Xcel Energy (FRA:NRN) Days Payable : 69.72 (As of Mar. 2024)

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What is Xcel Energy Days Payable?

Xcel Energy's average Accounts Payable for the three months ended in Mar. 2024 was €1,437 Mil. Xcel Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was €1,880 Mil. Hence, Xcel Energy's Days Payable for the three months ended in Mar. 2024 was 69.72.

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

FRA:NRN' s Days Payable Range Over the Past 10 Years
Min: 53.94 Med: 61.36 Max: 77.02
Current: 68.91

During the past 13 years, Xcel Energy's highest Days Payable was 77.02. The lowest was 53.94. And the median was 61.36.

FRA:NRN's Days Payable is ranked better than
51.62% of 494 companies
in the Utilities - Regulated industry
Industry Median: 66.315 vs FRA:NRN: 68.91

Xcel Energy's Days Payable increased from Mar. 2023 (54.99) to Mar. 2024 (69.72). It may suggest that Xcel Energy delayed paying its suppliers.

Xcel Energy Days Payable Historical Data

The historical data trend for Xcel 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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Xcel Energy Days Payable Chart

Xcel Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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67.09

73.81

57.12

60.35

78.20

Xcel 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															54.99	66.02	67.35	74.96	69.72

Competitive Comparison of Xcel Energy's Days Payable

For the Utilities - Regulated Electric subindustry, Xcel 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.

Xcel Energy's Days Payable Distribution in the Utilities - Regulated Industry

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

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

Xcel 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.

Xcel 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
=	( (1702.976	+	1529.556)	/	2 )	/	7544.159	*	365
=	1616.266					/	7544.159	*	365
=	78.20

Xcel 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
=	( (1529.556	+	1344.12)	/	2 )	/	1880.48	*	365 / 4
=	1436.838					/	1880.48	*	365 / 4
=	69.72

Xcel Energy Days Payable Related Terms

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Xcel Energy (FRA:NRN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Xcel Energy Inc (FRA:NRN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

XEL:USA NRN:Germany

Address

414 Nicollet Mall, Minneapolis, MN, USA, 55401

Website

https://www.xcelenergy.com

Xcel Energy manages utilities serving 3.8 million electric customers and 2.1 million natural gas customers in eight states. Its utilities are Northern States Power, which serves customers in Minnesota, North Dakota, South Dakota, Wisconsin, and Michigan; Public Service Company of Colorado; and Southwestern Public Service Company, which serves customers in Texas and New Mexico. It is one of the largest renewable energy owners and suppliers in the U.S. with more than half of its electricity sales coming from carbon-free energy.

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