Invinity Energy Systems (LSE:IES) Days Payable : 35.44 (As of Jun. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Invinity Energy Systems Days Payable?

Invinity Energy Systems's average Accounts Payable for the six months ended in Jun. 2023 was £3.52 Mil. Invinity Energy Systems's Cost of Goods Sold for the six months ended in Jun. 2023 was £18.14 Mil. Hence, Invinity Energy Systems's Days Payable for the six months ended in Jun. 2023 was 35.44.

The historical rank and industry rank for Invinity Energy Systems's Days Payable or its related term are showing as below:

LSE:IES' s Days Payable Range Over the Past 10 Years
Min: 54.62 Med: 98.89 Max: 498.39
Current: 65.15

During the past 5 years, Invinity Energy Systems's highest Days Payable was 498.39. The lowest was 54.62. And the median was 98.89.

LSE:IES's Days Payable is ranked worse than
54.22% of 391 companies
in the Utilities - Independent Power Producers industry
Industry Median: 76.22 vs LSE:IES: 65.15

Invinity Energy Systems's Days Payable declined from Jun. 2022 (92.76) to Jun. 2023 (35.44). It may suggest that Invinity Energy Systems accelerated paying its suppliers.

Invinity Energy Systems Days Payable Historical Data

The historical data trend for Invinity Energy Systems'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.

* Premium members only.

Invinity Energy Systems Days Payable Chart

Invinity Energy Systems Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

84.94

498.39

98.89

54.62

323.60

Invinity Energy Systems Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial					279.54	51.37	92.76	-	35.44

Competitive Comparison of Invinity Energy Systems's Days Payable

For the Utilities - Renewable subindustry, Invinity Energy Systems'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.

Invinity Energy Systems's Days Payable Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Invinity Energy Systems's Days Payable distribution charts can be found below:

* The bar in red indicates where Invinity Energy Systems's Days Payable falls into.

Invinity Energy Systems 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.

Invinity Energy Systems's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (1.484	+	3.706)	/	2 )	/	2.927	*	365
=	2.595					/	2.927	*	365
=	323.60

Invinity Energy Systems's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (3.706	+	3.341)	/	2 )	/	18.143	*	365 / 2
=	3.5235					/	18.143	*	365 / 2
=	35.44

Invinity Energy Systems Days Payable Related Terms

Thank you for viewing the detailed overview of Invinity Energy Systems's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Invinity Energy Systems (LSE:IES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Invinity Energy Systems PLC (LSE:IES) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

IESVF:USA IES.GB:UK J4Q5:Germany

Address

Castle Street, 3rd Floor, IFC5, St. Helier, JEY, JE2 3BY

Website

https://www.invinity.com

Invinity Energy Systems PLC operates in the manufacturing of vanadium flow battery systems and their related installation and other services. Its vanadium flow batteries are a form of heavy-duty, stationary energy storage, used in high-utilization applications such as being coupled with industrial-scale solar generation for distributed, low-carbon energy projects. The company's flow battery systems are ideal for commercial and industrial sites, grid network infrastructure projects, and off-grid applications, either standalone or alongside renewable energy such as solar PV. It generates the majority of its revenue from the sale of Battery systems and associated control systems. Its geographical segments are the United Kingdom, Asia, the United States, and Others.

Invinity Energy Systems (LSE:IES) Headlines

No Headlines