FRZA (Forza X1) Days Payable : 2,193.80 (As of Sep. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Forza X1 Days Payable?

Forza X1's average Accounts Payable for the three months ended in Sep. 2024 was $0.29 Mil. Forza X1's Cost of Goods Sold for the three months ended in Sep. 2024 was $0.01 Mil. Hence, Forza X1's Days Payable for the three months ended in Sep. 2024 was 2,193.80.

The historical rank and industry rank for Forza X1's Days Payable or its related term are showing as below:

FRZA' s Days Payable Range Over the Past 10 Years
Min: 87.73 Med: 151.29 Max: 430.41
Current: 430.41

During the past 4 years, Forza X1's highest Days Payable was 430.41. The lowest was 87.73. And the median was 151.29.

FRZA's Days Payable is not ranked
in the Vehicles & Parts industry.
Industry Median: 65.075 vs FRZA: 430.41

Forza X1's Days Payable increased from Sep. 2023 (448.65) to Sep. 2024 (2,193.80). It may suggest that Forza X1 delayed paying its suppliers.

Forza X1 Days Payable Historical Data

The historical data trend for Forza X1'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.

* Premium members only.

Forza X1 Days Payable Chart

Forza X1 Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

87.73

214.84

Forza X1 Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial											448.65	102.66	184.02	909.12	2,193.80

Competitive Comparison of Forza X1's Days Payable

For the Recreational Vehicles subindustry, Forza X1'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.

Forza X1's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Forza X1's Days Payable distribution charts can be found below:

* The bar in red indicates where Forza X1's Days Payable falls into.

Save Embed

;

Save Embed

;

Forza X1 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.

Forza X1'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
=	( (0.099	+	0.087)	/	2 )	/	0.158	*	365
=	0.093					/	0.158	*	365
=	214.84

Forza X1's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0.504	+	0.073)	/	2 )	/	0.012	*	365 / 4
=	0.2885					/	0.012	*	365 / 4
=	2,193.80

Forza X1 Days Payable Related Terms

Thank you for viewing the detailed overview of Forza X1's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Forza X1 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Forza X1 Inc (OTCPK:FRZA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3101 S. US-1, Fort Pierce, FL, USA, 34982

Website

https://www.forzax1.com

Forza X1 Inc develops and manufactures fully electric, affordable boats with mass appeal. The company is focused on the creation, implementation, and sale of electric boats utilizing its electric vehicle (EV) technology to control and power its boats and proprietary outboard electric motor. its electric boats are being designed as fully integrated electric boats including the hull, outboard motor, and control system. Its initial two models, the FX1 Dual Console and FX1 Center Console are being designed to be 24 feet in length, have an 8' beam or width, and utilize a catamaran hull surface to reduce drag and increase run times.

Executives

Neil Ross	director	3101 S. US-1, FT. PIERCE FL 34982
Kevin Schuyler	director	1180 SEMINOLE TRAIL, SUITE 495, CHARLOTTESVILLE VA 22901
Joseph C Visconti	director, 10 percent owner, officer: EC and Chief of PD	525 SOUTH FLAGLER DRIVE #400, WEST PALM BEACH FL 33401
Carrie L. Gunnerson	officer: Interim CFO/Interim PAO	5556 HIGHWAY 9, ARMSTRONG IA 50514
Marcia Kull	director	3101 S. US-1, FT. PIERCE FL 34982
James Howard Leffew	director, officer: President and CEO	3101 S. US-1, FT. PIERCE FL 34928
Twin Vee Powercats, Inc.	10 percent owner	3101 SOUTH US HIGHWAY 1, FT PIERCE FL 34982
Twin Vee Powercats, Co.	10 percent owner	3101 S. FEDERAL HIGHWAY, FT. PIERCE FL 34982
Nicole Marie Camacho	officer: Chief Financial Officer	3101 S US-1, FT. PIERCE FL 34982