Kraken Robotics (Kraken Robotics) Days Payable : 87.13 (As of Dec. 2023)

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What is Kraken Robotics Days Payable?

Kraken Robotics's average Accounts Payable for the three months ended in Dec. 2023 was $11.60 Mil. Kraken Robotics's Cost of Goods Sold for the three months ended in Dec. 2023 was $12.14 Mil. Hence, Kraken Robotics's Days Payable for the three months ended in Dec. 2023 was 87.13.

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

KRKNF' s Days Payable Range Over the Past 10 Years
Min: 119.22 Med: 195.95 Max: 487.2
Current: 124.92

During the past 13 years, Kraken Robotics's highest Days Payable was 487.20. The lowest was 119.22. And the median was 195.95.

KRKNF's Days Payable is ranked better than
79.05% of 2420 companies
in the Hardware industry
Industry Median: 67.93 vs KRKNF: 124.92

Kraken Robotics's Days Payable declined from Dec. 2022 (216.68) to Dec. 2023 (87.13). It may suggest that Kraken Robotics accelerated paying its suppliers.

Kraken Robotics Days Payable Historical Data

The historical data trend for Kraken Robotics'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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Kraken Robotics Days Payable Chart

Kraken Robotics Annual Data

Trend

Sep14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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118.41

232.54

195.92

172.32

144.67

Kraken Robotics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															216.68	311.94	140.68	101.52	87.13

Competitive Comparison of Kraken Robotics's Days Payable

For the Scientific & Technical Instruments subindustry, Kraken Robotics'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.

Kraken Robotics's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Kraken Robotics's Days Payable distribution charts can be found below:

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

Kraken Robotics 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.

Kraken Robotics'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
=	( (8.259	+	12.791)	/	2 )	/	26.554	*	365
=	10.525					/	26.554	*	365
=	144.67

Kraken Robotics's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (10.401	+	12.791)	/	2 )	/	12.144	*	365 / 4
=	11.596					/	12.144	*	365 / 4
=	87.13

Kraken Robotics Days Payable Related Terms

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Kraken Robotics (Kraken Robotics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Kraken Robotics Inc (OTCPK:KRKNF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

2KQ:Germany PNG:Canada

Address

189 Glencoe Drive, Mount Pearl, NL, CAN, A1N 4P6

Website

https://www.krakenrobotics.com

Kraken Robotics Inc is a Canadian company engaged in the design, manufacture and sale of software-centric sensors and underwater robotic systems. It operates in the business segments of Sensors and Platforms which is the design, manufacture, and sale and provision of services for underwater sonar and laser scanner sensor equipment and underwater vehicle platform; and Power which is the design, manufacture, and sale of subsea power equipment such as drives, thrusters, and batteries. A majority of the revenue is derived from the Sensors and Platforms segment. Geographically, the group generates revenue from Canada, the United States, Europe and other countries.

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