GWH.WS (ESS Tech) Days Payable : 60.05 (As of Sep. 2024)

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What is ESS Tech Days Payable?

ESS Tech's average Accounts Payable for the three months ended in Sep. 2024 was $8.39 Mil. ESS Tech's Cost of Goods Sold for the three months ended in Sep. 2024 was $12.74 Mil. Hence, ESS Tech's Days Payable for the three months ended in Sep. 2024 was 60.05.

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

GWH.WS' s Days Payable Range Over the Past 10 Years
Min: 40.73 Med: 51.57 Max: 51.57
Current: 40.73

During the past 4 years, ESS Tech's highest Days Payable was 51.57. The lowest was 40.73. And the median was 51.57.

GWH.WS's Days Payable is ranked worse than
77.96% of 2927 companies
in the Industrial Products industry
Industry Median: 76.17 vs GWH.WS: 40.73

ESS Tech's Days Payable increased from Sep. 2023 (27.02) to Sep. 2024 (60.05). It may suggest that ESS Tech delayed paying its suppliers.

ESS Tech Days Payable Historical Data

The historical data trend for ESS Tech'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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ESS Tech Days Payable Chart

ESS Tech Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

51.57

ESS Tech 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											27.02	26.31	23.23	33.95	60.05

Competitive Comparison of ESS Tech's Days Payable

For the Electrical Equipment & Parts subindustry, ESS Tech'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.

ESS Tech's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ESS Tech's Days Payable distribution charts can be found below:

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

ESS Tech 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.

ESS Tech'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
=	( (3.036	+	2.755)	/	2 )	/	20.495	*	365
=	2.8955					/	20.495	*	365
=	51.57

ESS Tech'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
=	( (5.833	+	10.937)	/	2 )	/	12.741	*	365 / 4
=	8.385					/	12.741	*	365 / 4
=	60.05

ESS Tech Days Payable Related Terms

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ESS Tech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ESS Tech Inc (NYSE:GWH.WS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GWH:USA

Address

26440 SW Parkway Avenue, Building 83, Wilsonville, OR, USA, 97070

Website

https://www.essinc.com

ESS Tech Inc is a long-duration energy storage company specializing in iron flow battery technology. The company design and produce long-duration batteries predominantly using earth-abundant materials.