Iren SpA (Iren SpA) Days Payable : 139.80 (As of Mar. 2024)

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What is Iren SpA Days Payable?

Iren SpA's average Accounts Payable for the three months ended in Mar. 2024 was $1,667 Mil. Iren SpA's Cost of Goods Sold for the three months ended in Mar. 2024 was $1,088 Mil. Hence, Iren SpA's Days Payable for the three months ended in Mar. 2024 was 139.80.

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

IRDEF' s Days Payable Range Over the Past 10 Years
Min: 107.49 Med: 138 Max: 169.14
Current: 133.96

During the past 13 years, Iren SpA's highest Days Payable was 169.14. The lowest was 107.49. And the median was 138.00.

IRDEF's Days Payable is ranked better than
76.92% of 494 companies
in the Utilities - Regulated industry
Industry Median: 66.43 vs IRDEF: 133.96

Iren SpA's Days Payable increased from Mar. 2023 (117.98) to Mar. 2024 (139.80). It may suggest that Iren SpA delayed paying its suppliers.

Iren SpA Days Payable Historical Data

The historical data trend for Iren SpA'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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Iren SpA Days Payable Chart

Iren SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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116.01

141.66

138.79

110.46

144.96

Iren SpA 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															117.98	181.87	127.60	98.33	139.80

Competitive Comparison of Iren SpA's Days Payable

For the Utilities - Diversified subindustry, Iren SpA'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.

Iren SpA's Days Payable Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where Iren SpA's Days Payable falls into.

Iren SpA 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.

Iren SpA'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
=	( (2267.132	+	1702.812)	/	2 )	/	4998.069	*	365
=	1984.972					/	4998.069	*	365
=	144.96

Iren SpA'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
=	( (1702.812	+	1631.062)	/	2 )	/	1088.027	*	365 / 4
=	1666.937					/	1088.027	*	365 / 4
=	139.80

Iren SpA Days Payable Related Terms

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Iren SpA (Iren SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Iren SpA (OTCPK:IRDEF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

IRE:Italy IREm:UK 0MUN:UK TZ8:Germany

Address

Via Nubi di Magellano, 30, Reggio Emilia, ITA, 42123

Website

https://www.gruppoiren.it

Iren SpA is a multi-service Italian utilities holding company that produces and distributes electricity and natural gas. It also provides district heating, water, and environmental services. Iren has five operating companies that include Iren Acqua Gas, Iren Energia (electricity and thermal production), Iren Mercato (sale of electricity, gas, and district heating), Iren Emilia (gas distribution), and Iren Ambiente (environmental services). The company primarily uses hydroelectric, cogeneration, and wind power as energy sources. The majority of revenue is derived from the distribution and sale of electricity and natural gas products and services.