Renewable Innovations (Renewable Innovations) Days Payable : 119.90 (As of Feb. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Renewable Innovations Days Payable?

Renewable Innovations's average Accounts Payable for the three months ended in Feb. 2023 was $0.78 Mil. Renewable Innovations's Cost of Goods Sold for the three months ended in Feb. 2023 was $0.59 Mil. Hence, Renewable Innovations's Days Payable for the three months ended in Feb. 2023 was 119.90.

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

REII's Days Payable is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 66.62
* Ranked among companies with meaningful Days Payable only.

Renewable Innovations's Days Payable increased from Feb. 2022 (62.43) to Feb. 2023 (119.90). It may suggest that Renewable Innovations delayed paying its suppliers.

Renewable Innovations Days Payable Historical Data

The historical data trend for Renewable Innovations'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.

* Premium members only.

Renewable Innovations Days Payable Chart

Renewable Innovations Annual Data

Trend

Nov20

Nov21

Nov22

Days Payable

10,048.24

11,112.22

Renewable Innovations Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23
Days Payable	Get a 7-Day Free Trial								62.43	-	-	14,326.25	119.90

Competitive Comparison of Renewable Innovations's Days Payable

For the Auto Parts subindustry, Renewable Innovations'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.

Renewable Innovations's Days Payable Distribution in the Vehicles & Parts Industry

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

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

Renewable Innovations 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.

Renewable Innovations's Days Payable for the fiscal year that ended in Nov. 2022 is calculated as

	Days Payable (A: Nov. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Nov. 2021 )	+	Accounts Payable (A: Nov. 2022 ))	/	count )	/	Cost of Goods Sold (A: Nov. 2022 )	*	Days in Period
=	( (0.468	+	0.628)	/	2 )	/	0.018	*	365
=	0.548					/	0.018	*	365
=	11,112.22

Renewable Innovations's Days Payable for the quarter that ended in Feb. 2023 is calculated as:

	Days Payable (Q: Feb. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2022 )	+	Accounts Payable (Q: Feb. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2023 )	*	Days in Period
=	( (0.628	+	0.933)	/	2 )	/	0.594	*	365 / 4
=	0.7805					/	0.594	*	365 / 4
=	119.90

Renewable Innovations Days Payable Related Terms

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

Renewable Innovations (Renewable Innovations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Renewable Innovations Inc (OTCPK:REII) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

588 West 400 South, Suite 110, Lindon, UT, USA, 84042

Website

https://www.renewable-innovations.com

Renewable Innovations Inc is a clean, hydrogen fuel cell energy systems company. It imagines, designs, and builds hydrogen-powered systems to bring green, clean solutions across industries, particularly the EV charging market. It offers Hydrogen Fuel Cell (HFC) scalable backup and primary power systems; Mobile and transportable HFC-powered EV Rapid Charge systems for the Electric Vehicle market to help close the Grid Gap, hydrogen transport and refueling vehicle, and Greenhouse Grids to power communities.

Executives

Lynn Bagley Barney	director, 10 percent owner, officer: CFO, Sec, Director	1851 FAIRWAY LANE, DRAPER UT 84020
Robert L. Mount	director, 10 percent owner, officer: CEO, Pres, Director	752 N. MERIDIAN DRIVE, SARATOGA SPRINGS UT 84045
William Donald Mcleod	director, officer: President	129 COUNTRY PLACE COURT, COLUMBIA SC 29212
Thomas Michael Grbelja	officer: Treasurer and Secretary	151 BIRCH ROAD, FRANKLIN LAKES NJ 07417
Alex Aliksanyan	director, officer: Chief Executive Officer	C/O NEXT 1 INTERACTIVE, INC., 2690 WESTON ROAD, SUITE 200, WESTON FL 33331