Enlight Renewable Energy (Enlight Renewable Energy) Days Payable : 194.29 (As of Mar. 2024)

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What is Enlight Renewable Energy Days Payable?

Enlight Renewable Energy's average Accounts Payable for the three months ended in Mar. 2024 was $85.5 Mil. Enlight Renewable Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was $40.2 Mil. Hence, Enlight Renewable Energy's Days Payable for the three months ended in Mar. 2024 was 194.29.

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

ENLT' s Days Payable Range Over the Past 10 Years
Min: 79.61 Med: 224.14 Max: 791.73
Current: 156.7

During the past 13 years, Enlight Renewable Energy's highest Days Payable was 791.73. The lowest was 79.61. And the median was 224.14.

ENLT's Days Payable is ranked better than
69.05% of 391 companies
in the Utilities - Independent Power Producers industry
Industry Median: 78.95 vs ENLT: 156.70

Enlight Renewable Energy's Days Payable increased from Mar. 2023 (146.29) to Mar. 2024 (194.29). It may suggest that Enlight Renewable Energy delayed paying its suppliers.

Enlight Renewable Energy Days Payable Historical Data

The historical data trend for Enlight Renewable 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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Enlight Renewable Energy Days Payable Chart

Enlight Renewable Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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590.30

258.12

156.38

139.81

219.38

Enlight Renewable Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															146.29	127.03	118.01	176.58	194.29

Competitive Comparison of Enlight Renewable Energy's Days Payable

For the Utilities - Renewable subindustry, Enlight Renewable 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.

Enlight Renewable Energy's Days Payable Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Enlight Renewable Energy's Days Payable distribution charts can be found below:

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

Enlight Renewable 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.

Enlight Renewable 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
=	( (34.638	+	105.574)	/	2 )	/	116.643	*	365
=	70.106					/	116.643	*	365
=	219.38

Enlight Renewable Energy's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (105.574	+	65.479)	/	2 )	/	40.168	*	365 / 4
=	85.5265					/	40.168	*	365 / 4
=	194.29

Enlight Renewable Energy Days Payable Related Terms

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Enlight Renewable Energy (Enlight Renewable Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Enlight Renewable Energy Ltd (NAS:ENLT) » Definitions » Days Payable

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ENLT:Israel

Address

13 Amal Street, P.O. Box 11659, Afek Industrial Park, Rosh Haayin, ISR, 4809249

Website

https://www.enlightenergy.co.il

Enlight Renewable Energy Ltd is a green energy company. It specializes in initiating, developing, financing, constructing, managing, and operating electricity production projects involved in generating electricity from renewable energy sources. It also provides installation services. The company's segments are Photovoltaic Israel, Israel wind, Eastern Europe wind, Eastern Europe Photovoltaic, Western Europe wind energy, and Management and construction. The company generates the majority of its revenue from its Photovoltaic business in Israel and Eastern Europe.