ZEVY (Lightning eMotors) Days Payable: 13.33 (As of Sep. 2023)


ZEVY Lightning eMotors Inc ZEVY
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What is Lightning eMotors Days Payable?

Lightning eMotors ZEVY 12 Days Payable is 13.33 as of Sep. 2023. GuruFocus rates ZEVY with a GF Score™ of 12/100.

Lightning eMotors's average Accounts Payable for the three months ended in Sep. 2023 was $6.67 Mil. Lightning eMotors's Cost of Goods Sold for the three months ended in Sep. 2023 was $45.69 Mil. Hence, Lightning eMotors's Days Payable for the three months ended in Sep. 2023 was 13.33.

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

ZEVY's Days Payable is not ranked *
in the Farm & Heavy Construction Machinery industry.
Industry Median: 70.7
* Ranked among companies with meaningful Days Payable only.

Lightning eMotors's Days Payable declined from Sep. 2022 (60.51) to Sep. 2023 (13.33). It may suggest that Lightning eMotors accelerated paying its suppliers.

Lightning eMotors Days Payable Historical Data

* Premium members only.

The historical data trend for Lightning eMotors'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.

Lightning eMotors Days Payable Chart

Lightning eMotors Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Days Payable
99.76 61.83 59.83 70.39

Lightning eMotors Quarterly Data
Dec19 Mar20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 60.51 100.93 73.82 54.62 13.33

ZEVY vs AMMX, CEAD, ARTW: Days Payable Comparison

For the Farm & Heavy Construction Machinery subindustry, Lightning eMotors'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.

Lightning eMotors Days Payable vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Lightning eMotors's Days Payable distribution charts can be found below:

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


ZEVY
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Lightning eMotors Inc ZEVY
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Lightning eMotors 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.

Lightning eMotors'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
=( (6.021 + 7.961) / 2 ) / 36.251*365
=6.991 / 36.251*365
=70.39

Lightning eMotors's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

Days Payable (Q: Sep. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2023 ) + Accounts Payable (Q: Sep. 2023 )) / count ) / Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=( (10.255 + 3.091) / 2 ) / 45.694*365 / 4
=6.673 / 45.694*365 / 4
=13.33

* 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 13.33 mean?
Lightning eMotors (ZEVY) has a Days Payable of 13.33 as of Sep. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Lightning eMotors and its competitors.
Is Lightning eMotors' Days Payable too high?
Lightning eMotors' current Days Payable is 13.33. The Farm & Heavy Construction Machinery industry median Days Payable is 70.70. Lightning eMotors' value of 13.33 is 81.1% below this industry median. Overall, Lightning eMotors has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Lightning eMotors' Days Payable compare to AMMX and CEAD?
Lightning eMotors' Days Payable of 13.33 can be compared against companies in the Farm & Heavy Construction Machinery industry. The industry median Days Payable is 70.70. Lightning eMotors' value of 13.33 is 81.1% 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 Farm & Heavy Construction Machinery company?
The median Days Payable among Farm & Heavy Construction Machinery companies is 70.70, based on 209 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. Lightning eMotors's current Days Payable of 13.33 is 81.1% 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 Lightning eMotors and its competitors. For the Farm & Heavy Construction Machinery industry, the median Days Payable is 70.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lightning eMotors's current Days Payable is 13.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lightning eMotors stock overvalued right now?
Lightning eMotors (ZEVY) has a current Days Payable of 13.33. The current Days Payable is 13.33 and 81.1% below the Farm & Heavy Construction Machinery industry median of 70.70. Lightning eMotors' overall GF Score™ is 12/100. 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 Lightning eMotors (ZEVY), the current Days Payable is 13.33 as of Sep. 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.

Lightning eMotors Business Description

Address 815 14th Street South West, Suite A100, Loveland, CO, USA, 80537
Lightning eMotors Inc is engaged in designing and manufacturing zero-emission commercial trucks and buses and charging infrastructure solutions for fleets, large enterprises, original equipment manufacturers, and governments. Its product offerings range from cargo vans, transit and shuttle buses, school buses, specialty work trucks, ambulances, and electric powertrains for school buses, transit buses, and motor coaches. Its product solutions help its customers reduce their greenhouse gas emissions, lower operating costs and improve energy efficiency.
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Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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