Odyne (ODYC) Days Payable: 76.94 (As of Sep. 2008)


What is Odyne Days Payable?

Odyne ODYC -99.00% Days Payable is 76.94 as of Sep. 2008.

Odyne's average Accounts Payable for the three months ended in Sep. 2008 was $0.33 Mil. Odyne's Cost of Goods Sold for the three months ended in Sep. 2008 was $0.39 Mil. Hence, Odyne's Days Payable for the three months ended in Sep. 2008 was 76.94.

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

ODYC's Days Payable is not ranked *
in the Vehicles & Parts industry.
Industry Median: 67.12
* Ranked among companies with meaningful Days Payable only.

Odyne's Days Payable declined from Sep. 2007 (112.28) to Sep. 2008 (76.94). It may suggest that Odyne accelerated paying its suppliers.

Odyne Days Payable Historical Data

* Premium members only.

The historical data trend for Odyne'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.

Odyne Days Payable Chart

Odyne Annual Data
Trend Jun05 Jun06 Dec07
Days Payable
0.00 0.00 81.95

Odyne Quarterly Data
Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08
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 112.28 75.00 78.39 45.20 76.94

ODYC vs CHGI, TNRG, TGTMF: Days Payable Comparison

For the Auto Parts subindustry, Odyne'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.

Odyne Days Payable vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Odyne's Days Payable distribution charts can be found below:

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


Odyne 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.

Odyne's Days Payable for the fiscal year that ended in Dec. 2007 is calculated as

Days Payable (A: Dec. 2007 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Jun. 2006 ) + Accounts Payable (A: Dec. 2007 )) / count ) / Cost of Goods Sold (A: Dec. 2007 )*Days in Period
=( (0 + 0.271) / 1 ) / 1.207*365
=0.271 / 1.207*365
=81.95

Odyne's Days Payable for the quarter that ended in Sep. 2008 is calculated as:

Days Payable (Q: Sep. 2008 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2008 ) + Accounts Payable (Q: Sep. 2008 )) / count ) / Cost of Goods Sold (Q: Sep. 2008 )*Days in Period
=( (0.345 + 0.311) / 2 ) / 0.389*365 / 4
=0.328 / 0.389*365 / 4
=76.94

* 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 76.94 mean?
Odyne (ODYC) has a Days Payable of 76.94 as of Sep. 2008. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Odyne and its competitors.
Is Odyne's Days Payable too high?
Odyne's current Days Payable is 76.94. The Vehicles & Parts industry median Days Payable is 67.12. Odyne's value of 76.94 is 14.6% above this industry median.
How does Odyne's Days Payable compare to CHGI and TNRG?
Odyne's Days Payable of 76.94 can be compared against companies in the Vehicles & Parts industry. The industry median Days Payable is 67.12. Odyne's value of 76.94 is 14.6% 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 Vehicles & Parts company?
The median Days Payable among Vehicles & Parts companies is 67.12, based on 1,313 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. Odyne's current Days Payable of 76.94 is 14.6% 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 Odyne and its competitors. For the Vehicles & Parts industry, the median Days Payable is 67.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Odyne's current Days Payable is 76.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Odyne stock overvalued right now?
Odyne (ODYC) has a current Days Payable of 76.94. The current Days Payable is 76.94 and 14.6% above the Vehicles & Parts industry median of 67.12. 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 Odyne (ODYC), the current Days Payable is 76.94 as of Sep. 2008. 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.

Odyne Business Description

Address 89 Cabot Court, Suite L, Hauppauge, NY, USA, 11788
Odyne Corp manufactures, develops, and sells hybrid systems for medium and heavy-duty work trucks. The company sells its modular system for new and retrofit applications direct to truck manufacturers and through a distribution and service network including Altec, Terex Utilities, and selected Allison Transmission distributors.