Consolidated Edison (Consolidated Edison) Days Payable : 82.40 (As of Dec. 2023)

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What is Consolidated Edison Days Payable?

Consolidated Edison's average Accounts Payable for the three months ended in Dec. 2023 was $1,541 Mil. Consolidated Edison's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,706 Mil. Hence, Consolidated Edison's Days Payable for the three months ended in Dec. 2023 was 82.40.

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

ED' s Days Payable Range Over the Past 10 Years
Min: 47.97 Med: 75.51 Max: 94.49
Current: 77.64

During the past 13 years, Consolidated Edison's highest Days Payable was 94.49. The lowest was 47.97. And the median was 75.51.

ED's Days Payable is ranked better than
58.99% of 495 companies
in the Utilities - Regulated industry
Industry Median: 67.1 vs ED: 77.64

Consolidated Edison's Days Payable increased from Dec. 2022 (71.47) to Dec. 2023 (82.40). It may suggest that Consolidated Edison delayed paying its suppliers.

Consolidated Edison Days Payable Historical Data

The historical data trend for Consolidated Edison'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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Consolidated Edison Days Payable Chart

Consolidated Edison Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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73.87

94.49

90.28

78.90

93.79

Consolidated Edison 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															71.47	67.13	83.79	65.26	82.40

Competitive Comparison of Consolidated Edison's Days Payable

For the Utilities - Regulated Electric subindustry, Consolidated Edison'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.

Consolidated Edison's Days Payable Distribution in the Utilities - Regulated Industry

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

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

Consolidated Edison 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.

Consolidated Edison'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
=	( (1955	+	1775)	/	2 )	/	7258	*	365
=	1865					/	7258	*	365
=	93.79

Consolidated Edison'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
=	( (1306	+	1775)	/	2 )	/	1706	*	365 / 4
=	1540.5					/	1706	*	365 / 4
=	82.40

Consolidated Edison Days Payable Related Terms

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Consolidated Edison (Consolidated Edison) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Consolidated Edison Inc (NYSE:ED) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

EDC:Germany EDC:Germany

Address

4 Irving Place, Room 700, New York, NY, USA, 10003

Website

https://www.conedison.com

Con Ed is a holding company for Consolidated Edison of New York, or CECONY, and Orange & Rockland, or O&R. These utilities provide steam, natural gas, and electricity to customers in southeastern New York—including New York City—and small parts of New Jersey. The two utilities generate nearly all of Con Ed's earnings following the sale of its clean energy business to RWE in early 2023.

Executives

Christina Ho	officer: VP, Strategic Planning	4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Deneen L Donnley	officer: SVP and General Counsel	4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Stuart Nachmias	officer: President & CEO CET	4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Robert Sanchez	officer: SVP, Corporate Shared Services	4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Timothy Cawley	officer: President & CEO, O&R	4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Robert N Hoglund	officer: Senior Vice President Finance	4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Joseph Miller	officer: VP & Controller	4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Nancy Shannon	officer: SVP, Utility Shared Services	4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Matthew Ketschke	officer: President CECONY	4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Gurudatta D Nadkarni	officer: Vice President	4 IRVING PLACE, ROOM 1450-S, NEW YORK NY 10003
Jennifer Hensley	officer: SVP, Corporate Affairs	4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Frances Resheske	officer: Senior VP Public Affairs	4 IRVING PLACE, NEW YORK NY 10003
De La Bastide Lore	officer: SVP, Utility Shared Services	4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
John Mcavoy	officer: President & CEO, O&R	4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Yukari Saegusa	officer: Vice President and Treasurer	4 IRVING PLACE, ROOM 1450-S, NEW YORK NY 10003