LOBO (Lobo EV Technologies) Days Payable : 18.73 (As of Jun. 2024)

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What is Lobo EV Technologies Days Payable?

Lobo EV Technologies's average Accounts Payable for the six months ended in Jun. 2024 was $1.11 Mil. Lobo EV Technologies's Cost of Goods Sold for the six months ended in Jun. 2024 was $10.77 Mil. Hence, Lobo EV Technologies's Days Payable for the six months ended in Jun. 2024 was 18.73.

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

LOBO' s Days Payable Range Over the Past 10 Years
Min: 21.18 Med: 36.47 Max: 61.77
Current: 21.18

During the past 4 years, Lobo EV Technologies's highest Days Payable was 61.77. The lowest was 21.18. And the median was 36.47.

LOBO's Days Payable is ranked worse than
91.32% of 1279 companies
in the Vehicles & Parts industry
Industry Median: 65.28 vs LOBO: 21.18

Lobo EV Technologies's Days Payable declined from Jun. 2023 (33.55) to Jun. 2024 (18.73). It may suggest that Lobo EV Technologies accelerated paying its suppliers.

Lobo EV Technologies Days Payable Historical Data

The historical data trend for Lobo EV Technologies'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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Lobo EV Technologies Days Payable Chart

Lobo EV Technologies Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

61.77

35.45

31.76

37.48

Lobo EV Technologies Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial			44.01	27.74	33.55	24.46	18.73

Competitive Comparison of Lobo EV Technologies's Days Payable

For the Auto Manufacturers subindustry, Lobo EV Technologies'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.

Lobo EV Technologies's Days Payable Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Lobo EV Technologies's Days Payable falls into.

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Lobo EV Technologies 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.

Lobo EV Technologies'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
=	( (1.795	+	0.93)	/	2 )	/	13.267	*	365
=	1.3625					/	13.267	*	365
=	37.48

Lobo EV Technologies'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: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (0.93	+	1.281)	/	2 )	/	10.769	*	365 / 2
=	1.1055					/	10.769	*	365 / 2
=	18.73

Lobo EV Technologies Days Payable Related Terms

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Lobo EV Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Lobo EV Technologies Ltd (NAS:LOBO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18-17 Zhenze Road, Gemini Mansion B 901, i Park, Xinwu District, Jiangsu, Wuxi, CHN, 214111

Website

https://www.loboebike.com

Lobo EV Technologies Ltd is an electric vehicle manufacturer and seller company. It designs, develops, manufactures, and sells e-bicycles, e-mopeds, e-tricycles, and electric off-highway four-wheeled shuttles such as golf carts and mobility scooters for the elderly and disabled persons, also provides automobile information and entertainment software development and design services to customers. The company operates in two operating segments: Electric vehicles and accessories sales which generates key revenue, and software royalties and development and design services. It generates all of its revenue within the People's Republic of China.