ECD Automotive Design (ECD Automotive Design) Days Payable : 16.53 (As of Sep. 2023)

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What is ECD Automotive Design Days Payable?

ECD Automotive Design's average Accounts Payable for the three months ended in Sep. 2023 was $0.73 Mil. ECD Automotive Design's Cost of Goods Sold for the three months ended in Sep. 2023 was $4.01 Mil. Hence, ECD Automotive Design's Days Payable for the three months ended in Sep. 2023 was 16.53.

The historical rank and industry rank for ECD Automotive Design's Days Payable or its related term are showing as below:

ECDA' s Days Payable Range Over the Past 10 Years
Min: 10.55 Med: 12.78 Max: 22.99
Current: 22.99

During the past 3 years, ECD Automotive Design's highest Days Payable was 22.99. The lowest was 10.55. And the median was 12.78.

ECDA's Days Payable is ranked worse than
90.99% of 1265 companies
in the Vehicles & Parts industry
Industry Median: 66.62 vs ECDA: 22.99

ECD Automotive Design's Days Payable increased from Jun. 2022 (0.00) to Sep. 2023 (16.53). It may suggest that ECD Automotive Design delayed paying its suppliers.

ECD Automotive Design Days Payable Historical Data

The historical data trend for ECD Automotive Design'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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ECD Automotive Design Days Payable Chart

ECD Automotive Design Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

10.55

12.78

21.08

ECD Automotive Design Quarterly Data
	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial			-	15.04	15.49	16.53	-

Competitive Comparison of ECD Automotive Design's Days Payable

For the Auto Manufacturers subindustry, ECD Automotive Design'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.

ECD Automotive Design's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, ECD Automotive Design's Days Payable distribution charts can be found below:

* The bar in red indicates where ECD Automotive Design's Days Payable falls into.

ECD Automotive Design 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.

ECD Automotive Design'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
=	( (0.487	+	0.769)	/	2 )	/	10.875	*	365
=	0.628					/	10.875	*	365
=	21.08

ECD Automotive Design'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
=	( (0.575	+	0.879)	/	2 )	/	4.014	*	365 / 4
=	0.727					/	4.014	*	365 / 4
=	16.53

ECD Automotive Design Days Payable Related Terms

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ECD Automotive Design (ECD Automotive Design) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ECD Automotive Design Inc (NAS:ECDA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

4930 Industrial Lane, Unit 107, Kissimmee, FL, USA, 34758

Website

https://www.ecdautodesign.com

ECD Automotive Design Inc is engaged in the production and sale of Land Rover vehicles. The company has established a facility geared towards producing the most customized Land Rovers with the highest quality of parts and the highest quality labor force building each vehicle. ECD restores Land Rovers Defenders, Land Rover Series IIA, the Range Rover Classic and the Jaguar E-Type. Each vehicle produced by ECD is fully bespoke, a one-off that is designed by the client through an immersive luxury design experience and hand-built from the ground up in two thousand two hundred hours by master-certified Automotive Service Excellence craftsmen.

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