Fly-E Group (Fly-E Group) Days Payable : 15.20 (As of Dec. 2023)

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What is Fly-E Group Days Payable?

Fly-E Group's average Accounts Payable for the three months ended in Dec. 2023 was $0.74 Mil. Fly-E Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $4.46 Mil. Hence, Fly-E Group's Days Payable for the three months ended in Dec. 2023 was 15.20.

The historical rank and industry rank for Fly-E Group's Days Payable or its related term are showing as below:

FLYE' s Days Payable Range Over the Past 10 Years
Min: 14.64 Med: 28.16 Max: 28.16
Current: 14.64

During the past 2 years, Fly-E Group's highest Days Payable was 28.16. The lowest was 14.64. And the median was 28.16.

FLYE's Days Payable is ranked worse than
94.32% of 1267 companies
in the Vehicles & Parts industry
Industry Median: 66.62 vs FLYE: 14.64

Fly-E Group's Days Payable increased from Dec. 2022 (0.00) to Dec. 2023 (15.20). It may suggest that Fly-E Group delayed paying its suppliers.

Fly-E Group Days Payable Historical Data

The historical data trend for Fly-E Group'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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Fly-E Group Days Payable Chart

Fly-E Group Annual Data

Trend

Mar22

Mar23

Days Payable

28.15

28.16

Fly-E Group Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial			-	25.68	12.73	8.46	15.20

Competitive Comparison of Fly-E Group's Days Payable

For the Auto Manufacturers subindustry, Fly-E Group'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.

Fly-E Group's Days Payable Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Fly-E Group's Days Payable falls into.

Fly-E Group 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.

Fly-E Group's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (1.076	+	1.005)	/	2 )	/	13.485	*	365
=	1.0405					/	13.485	*	365
=	28.16

Fly-E Group'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.505	+	0.979)	/	2 )	/	4.455	*	365 / 4
=	0.742					/	4.455	*	365 / 4
=	15.20

Fly-E Group Days Payable Related Terms

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Fly-E Group (Fly-E Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Fly-E Group Inc (NAS:FLYE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

Fly-E Group Inc is an electric vehicle company that is principally engaged in designing, installing and selling smart electric motorcycles, electric bikes, electric scooters and related accessories under the brand Fly E-Bike. They also provide connectivity solutions and value-added services to their customers.

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