdings Days Payable Related Terms

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Advent Technologies Holdings (Advent Technologies Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Advent Technologies Holdings Inc (NAS:ADNWW) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ADN:USA

Address

500 Rutherford Avenue, Suite 102, Boston, MA, USA, 02129

Website

https://www.advent.energy

Advent Technologies Holdings Inc is an innovation-driven company in the fuel cell and hydrogen technology space. The company develops, manufactures, and assembles complete fuel cell systems and the critical components that determine the performance of hydrogen fuel cells and other energy systems. It serves automotive; aviation and power generation industries. It generates revenue from the sale of fuel cell systems and the sale of MEAs, membranes, and electrodes for specific applications in the fuel cell and energy storage (flow battery) markets.