TURB (Turbo Energy) Days Payable : 63.13 (As of Jun. 2024)

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What is Turbo Energy Days Payable?

Turbo Energy's average Accounts Payable for the six months ended in Jun. 2024 was $1.90 Mil. Turbo Energy's Cost of Goods Sold for the six months ended in Jun. 2024 was $5.51 Mil. Hence, Turbo Energy's Days Payable for the six months ended in Jun. 2024 was 63.13.

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

TURB' s Days Payable Range Over the Past 10 Years
Min: 34.97 Med: 64.57 Max: 65.51
Current: 61.25

During the past 3 years, Turbo Energy's highest Days Payable was 65.51. The lowest was 34.97. And the median was 64.57.

TURB's Days Payable is ranked better than
58.87% of 987 companies
in the Semiconductors industry
Industry Median: 52.34 vs TURB: 61.25

Turbo Energy's Days Payable declined from Jun. 2023 (67.61) to Jun. 2024 (63.13). It may suggest that Turbo Energy accelerated paying its suppliers.

Turbo Energy Days Payable Historical Data

The historical data trend for Turbo Energy'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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Turbo Energy Days Payable Chart

Turbo Energy Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

65.50

36.19

63.52

Turbo Energy Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial			43.45	30.28	67.61	59.47	63.13

Competitive Comparison of Turbo Energy's Days Payable

For the Solar subindustry, Turbo Energy'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.

Turbo Energy's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Turbo Energy's Days Payable distribution charts can be found below:

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

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Turbo Energy 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.

Turbo Energy'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
=	( (2.556	+	2.015)	/	2 )	/	13.134	*	365
=	2.2855					/	13.134	*	365
=	63.52

Turbo Energy's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (2.015	+	1.794)	/	2 )	/	5.506	*	365 / 2
=	1.9045					/	5.506	*	365 / 2
=	63.13

Turbo Energy Days Payable Related Terms

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Turbo Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Turbo Energy SA (NAS:TURB) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

X8WA:Germany

Address

Isabel la Catolica Street, 8, Offices 50-51, Valencia, ESP, 46004

Website

https://www.turbo-e.com

Turbo Energy SA is a company that specializes in designing, developing, and distributing equipment for the generation, management, and storage of photovoltaic energy. The company's primary activities include acquiring, distributing, and selling electrical and electronic materials for renewable energy projects, such as solar panels, inverters, chargers, regulators, batteries, and structures. The storage products are managed through a software system optimized by artificial intelligence, which is controlled from the cloud and through the installation inverter. Turbo Energy sells inverters, batteries, and photovoltaic modules to installers and other distributors for residential consumers in Spain.