Nikola's average Accounts Payable for the
three
months ended in Dec. 2024 was MXN1,120 Mil. Nikola's Cost of Goods Sold for the
three
months ended in Dec. 2024 was MXN1,273 Mil.
Hence, Nikola's Days Payable for the
three
months ended in Dec. 2024 was 80.25.
The historical rank and industry rank for Nikola's Days Payable or its related term are showing as below:
MEX:NKLA's Days Payable is not ranked *
in the Farm & Heavy Construction Machinery industry.
Industry Median: 70.7 * Ranked among companies with meaningful Days Payable only.
Nikola's Days Payable
declined
from Dec. 2023 (86.38) to Dec. 2024 (80.25).
It may suggest that Nikolaaccelerated paying its suppliers.
Nikola Days Payable Related Terms
Nikola Days Payable Historical Data
* Premium members only.
The historical data trend for Nikola'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.
MEX:NKLA vs NMHI, GP, CAT: Days Payable Comparison
For the Farm & Heavy Construction Machinery subindustry, Nikola'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.
Nikola Days Payable vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Nikola's Days Payable distribution charts can be found below:
* The bar in red indicates where Nikola's Days Payable falls into.
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.
Nikola's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as
* 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.
Nikola (MEX:NKLA) has a Days Payable of 80.25 as of Dec. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Nikola and its competitors.
Is Nikola's Days Payable too high?
Nikola's current Days Payable is 80.25. The Farm & Heavy Construction Machinery industry median Days Payable is 70.70. Nikola's value of 80.25 is 13.5% above this industry median. Overall, Nikola has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Nikola's Days Payable compare to NMHI and GP?
Nikola's Days Payable of 80.25 can be compared against companies in the Farm & Heavy Construction Machinery industry. The industry median Days Payable is 70.70. Nikola's value of 80.25 is 13.5% 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 70.70, 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. Nikola's current Days Payable of 80.25 is 13.5% 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 Nikola and its competitors. For the Farm & Heavy Construction Machinery industry, the median Days Payable is 70.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nikola's current Days Payable is 80.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nikola stock overvalued right now?
Nikola (MEX:NKLA) has a current Days Payable of 80.25. The current Days Payable is 80.25 and 13.5% above the Farm & Heavy Construction Machinery industry median of 70.70. Nikola's 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 Nikola (MEX:NKLA), the current Days Payable is 80.25 as of Dec. 2024. 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.
Nikola Corp is a technology innovator and integrator, working to develop inventive energy and transportation solutions. It works on a business model that enables customers and fleets to integrate next-generation truck technology, hydrogen fueling and charging infrastructure, and related maintenance. It operates in two business units: Truck and Energy. The Truck business unit is engaged in manufacturing and selling FCEV and BEV trucks that provide environmentally friendly, cost-effective solutions to the trucking sector. The Energy business unit is engaged in developing and constructing a network of hydrogen fueling stations to meet the hydrogen fuel demand for the company's customers, as well as other third-party customers.
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