ELMSQ (Electric Last Mile Solutions) Days Payable: 5,050.42 (As of Sep. 2021)


What is Electric Last Mile Solutions Days Payable?

Electric Last Mile Solutions ELMSQ +47.20% Days Payable is 5,050.42 as of Sep. 2021.

Electric Last Mile Solutions's average Accounts Payable for the three months ended in Sep. 2021 was $7.42 Mil. Electric Last Mile Solutions's Cost of Goods Sold for the three months ended in Sep. 2021 was $0.13 Mil. Hence, Electric Last Mile Solutions's Days Payable for the three months ended in Sep. 2021 was 5,050.42.

The historical rank and industry rank for Electric Last Mile Solutions's Days Payable or its related term are showing as below:

ELMSQ's Days Payable is not ranked *
in the Vehicles & Parts industry.
Industry Median: 67.05
* Ranked among companies with meaningful Days Payable only.

Electric Last Mile Solutions's Days Payable increased from . 20 (0.00) to Sep. 2021 (5,050.42). It may suggest that Electric Last Mile Solutions delayed paying its suppliers.

Electric Last Mile Solutions Days Payable Historical Data

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The historical data trend for Electric Last Mile Solutions'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.

Electric Last Mile Solutions Days Payable Chart

Electric Last Mile Solutions Annual Data
Trend
Days Payable

Electric Last Mile Solutions Quarterly Data
Jun21 Sep21
Days Payable 0.00 5,050.42

ELMSQ vs EVTV, AYRO, VLCN: Days Payable Comparison

For the Auto Manufacturers subindustry, Electric Last Mile Solutions'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.

Electric Last Mile Solutions Days Payable vs Vehicles & Parts Industry

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

* The bar in red indicates where Electric Last Mile Solutions's Days Payable falls into.


Electric Last Mile Solutions 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.

Electric Last Mile Solutions's Days Payable for the fiscal year that ended in . 20 is calculated as

Days Payable (A: . 20 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: . 20 ) + Accounts Payable (A: . 20 )) / count ) / Cost of Goods Sold (A: . 20 )*Days in Period
=( ( + ) / 1 ) / *365
=0 / *365
=N/A

Electric Last Mile Solutions's Days Payable for the quarter that ended in Sep. 2021 is calculated as:

Days Payable (Q: Sep. 2021 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2021 ) + Accounts Payable (Q: Sep. 2021 )) / count ) / Cost of Goods Sold (Q: Sep. 2021 )*Days in Period
=( (7.076 + 7.757) / 2 ) / 0.134*365 / 4
=7.4165 / 0.134*365 / 4
=5,050.42

* 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 5,050.42 mean?
Electric Last Mile Solutions (ELMSQ) has a Days Payable of 5,050.42 as of Sep. 2021. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Electric Last Mile Solutions and its competitors.
Is Electric Last Mile Solutions' Days Payable too high?
Electric Last Mile Solutions' current Days Payable is 5,050.42. The Vehicles & Parts industry median Days Payable is 67.05. Electric Last Mile Solutions' value of 5,050.42 is 7432.3% above this industry median.
How does Electric Last Mile Solutions' Days Payable compare to EVTV and AYRO?
Electric Last Mile Solutions' Days Payable of 5,050.42 can be compared against companies in the Vehicles & Parts industry. The industry median Days Payable is 67.05. Electric Last Mile Solutions' value of 5,050.42 is 7432.3% above this benchmark. 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 Vehicles & Parts company?
The median Days Payable among Vehicles & Parts companies is 67.05, based on 1,311 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. Electric Last Mile Solutions's current Days Payable of 5,050.42 is 7432.3% 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 Electric Last Mile Solutions and its competitors. For the Vehicles & Parts industry, the median Days Payable is 67.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Electric Last Mile Solutions's current Days Payable is 5,050.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Electric Last Mile Solutions stock overvalued right now?
Electric Last Mile Solutions (ELMSQ) has a current Days Payable of 5,050.42. The current Days Payable is 5,050.42 and 7432.3% above the Vehicles & Parts industry median of 67.05. 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 Electric Last Mile Solutions (ELMSQ), the current Days Payable is 5,050.42 as of Sep. 2021. 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.

Electric Last Mile Solutions Business Description

Address 1055 West Square Lake Road, Troy, MI, USA, 48098
Electric Last Mile Solutions Inc is focused on redefining the last mile with efficient, connected, and customizable solutions. Its first vehicle, the Urban Delivery, is anticipated to be the first Class 1 commercial electric vehicle in the U.S. market.