Ideanomics (LTS:0A4F) Days Payable: 1,199.02 (As of Dec. 2023)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LTS:0A4F Ideanomics Inc LTS:0A4F
12 GF Score
Price $0.00
View Full Analysis

What is Ideanomics Days Payable?

Ideanomics LTS:0A4F 12 Days Payable is 1,199.02 as of Dec. 2023. GuruFocus rates LTS:0A4F with a GF Score™ of 12/100.

Ideanomics's average Accounts Payable for the three months ended in Dec. 2023 was $55.74 Mil. Ideanomics's Cost of Goods Sold for the three months ended in Dec. 2023 was $4.24 Mil. Hence, Ideanomics's Days Payable for the three months ended in Dec. 2023 was 1,199.02.

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

LTS:0A4F's Days Payable is not ranked *
in the Farm & Heavy Construction Machinery industry.
Industry Median: 68.13
* Ranked among companies with meaningful Days Payable only.

Ideanomics's Days Payable increased from Dec. 2022 (623.65) to Dec. 2023 (1,199.02). It may suggest that Ideanomics delayed paying its suppliers.

Ideanomics Days Payable Historical Data

* Premium members only.

The historical data trend for Ideanomics'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.

Ideanomics Days Payable Chart

Ideanomics Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,834.51 62.33 23.56 260.20 807.73

Ideanomics 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 623.65 339.48 702.18 2,455.91 1,199.02

LTS:0A4F vs CAT, DE, PCAR: Days Payable Comparison

For the Farm & Heavy Construction Machinery subindustry, Ideanomics'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.

Ideanomics Days Payable vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Ideanomics's Days Payable distribution charts can be found below:

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


LTS:0A4F
12GF Score
Ideanomics Inc LTS:0A4F
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ideanomics 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.

Ideanomics'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
=( (25.224 + 55.208) / 2 ) / 18.173*365
=40.216 / 18.173*365
=807.73

Ideanomics'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
=( (56.271 + 55.208) / 2 ) / 4.242*365 / 4
=55.7395 / 4.242*365 / 4
=1,199.02

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 1,199.02 mean?
Ideanomics (LTS:0A4F) has a Days Payable of 1,199.02 as of Dec. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Ideanomics and its competitors.
Is Ideanomics' Days Payable too high?
Ideanomics' current Days Payable is 1,199.02. The Farm & Heavy Construction Machinery industry median Days Payable is 68.13. Ideanomics' value of 1,199.02 is 1659.9% above this industry median. Overall, Ideanomics has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Ideanomics' Days Payable compare to CAT and DE?
Ideanomics' Days Payable of 1,199.02 can be compared against companies in the Farm & Heavy Construction Machinery industry. The industry median Days Payable is 68.13. Ideanomics' value of 1,199.02 is 1659.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Farm & Heavy Construction Machinery company?
The median Days Payable among Farm & Heavy Construction Machinery companies is 68.13, based on 209 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ideanomics's current Days Payable of 1,199.02 is 1659.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Ideanomics and its competitors. For the Farm & Heavy Construction Machinery industry, the median Days Payable is 68.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ideanomics's current Days Payable is 1,199.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ideanomics stock overvalued right now?
Ideanomics (LTS:0A4F) has a current Days Payable of 1,199.02. The current Days Payable is 1,199.02 and 1659.9% above the Farm & Heavy Construction Machinery industry median of 68.13. Ideanomics' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Ideanomics (LTS:0A4F), the current Days Payable is 1,199.02 as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Ideanomics Business Description

Address 1441 Broadway, Suite 5116, New York, NY, USA, 10018
Ideanomics Inc is an American multinational company engaged in accelerating the commercial adoption of electric vehicles. The company conducts its operations in one segment with three business units; Ideanomics Mobility's focus is electric vehicles, including mid and last-mile delivery trucks and vans, tractors, and two-wheelers. There are five operating companies within the Ideanomics Mobility business unit: VIA, Energica, Solectrac, United States Hybrid, and Tree Technologies, Ideanomics Energy's focus is charging and energy-related products and services, and Ideanomics Capital's focus is providing financing support for the Company's Mobility and Energy business units. Geographically, the company operates in North America, Asia, and Europe.
12GF Score

Get the complete analysis for LTS:0A4F

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.00
Price