CanooGOEWQ 23 Days Payable is 41,505.06 as of Sep. 2024, which is 354% above its 10-year median of 9,132.60. GuruFocus rates GOEWQ with a GF Score™ of 23/100. The stock has 6 warning signs investors should review.
Canoo's average Accounts Payable for the
three
months ended in Sep. 2024 was $77.32 Mil. Canoo's Cost of Goods Sold for the
three
months ended in Sep. 2024 was $0.17 Mil.
Hence, Canoo's Days Payable for the
three
months ended in Sep. 2024 was 41,505.06.
The historical rank and industry rank for Canoo's Days Payable or its related term are showing as below:
GOEWQ'
s Days Payable Range Over the Past 10 Years
Min: 5312.38 Med: 9132.6 Max: 12952.81
Current: 7659.56
During the past 5 years, Canoo's highest Days Payable was 12952.81. The lowest was 5312.38. And the median was 9132.60.
GOEWQ's Days Payable is not ranked
in the Vehicles & Parts industry.
Industry Median: 67.035
vs GOEWQ: 7659.56
Canoo's Days Payable
increased
from Sep. 2023 (8,208.96) to Sep. 2024 (41,505.06).
It may suggest that Canoodelayed paying its suppliers.
Canoo Days Payable Related Terms
Canoo Days Payable Historical Data
* Premium members only.
The historical data trend for Canoo'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.
For the Auto Manufacturers subindustry, Canoo'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.
Canoo Days Payable vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Canoo's Days Payable distribution charts can be found below:
* The bar in red indicates where Canoo's Days Payable falls into.
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.
Canoo's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Canoo (GOEWQ) has a Days Payable of 41,505.06 as of Sep. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Canoo and its competitors. This is 354% above median its historical median of 9,132.60. Over the past decade, Canoo's Days Payable has ranged from 5,312.38 to 12,952.81.
Is Canoo's Days Payable too high?
Canoo's current Days Payable of 41,505.06 is 354% above median its 10-year median of 9,132.60. Over the past 10 years, this metric has ranged from a low of 5,312.38 to a high of 12,952.81. The Vehicles & Parts industry median Days Payable is 67.04. Canoo's value of 41,505.06 is 61815.5% above this industry median. Overall, Canoo has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Canoo's Days Payable compare to DMN and EVTV?
Canoo's Days Payable of 41,505.06 can be compared against companies in the Vehicles & Parts industry. The industry median Days Payable is 67.04. Canoo's value of 41,505.06 is 61815.5% above this benchmark. Historically, Canoo's own Days Payable has ranged from 5,312.38 to 12,952.81 over the past decade. While the company's 10-year median is 9,132.60 vs. the industry median of 67.04, Canoo has consistently been above 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. Canoo's current Days Payable of 41,505.06 is 61815.5% 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 Canoo 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. Canoo's current Days Payable is 41,505.06, which is 354% above median its own 10-year median of 9,132.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canoo stock overvalued right now?
Canoo (GOEWQ) has a current Days Payable of 41,505.06. The current Days Payable is 41,505.06, which is 354% above median its 10-year median of 9,132.60 and 61815.5% above the Vehicles & Parts industry median of 67.04. Canoo's overall GF Score™ is 23/100 with 6 warning signs to review. 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 Canoo (GOEWQ), the current Days Payable is 41,505.06 as of Sep. 2024. 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.
Canoo Inc is a mobility technology company providing with a proprietary modular electric vehicle platform and connected services initially focused on commercial fleet, government and military customers. The Company has developed a breakthrough EV platform that it believes will enable it to rapidly iterate and bring new products, addressing multiple use cases, to market faster than competition and at lower cost.
23GF Score
Get the complete analysis for GOEWQ
Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
GOEWQ has been successfully added to your 
