Mullen Automotive (STU:1N5) Days Payable : 66,438.30 (As of Jun. 2024)

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What is Mullen Automotive Days Payable?

Mullen Automotive's average Accounts Payable for the three months ended in Jun. 2024 was €24.03 Mil. Mullen Automotive's Cost of Goods Sold for the three months ended in Jun. 2024 was €0.03 Mil. Hence, Mullen Automotive's Days Payable for the three months ended in Jun. 2024 was 66,438.30.

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

STU:1N5' s Days Payable Range Over the Past 10 Years
Min: 12844.94 Med: 12844.94 Max: 91737.32
Current: 91737.32

During the past 5 years, Mullen Automotive's highest Days Payable was 91737.32. The lowest was 12844.94. And the median was 12844.94.

STU:1N5's Days Payable is ranked better than
99.92% of 1277 companies
in the Vehicles & Parts industry
Industry Median: 65.91 vs STU:1N5: 91737.32

Mullen Automotive's Days Payable increased from Jun. 2023 (5,019.74) to Jun. 2024 (66,438.30). It may suggest that Mullen Automotive delayed paying its suppliers.

Mullen Automotive Days Payable Historical Data

The historical data trend for Mullen Automotive'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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Mullen Automotive Days Payable Chart

Mullen Automotive Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

13,148.52

Mullen Automotive Quarterly Data
	Sep19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial													5,019.74	47,215.92	-	133,297.24	66,438.30

Competitive Comparison of Mullen Automotive's Days Payable

For the Auto Manufacturers subindustry, Mullen Automotive'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.

Mullen Automotive's Days Payable Distribution in the Vehicles & Parts Industry

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

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

Mullen Automotive 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.

Mullen Automotive's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (6.17	+	12.346)	/	2 )	/	0.257	*	365
=	9.258					/	0.257	*	365
=	13,148.52

Mullen Automotive's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (20.883	+	27.171)	/	2 )	/	0.033	*	365 / 4
=	24.027					/	0.033	*	365 / 4
=	66,438.30

Mullen Automotive Days Payable Related Terms

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Mullen Automotive Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Mullen Automotive Inc (STU:1N5) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MULN:USA

Address

1405 Pioneer Street, Brea, CA, USA, 92821

Website

https://www.mullenusa.com

Mullen Automotive Inc is engaged in manufacturing electric vehicles and energy solutions. The company strives to make electric vehicles more accessible by building an end-to-end ecosystem that takes care of all aspects of electric vehicle ownership. The Company owns and partners with several synergistic businesses, all working towards the same goal of creating clean and scalable electric vehicles and energy solutions. The company has two segments Bollinger and Mullen/ELMS, which generates revenue.

Mullen Automotive Headlines

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