GKIT (Greenkraft) Days Payable: 348.67 (As of Sep. 2019)


What is Greenkraft Days Payable?

Greenkraft GKIT Days Payable is 348.67 as of Sep. 2019.

Greenkraft's average Accounts Payable for the three months ended in Sep. 2019 was $0.36 Mil. Greenkraft's Cost of Goods Sold for the three months ended in Sep. 2019 was $0.10 Mil. Hence, Greenkraft's Days Payable for the three months ended in Sep. 2019 was 348.67.

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

GKIT's Days Payable is not ranked *
in the Vehicles & Parts industry.
Industry Median: 67.02
* Ranked among companies with meaningful Days Payable only.

Greenkraft's Days Payable declined from Sep. 2018 (3,170.94) to Sep. 2019 (348.67). It may suggest that Greenkraft accelerated paying its suppliers.

Greenkraft Days Payable Historical Data

* Premium members only.

The historical data trend for Greenkraft'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.

Greenkraft Days Payable Chart

Greenkraft Annual Data
Trend Apr09 Apr10 Apr11 Apr12 Apr13 Dec14 Dec15 Dec16 Dec17 Dec18
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.26 32.33 779.87 258.84 186.64

Greenkraft Quarterly Data
Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
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 3,170.94 164.66 104.56 333.57 348.67

GKIT vs TSLA, GM, F: Days Payable Comparison

For the Auto Manufacturers subindustry, Greenkraft'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.

Greenkraft Days Payable vs Vehicles & Parts Industry

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

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


Greenkraft 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.

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

Days Payable (A: Dec. 2018 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2017 ) + Accounts Payable (A: Dec. 2018 )) / count ) / Cost of Goods Sold (A: Dec. 2018 )*Days in Period
=( (0.153 + 0.253) / 2 ) / 0.397*365
=0.203 / 0.397*365
=186.64

Greenkraft's Days Payable for the quarter that ended in Sep. 2019 is calculated as:

Days Payable (Q: Sep. 2019 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2019 ) + Accounts Payable (Q: Sep. 2019 )) / count ) / Cost of Goods Sold (Q: Sep. 2019 )*Days in Period
=( (0.361 + 0.365) / 2 ) / 0.095*365 / 4
=0.363 / 0.095*365 / 4
=348.67

* 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 348.67 mean?
Greenkraft (GKIT) has a Days Payable of 348.67 as of Sep. 2019. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Greenkraft and its competitors.
Is Greenkraft's Days Payable too high?
Greenkraft's current Days Payable is 348.67. The Vehicles & Parts industry median Days Payable is 67.02. Greenkraft's value of 348.67 is 420.2% above this industry median.
How does Greenkraft's Days Payable compare to TSLA and GM?
Greenkraft's Days Payable of 348.67 can be compared against companies in the Vehicles & Parts industry. The industry median Days Payable is 67.02. Greenkraft's value of 348.67 is 420.2% 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 67.02, 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. Greenkraft's current Days Payable of 348.67 is 420.2% 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 Greenkraft and its competitors. For the Vehicles & Parts industry, the median Days Payable is 67.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Greenkraft's current Days Payable is 348.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Greenkraft stock overvalued right now?
Greenkraft (GKIT) has a current Days Payable of 348.67. The current Days Payable is 348.67 and 420.2% above the Vehicles & Parts industry median of 67.02. 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 Greenkraft (GKIT), the current Days Payable is 348.67 as of Sep. 2019. 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.

Greenkraft Business Description

Address 2530 South Birch Street, Santa Ana, CA, USA, 92707
Greenkraft Inc is a manufacturer and distributor of automotive products. The company manufactures commercial forward-cabin trucks for vehicles in alternative fuels and electric vehicles. The company also manufactures and sells alternative fuel engines. Its products include Commercial trucks, Vans, Alternative fuel systems, and others.