Altern Energy (KAR:ALTN) Days Payable : 87.95 (As of Mar. 2024)

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What is Altern Energy Days Payable?

Altern Energy's average Accounts Payable for the three months ended in Mar. 2024 was ₨722 Mil. Altern Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was ₨749 Mil. Hence, Altern Energy's Days Payable for the three months ended in Mar. 2024 was 87.95.

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

KAR:ALTN' s Days Payable Range Over the Past 10 Years
Min: 0.27 Med: 39.78 Max: 134.72
Current: 46.73

During the past 13 years, Altern Energy's highest Days Payable was 134.72. The lowest was 0.27. And the median was 39.78.

KAR:ALTN's Days Payable is ranked worse than
66.32% of 389 companies
in the Utilities - Independent Power Producers industry
Industry Median: 78.95 vs KAR:ALTN: 46.73

Altern Energy's Days Payable declined from Mar. 2023 (178.02) to Mar. 2024 (87.95). It may suggest that Altern Energy accelerated paying its suppliers.

Altern Energy Days Payable Historical Data

The historical data trend for Altern 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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Altern Energy Days Payable Chart

Altern Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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43.55

83.00

1.19

0.27

0.83

Altern 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															178.02	16.65	52.22	79.36	87.95

Competitive Comparison of Altern Energy's Days Payable

For the Utilities - Independent Power Producers subindustry, Altern 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.

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

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

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

Altern 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.

Altern Energy's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (8.618	+	30.817)	/	2 )	/	8626.358	*	365
=	19.7175					/	8626.358	*	365
=	0.83

Altern 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
=	( (652.762	+	790.745)	/	2 )	/	748.837	*	365 / 4
=	721.7535					/	748.837	*	365 / 4
=	87.95

Altern Energy Days Payable Related Terms

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Altern Energy (KAR:ALTN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Altern Energy Ltd (KAR:ALTN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Kilometer, Ferozepur Road, Descon Headquarters, Lahore, PB, PAK

Website

https://www.alternenergypk.com

Altern Energy Ltd generates and supplies electric power to the Water and Power Development Authority of Pakistan from its thermal power plant. The company is to build, own, operate and maintain a gas fired power plant having gross capacity of 32 Mega Watts.

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