Nuvve Holding (Nuvve Holding) Days Payable : 284.42 (As of Mar. 2024)

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What is Nuvve Holding Days Payable?

Nuvve Holding's average Accounts Payable for the three months ended in Mar. 2024 was $1.59 Mil. Nuvve Holding's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.51 Mil. Hence, Nuvve Holding's Days Payable for the three months ended in Mar. 2024 was 284.42.

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

NVVEW' s Days Payable Range Over the Past 10 Years
Min: 97.08 Med: 573.04 Max: 2073.7
Current: 97.08

During the past 4 years, Nuvve Holding's highest Days Payable was 2073.70. The lowest was 97.08. And the median was 573.04.

NVVEW's Days Payable is ranked better than
73.66% of 1082 companies
in the Retail - Cyclical industry
Industry Median: 55.985 vs NVVEW: 97.08

Nuvve Holding's Days Payable increased from Mar. 2023 (148.46) to Mar. 2024 (284.42). It may suggest that Nuvve Holding delayed paying its suppliers.

Nuvve Holding Days Payable Historical Data

The historical data trend for Nuvve Holding'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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Nuvve Holding Days Payable Chart

Nuvve Holding Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

2,073.70

792.59

353.48

106.77

Nuvve Holding Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial												148.46	73.90	47.15	131.99	284.42

Competitive Comparison of Nuvve Holding's Days Payable

For the Specialty Retail subindustry, Nuvve Holding'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.

Nuvve Holding's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Nuvve Holding's Days Payable distribution charts can be found below:

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

Nuvve Holding 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.

Nuvve Holding'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
=	( (2.39	+	1.694)	/	2 )	/	6.981	*	365
=	2.042					/	6.981	*	365
=	106.77

Nuvve Holding's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1.694	+	1.479)	/	2 )	/	0.509	*	365 / 4
=	1.5865					/	0.509	*	365 / 4
=	284.42

Nuvve Holding Days Payable Related Terms

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Nuvve Holding (Nuvve Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Nuvve Holding Corp (NAS:NVVEW) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NVVE:USA

Address

2488 Historic Decatur Road, Suite 200, San Diego, CA, USA, 92106

Website

https://www.nuvve.com

Nuvve Holding Corp is accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) technology. It helps to support the integration of renewable energy sources, including solar and wind. Its Grid Integrated Vehicle (GIV) platform is refueling the next generation of electric vehicle fleets through bidirectional charging solutions.