AQMS (Aqua Metals) Days Payable: 126.22 (As of Mar. 2026) — 63% Above Median


AQMS Aqua Metals Inc AQMS
25 GF Score
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What is Aqua Metals Days Payable?

Aqua Metals AQMS -0.51% 25 Days Payable is 126.22 as of Mar. 2026, which is 63% above its 10-year median of 77.50. GuruFocus rates AQMS with a GF Score™ of 25/100. The stock has 3 warning signs investors should review. Among 234 Waste Management companies, Aqua Metals ranks better than 67.52% on this metric.

Aqua Metals's average Accounts Payable for the three months ended in Mar. 2026 was $0.69 Mil. Aqua Metals's Cost of Goods Sold for the three months ended in Mar. 2026 was $0.50 Mil. Hence, Aqua Metals's Days Payable for the three months ended in Mar. 2026 was 126.22.

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

AQMS' s Days Payable Range Over the Past 10 Years
Min: 28.26   Med: 77.5   Max: 212.66
Current: 126.91

During the past 12 years, Aqua Metals's highest Days Payable was 212.66. The lowest was 28.26. And the median was 77.50.

AQMS's Days Payable is ranked better than
67.52% of 234 companies
in the Waste Management industry
Industry Median: 63.6 vs AQMS: 126.91

Aqua Metals's Days Payable declined from Mar. 2025 (126.98) to Mar. 2026 (126.22). It may suggest that Aqua Metals accelerated paying its suppliers.


Aqua Metals Days Payable Historical Data

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The historical data trend for Aqua Metals'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.

Aqua Metals Days Payable Chart

Aqua Metals Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 58.18 81.13 84.57 77.50 134.51

Aqua Metals Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial 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 126.98 99.54 128.56 174.37 126.22

AQMS vs AWX, OCLN, CDTG: Days Payable Comparison

For the Waste Management subindustry, Aqua Metals'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.


Aqua Metals Days Payable vs Waste Management Industry

For the Waste Management industry and Industrials sector, Aqua Metals's Days Payable distribution charts can be found below:

* The bar in red indicates where Aqua Metals's Days Payable falls into.


AQMS
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Aqua Metals Inc AQMS
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Aqua Metals 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.

Aqua Metals's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (1.227 + 0.547) / 2 ) / 2.407*365
=0.887 / 2.407*365
=134.51

Aqua Metals's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (0.547 + 0.839) / 2 ) / 0.501*365 / 4
=0.693 / 0.501*365 / 4
=126.22

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 126.22 mean?
Aqua Metals (AQMS) has a Days Payable of 126.22 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Aqua Metals and its competitors. This is 63% above median its historical median of 77.50. Over the past decade, Aqua Metals' Days Payable has ranged from 28.26 to 212.66. According to the industry distribution chart, Aqua Metals ranks #76 out of 234 companies in the Waste Management industry, placing it in the top 32.5%.
Is Aqua Metals' Days Payable too high?
Aqua Metals' current Days Payable of 126.22 is 63% above median its 10-year median of 77.50. Over the past 10 years, this metric has ranged from a low of 28.26 to a high of 212.66. The Waste Management industry median Days Payable is 63.60. Aqua Metals' value of 126.22 is 98.5% above this industry median. Based on the distribution chart, Aqua Metals ranks #76 out of 234 companies in the Waste Management industry, which is above the industry midpoint. Overall, Aqua Metals has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.
How does Aqua Metals' Days Payable compare to AWX and OCLN?
According to the Waste Management industry distribution chart, Aqua Metals ranks #76 out of 234 companies for Days Payable. This puts Aqua Metals in the upper half of its industry. The industry median Days Payable is 63.60. Aqua Metals' value of 126.22 is 98.5% above this benchmark. Historically, Aqua Metals' own Days Payable has ranged from 28.26 to 212.66 over the past decade. While the company's 10-year median is 77.50 vs. the industry median of 63.60, Aqua Metals has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Waste Management company?
The median Days Payable among Waste Management companies is 63.60, based on 234 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aqua Metals's current Days Payable of 126.22 is 98.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Aqua Metals and its competitors. For the Waste Management industry, the median Days Payable is 63.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aqua Metals's current Days Payable is 126.22, which is 63% above median its own 10-year median of 77.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aqua Metals stock overvalued right now?
Aqua Metals (AQMS) has a current Days Payable of 126.22. The current Days Payable is 126.22, which is 63% above median its 10-year median of 77.50 and 98.5% above the Waste Management industry median of 63.60. Aqua Metals' overall GF Score™ is 25/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Aqua Metals (AQMS), the current Days Payable is 126.22 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Aqua Metals Business Description

Other Exchanges 0HH6:UK
Address 5370 Kietzke Lane, Suite 201, Reno, NV, USA, 89511
Aqua Metals Inc is developing and seeking to commercialize proprietary recycling and refining technologies for the recovery of critical minerals and metals. Its patented and patent-pending AquaRefining process is an electro-hydrometallurgical method designed to recover high-purity materials from battery and other metal-bearing feedstocks using a closed-loop system powered by electricity. Its idea is to reduce CAPEX and OPEX costs, reduce emissions, hazardous waste, and reliance on conventional smelting and chemical-intensive refining processes. It has one operating segment: sustainable metals recycling. It focused on the development and commercialization of AquaRefining technology for the clean and efficient recovery of valuable metals from lead-acid and lithium-ion batteries.
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