Shift Technologies (STU:4GI0) Days Payable: 23.64 (As of Jun. 2023)

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STU:4GI0 Shift Technologies Inc STU:4GI0
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What is Shift Technologies Days Payable?

Shift Technologies STU:4GI0 10 Days Payable is 23.64 as of Jun. 2023. GuruFocus rates STU:4GI0 with a GF Score™ of 10/100.

Shift Technologies's average Accounts Payable for the three months ended in Jun. 2023 was €10.6 Mil. Shift Technologies's Cost of Goods Sold for the three months ended in Jun. 2023 was €40.7 Mil. Hence, Shift Technologies's Days Payable for the three months ended in Jun. 2023 was 23.64.

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

STU:4GI0's Days Payable is not ranked *
in the Vehicles & Parts industry.
Industry Median: 65.84
* Ranked among companies with meaningful Days Payable only.

Shift Technologies's Days Payable increased from Jun. 2022 (8.31) to Jun. 2023 (23.64). It may suggest that Shift Technologies delayed paying its suppliers.


Shift Technologies Days Payable Historical Data

* Premium members only.

The historical data trend for Shift Technologies'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.

Shift Technologies Days Payable Chart

Shift Technologies Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Days Payable
4.27 12.76 7.79 7.44

Shift Technologies Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
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 Premium Member Only Premium Member Only 8.31 9.26 16.62 23.73 23.64

STU:4GI0 vs PREC, EICCF, JZXN: Days Payable Comparison

For the Auto & Truck Dealerships subindustry, Shift Technologies'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.


Shift Technologies Days Payable vs Vehicles & Parts Industry

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

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


STU:4GI0
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Shift Technologies Inc STU:4GI0
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Shift Technologies 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.

Shift Technologies's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

Days Payable (A: Dec. 2022 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2021 ) + Accounts Payable (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (13.43 + 11.408) / 2 ) / 609.277*365
=12.419 / 609.277*365
=7.44

Shift Technologies's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

Days Payable (Q: Jun. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2023 ) + Accounts Payable (Q: Jun. 2023 )) / count ) / Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=( (13.338 + 7.774) / 2 ) / 40.747*365 / 4
=10.556 / 40.747*365 / 4
=23.64

* 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 23.64 mean?
Shift Technologies (STU:4GI0) has a Days Payable of 23.64 as of Jun. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Shift Technologies and its competitors.
Is Shift Technologies' Days Payable too high?
Shift Technologies' current Days Payable is 23.64. The Vehicles & Parts industry median Days Payable is 65.84. Shift Technologies' value of 23.64 is 64.1% below this industry median. Overall, Shift Technologies has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Shift Technologies' Days Payable compare to PREC and EICCF?
Shift Technologies' Days Payable of 23.64 can be compared against companies in the Vehicles & Parts industry. The industry median Days Payable is 65.84. Shift Technologies' value of 23.64 is 64.1% below 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 65.84, based on 1,309 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. Shift Technologies's current Days Payable of 23.64 is 64.1% below 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 Shift Technologies and its competitors. For the Vehicles & Parts industry, the median Days Payable is 65.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shift Technologies's current Days Payable is 23.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shift Technologies stock overvalued right now?
Shift Technologies (STU:4GI0) has a current Days Payable of 23.64. The current Days Payable is 23.64 and 64.1% below the Vehicles & Parts industry median of 65.84. Shift Technologies' overall GF Score™ is 10/100. 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 Shift Technologies (STU:4GI0), the current Days Payable is 23.64 as of Jun. 2023. 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.

Shift Technologies Business Description

Address 290 Division Street, Suite 400, San Francisco, CA, USA, 94103-4893
Shift Technologies Inc is an end-to-end auto e-commerce platform transforming the used car industry with a technology-driven, hassle-free customer experience. The company makes car purchase and ownership simple - making buying or selling a used car fun, fair, and accessible to everyone. It provides comprehensive, digital solutions throughout the car ownership lifecycle: finding the right car, having a test drive , a seamless digitally-driven purchase transaction including financing and vehicle protection products, an efficient, digital trade-in/sale transaction, and a vision to provide high-value support services during car ownership. It operates in two segments: Retail and Wholesale, of which the majority of its revenue comes from Retail.
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