Forsee Power (CHIX:FORSEP) Days Payable : 49.33 (As of Dec. 2023)

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What is Forsee Power Days Payable?

Forsee Power's average Accounts Payable for the six months ended in Dec. 2023 was €18.8 Mil. Forsee Power's Cost of Goods Sold for the six months ended in Dec. 2023 was €69.4 Mil. Hence, Forsee Power's Days Payable for the six months ended in Dec. 2023 was 49.33.

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

CHIX:FORSEp' s Days Payable Range Over the Past 10 Years
Min: 54.13 Med: 115.21 Max: 173.13
Current: 54.13

During the past 7 years, Forsee Power's highest Days Payable was 173.13. The lowest was 54.13. And the median was 115.21.

CHIX:FORSEp's Days Payable is ranked worse than
66.29% of 2928 companies
in the Industrial Products industry
Industry Median: 76.585 vs CHIX:FORSEp: 54.13

Forsee Power's Days Payable declined from Dec. 2022 (67.91) to Dec. 2023 (49.33). It may suggest that Forsee Power accelerated paying its suppliers.

Forsee Power Days Payable Historical Data

The historical data trend for Forsee Power'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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Forsee Power Days Payable Chart

Forsee Power Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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130.84

115.21

67.59

71.53

61.56

Forsee Power Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial						79.18	67.47	67.91	51.66	49.33

Competitive Comparison of Forsee Power's Days Payable

For the Electrical Equipment & Parts subindustry, Forsee Power'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.

Forsee Power's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Forsee Power's Days Payable falls into.

Forsee Power 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.

Forsee Power'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
=	( (20.152	+	23.588)	/	2 )	/	129.665	*	365
=	21.87					/	129.665	*	365
=	61.56

Forsee Power'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (13.948	+	23.588)	/	2 )	/	69.429	*	365 / 2
=	18.768					/	69.429	*	365 / 2
=	49.33

Forsee Power Days Payable Related Terms

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Forsee Power (CHIX:FORSEP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Forsee Power SA (CHIX:FORSEp) » Definitions » Days Payable

Traded in Other Exchanges

FORSE:France 4OY:Germany

Address

1 boulevard Hippolyte Marques, Ivry-sur-Seine, FRA, 94 200

Website

https://www.forseepower.com

Forsee Power SA is engaged in the designing and manufacturing of smart lithium-ion battery systems for the electromobility markets.

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