Elektros (Elektros) Days Payable : 4.77 (As of Nov. 2018)

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What is Elektros Days Payable?

Elektros's average Accounts Payable for the three months ended in Nov. 2018 was $0.08 Mil. Elektros's Cost of Goods Sold for the three months ended in Nov. 2018 was $1.62 Mil. Hence, Elektros's Days Payable for the three months ended in Nov. 2018 was 4.77.

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

ELEK's Days Payable is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 66.62
* Ranked among companies with meaningful Days Payable only.

Elektros's Days Payable declined from Nov. 2017 (168.02) to Nov. 2018 (4.77). It may suggest that Elektros accelerated paying its suppliers.

Elektros Days Payable Historical Data

The historical data trend for Elektros'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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Elektros Days Payable Chart

Elektros Annual Data

Trend

Apr12

May13

May14

May15

May16

May17

May18

Days Payable

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36.27

170.95

73.46

Elektros Quarterly Data
	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18
Days Payable	Get a 7-Day Free Trial															168.02	112.35	56.38	31.04	4.77

Competitive Comparison of Elektros's Days Payable

For the Auto Manufacturers subindustry, Elektros'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.

Elektros's Days Payable Distribution in the Vehicles & Parts Industry

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

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

Elektros 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.

Elektros's Days Payable for the fiscal year that ended in May. 2018 is calculated as

	Days Payable (A: May. 2018 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: May. 2017 )	+	Accounts Payable (A: May. 2018 ))	/	count )	/	Cost of Goods Sold (A: May. 2018 )	*	Days in Period
=	( (0.499	+	1.05)	/	2 )	/	3.848	*	365
=	0.7745					/	3.848	*	365
=	73.46

Elektros's Days Payable for the quarter that ended in Nov. 2018 is calculated as:

	Days Payable (Q: Nov. 2018 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Aug. 2018 )	+	Accounts Payable (Q: Nov. 2018 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2018 )	*	Days in Period
=	( (0.084	+	0.085)	/	2 )	/	1.616	*	365 / 4
=	0.0845					/	1.616	*	365 / 4
=	4.77

Elektros Days Payable Related Terms

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