VLCN (Volcon) Days Payable : 5.40 (As of Sep. 2024)

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What is Volcon Days Payable?

Volcon's average Accounts Payable for the three months ended in Sep. 2024 was $0.61 Mil. Volcon's Cost of Goods Sold for the three months ended in Sep. 2024 was $10.30 Mil. Hence, Volcon's Days Payable for the three months ended in Sep. 2024 was 5.40.

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

VLCN' s Days Payable Range Over the Past 10 Years
Min: 20.02 Med: 29.93 Max: 33.89
Current: 20.02

During the past 4 years, Volcon's highest Days Payable was 33.89. The lowest was 20.02. And the median was 29.93.

VLCN's Days Payable is ranked worse than
92.11% of 1280 companies
in the Vehicles & Parts industry
Industry Median: 65.29 vs VLCN: 20.02

Volcon's Days Payable declined from Sep. 2023 (53.15) to Sep. 2024 (5.40). It may suggest that Volcon accelerated paying its suppliers.

Volcon Days Payable Historical Data

The historical data trend for Volcon'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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Volcon Days Payable Chart

Volcon Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

26.66

33.89

29.93

Volcon Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial													53.15	31.23	32.52	18.86	5.40

Competitive Comparison of Volcon's Days Payable

For the Auto Manufacturers subindustry, Volcon'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.

Volcon's Days Payable Distribution in the Vehicles & Parts Industry

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

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

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Volcon 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.

Volcon'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
=	( (1.037	+	0.831)	/	2 )	/	11.391	*	365
=	0.934					/	11.391	*	365
=	29.93

Volcon's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0.962	+	0.256)	/	2 )	/	10.295	*	365 / 4
=	0.609					/	10.295	*	365 / 4
=	5.40

Volcon Days Payable Related Terms

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Volcon Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Volcon Inc (NAS:VLCN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3121 Eagles Nest Street, Suite 120, Round Rock, TX, USA, 78665

Website

https://www.volcon.com

Volcon Inc is an all-electric, off-road powersports vehicle company developing and building electric two and four-wheel motorcycles and utility terrain vehicles, also known as side-by-sides, along with a complete line of upgrades and accessories. The company's products include motorcycle and UTV products that are all-electric and designed for off-road use. The company has hundred and three dealers covering twenty eight states.

Executives

Melissa Coffey	officer: VP - Sales & Marketing	1702 PERSIMMON ROAD, CEDAR PARK TX 78613
Stephanie Michelle Davis	officer: Chief Operating Officer	504 OCONEE CIRCLE, EVANS GA 30809
Christian Okonsky	director, 10 percent owner, officer: Chief Technology Officer	C/O VOLCON, INC., 2590 OAKMONT DRIVE, SUITE 520, ROUND ROCK TX 78665
Adrian James	director, 10 percent owner	3736 BEE CAVES RD, SUITE 1-105, AUSTIN TX 78746
Jonathan P. Foster	director	2450 SOUTH SHORE BLVD., SUITE 402, LEAGUE CITY TX 77573
Greg Endo	officer: Chief Financial Officer	C/O VOLCON, INC., 2590 OAKMONT DRIVE, SUITE 520, ROUND ROCK TX 78665
Karin-joyce Tjon	director	C/O VOLCON, INC., 2590 OAKMONT DRIVE, SUITE 520, ROUND ROCK TX 78665
Jordan Don Davis	officer: Chief Executive Officer	C/O VOLCON, INC., 2590 OAKMONT DRIVE, SUITE 520, ROUND ROCK TX 78665
Kyoung John Kim	director	C/O VOLCON, INC., 2590 OAKMONT DRIVE, SUITE 520, ROUND ROCK TX 78665