CPFL Energia (BSP:CPFE3) Days Payable : 18.38 (As of Dec. 2023)

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What is CPFL Energia Days Payable?

CPFL Energia's average Accounts Payable for the three months ended in Dec. 2023 was R$3,993 Mil. CPFL Energia's Cost of Goods Sold for the three months ended in Dec. 2023 was R$19,823 Mil. Hence, CPFL Energia's Days Payable for the three months ended in Dec. 2023 was 18.38.

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

BSP:CPFE3' s Days Payable Range Over the Past 10 Years
Min: 38.11 Med: 54.4 Max: 74.17
Current: 38.11

During the past 13 years, CPFL Energia's highest Days Payable was 74.17. The lowest was 38.11. And the median was 54.40.

BSP:CPFE3's Days Payable is ranked worse than
77.37% of 495 companies
in the Utilities - Regulated industry
Industry Median: 67.1 vs BSP:CPFE3: 38.11

CPFL Energia's Days Payable increased from Dec. 2022 (15.16) to Dec. 2023 (18.38). It may suggest that CPFL Energia delayed paying its suppliers.

CPFL Energia Days Payable Historical Data

The historical data trend for CPFL Energia'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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CPFL Energia Days Payable Chart

CPFL Energia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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45.84

56.96

52.39

54.04

54.75

CPFL Energia Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															15.16	47.15	46.26	156.20	18.38

Competitive Comparison of CPFL Energia's Days Payable

For the Utilities - Regulated Electric subindustry, CPFL Energia'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.

CPFL Energia's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, CPFL Energia's Days Payable distribution charts can be found below:

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

CPFL Energia 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.

CPFL Energia'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
=	( (3659.423	+	4171.282)	/	2 )	/	26101.1	*	365
=	3915.3525					/	26101.1	*	365
=	54.75

CPFL Energia's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (3815.451	+	4171.282)	/	2 )	/	19823.344	*	365 / 4
=	3993.3665					/	19823.344	*	365 / 4
=	18.38

CPFL Energia Days Payable Related Terms

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CPFL Energia (BSP:CPFE3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CPFL Energia SA (BSP:CPFE3) » Definitions » Days Payable

Comparable Companies

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Address

Rua Jorge Figueiredo Corrêa, No 1.632, Jardim Professora Tarcília, Campinas, Sao Paulo, SP, BRA, 13087-397

Website

https://www.cpfl.com.br

CPFL Energia SA is the holding company of the CPFL Group, operating in Brazil's electricity sector, implementing and operating projects and concessions in the energy distribution, generation, transmission, and trading segments and related activities through its subsidiaries and affiliate companies. The Group's operating segments are electric energy distribution, electric energy generation, electric energy commercialization, and services rendered activities. It derives a majority of its revenue from the distribution segment.

CPFL Energia (BSP:CPFE3) Headlines

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