NKLA (Nikola) Days Payable : 59.03 (As of Sep. 2024)

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What is Nikola Days Payable?

Nikola's average Accounts Payable for the three months ended in Sep. 2024 was $56.36 Mil. Nikola's Cost of Goods Sold for the three months ended in Sep. 2024 was $87.12 Mil. Hence, Nikola's Days Payable for the three months ended in Sep. 2024 was 59.03.

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

NKLA' s Days Payable Range Over the Past 10 Years
Min: 63.51 Med: 3564.45 Max: 87389.62
Current: 63.51

During the past 6 years, Nikola's highest Days Payable was 87389.62. The lowest was 63.51. And the median was 3564.45.

NKLA's Days Payable is ranked worse than
57.69% of 208 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 74.425 vs NKLA: 63.51

Nikola's Days Payable increased from Sep. 2023 (34.86) to Sep. 2024 (59.03). It may suggest that Nikola delayed paying its suppliers.

Nikola Days Payable Historical Data

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.

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Nikola Days Payable Chart

Nikola Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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6,886.51

87,389.62

242.39

100.32

Nikola Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															34.86	85.20	62.43	53.27	59.03

Competitive Comparison of Nikola's Days Payable

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's Days Payable Distribution in the 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.

Nikola 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.

Nikola'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
=	( (93.242	+	44.133)	/	2 )	/	249.906	*	365
=	68.6875					/	249.906	*	365
=	100.32

Nikola's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (55.559	+	57.161)	/	2 )	/	87.124	*	365 / 4
=	56.36					/	87.124	*	365 / 4
=	59.03

Nikola Days Payable Related Terms

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

Nikola Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Nikola Corp (NAS:NKLA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NKLA:Mexico 1NKLA:Italy 0A3R:UK 8NI0:Germany NKL2:Austria

Address

4141 East Broadway Road, Phoenix, AZ, USA, 85040

Website

https://www.nikolamotor.com

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 and Energy business unit. The Truck business unit is engaged 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 hydrogen fuel demand for the Company's customers.

Executives

Mary S Chan	officer: Chief Operating Officer	C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE, BOCA RATON FL 33487
Stephen J Girsky	director, 10 percent owner, officer: President and CEO	300 RENAISSANCE CENTER, M/C: 482-C25-A36, DETROIT MI 48265-3000
Joseph R. Pike	officer: Chief Human Resources Officer	4141 E BROADWAY ROAD, PHOENIX AZ 85040
Britton M. Worthen	officer: Chief Legal Officer	4141 E BROADWAY ROAD, PHOENIX AZ 85040
Joseph S. Cappello	officer: President of Energy	13001 BAY PARK ROAD, PASADENA TX 77507
Anastasiya Pasterick	officer: Chief Financial Officer	4141 E BROADWAY ROAD, PHOENIX AZ 85040
John C Vesco	director	4141 E BROADWAY ROAD, PHOENIX AZ 85040
Michael Lohscheller	officer: President, Nikola Motor Div.	4141 E BROADWAY ROAD, PHONEIX AZ 85040
Carey Mendes	officer: President, Energy	4141 E BROADWAY ROAD, PHOENIX AZ 85040
Mark A Russell	director, 10 percent owner, officer: President and CEO	200 OLD WILSON BRIDGE ROAD, COLUMBUS OH 43085
Andrew Vesey	director	4300 WILSON BOULEVARD, ARLINGTON VA 22203
Trevor R. Milton	director, 10 percent owner, officer: Executive Chairman	4141 E BROADWAY ROAD, PHOENIX AZ 85040
Lynn Forester	director	C/O ESTEE LAUDER COMPANIES INC, 767 FIFTH AVENUE, NEW YORK NY 10153
Pablo M. Koziner	officer: President, Nikola Energy	4141 E BROADWAY ROAD, PHOENIX AZ 85040
Mary L Petrovich	director