ADOMANI (FRA:A9T) Days Payable: 21.78 (As of Mar. 2021) — 87% Below Median


What is ADOMANI Days Payable?

ADOMANI FRA:A9T Days Payable is 21.78 as of Mar. 2021, which is 87% below its 10-year median of 169.13. The stock has 7 warning signs investors should review.

ADOMANI's average Accounts Payable for the three months ended in Mar. 2021 was €0.06 Mil. ADOMANI's Cost of Goods Sold for the three months ended in Mar. 2021 was €0.26 Mil. Hence, ADOMANI's Days Payable for the three months ended in Mar. 2021 was 21.78.

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

FRA:A9T' s Days Payable Range Over the Past 10 Years
Min: 11.8   Med: 169.13   Max: 1825
Current: 279.93

During the past 9 years, ADOMANI's highest Days Payable was 1825.00. The lowest was 11.80. And the median was 169.13.

FRA:A9T's Days Payable is not ranked
in the Vehicles & Parts industry.
Industry Median: 67.035 vs FRA:A9T: 279.93

ADOMANI's Days Payable declined from Mar. 2020 (621.73) to Mar. 2021 (21.78). It may suggest that ADOMANI accelerated paying its suppliers.


ADOMANI Days Payable Historical Data

* Premium members only.

The historical data trend for ADOMANI'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.

ADOMANI Days Payable Chart

ADOMANI Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Days Payable
Get a 7-Day Free Trial Premium Member Only 411.60 56.78 13.87 11.81 280.71

ADOMANI Quarterly Data
Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 621.73 674.38 503.27 1,245.56 21.78

FRA:A9T vs ZXAIY, CTIB, FNHI: Days Payable Comparison

For the Auto Parts subindustry, ADOMANI'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.


ADOMANI Days Payable vs Vehicles & Parts Industry

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

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



ADOMANI 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.

ADOMANI's Days Payable for the fiscal year that ended in Dec. 2020 is calculated as

Days Payable (A: Dec. 2020 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2019 ) + Accounts Payable (A: Dec. 2020 )) / count ) / Cost of Goods Sold (A: Dec. 2020 )*Days in Period
=( (0.376 + 0.007) / 2 ) / 0.249*365
=0.1915 / 0.249*365
=280.71

ADOMANI's Days Payable for the quarter that ended in Mar. 2021 is calculated as:

Days Payable (Q: Mar. 2021 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2020 ) + Accounts Payable (Q: Mar. 2021 )) / count ) / Cost of Goods Sold (Q: Mar. 2021 )*Days in Period
=( (0.007 + 0.119) / 2 ) / 0.264*365 / 4
=0.063 / 0.264*365 / 4
=21.78

* 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 21.78 mean?
ADOMANI (FRA:A9T) has a Days Payable of 21.78 as of Mar. 2021. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on ADOMANI and its competitors. This is 87% below median its historical median of 169.13. Over the past decade, ADOMANI's Days Payable has ranged from 11.80 to 1,825.00.
Is ADOMANI's Days Payable too high?
ADOMANI's current Days Payable of 21.78 is 87% below median its 10-year median of 169.13. Over the past 10 years, this metric has ranged from a low of 11.80 to a high of 1,825.00. The Vehicles & Parts industry median Days Payable is 67.04. ADOMANI's value of 21.78 is 67.5% below this industry median.
How does ADOMANI's Days Payable compare to ZXAIY and CTIB?
ADOMANI's Days Payable of 21.78 can be compared against companies in the Vehicles & Parts industry. The industry median Days Payable is 67.04. ADOMANI's value of 21.78 is 67.5% below this benchmark. Historically, ADOMANI's own Days Payable has ranged from 11.80 to 1,825.00 over the past decade. While the company's 10-year median is 169.13 vs. the industry median of 67.04, ADOMANI has consistently been below the industry average. 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 67.04, based on 1,308 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. ADOMANI's current Days Payable of 21.78 is 67.5% below 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 ADOMANI and its competitors. For the Vehicles & Parts industry, the median Days Payable is 67.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ADOMANI's current Days Payable is 21.78, which is 87% below median its own 10-year median of 169.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ADOMANI stock overvalued right now?
ADOMANI (FRA:A9T) has a current Days Payable of 21.78. The current Days Payable is 21.78, which is 87% below median its 10-year median of 169.13 and 67.5% below the Vehicles & Parts industry median of 67.04. 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 ADOMANI (FRA:A9T), the current Days Payable is 21.78 as of Mar. 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.

ADOMANI Business Description

Address 1215 Graphite Drive, Corona, CA, USA, 92881
Envirotech Vehicles Inc designs zero-emission electric and hybrid drivetrain systems for integration in new school buses and medium to heavy-duty commercial fleet vehicles. The company also designs patented re-power conversion kits to replace conventional drivetrain systems for combustion powered vehicles with zero-emission electric or hybrid drivetrain systems. Its product range includes Cab Over Engine Trucks and Shuttle Bus Fleets.