SolarBank (NEOE:SUNN) Days Payable : 37.25 (As of Dec. 2023)

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What is SolarBank Days Payable?

SolarBank's average Accounts Payable for the three months ended in Dec. 2023 was C$6.58 Mil. SolarBank's Cost of Goods Sold for the three months ended in Dec. 2023 was C$16.11 Mil. Hence, SolarBank's Days Payable for the three months ended in Dec. 2023 was 37.25.

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

NEOE:SUNN' s Days Payable Range Over the Past 10 Years
Min: 42.39 Med: 66.26 Max: 86.51
Current: 42.39

During the past 2 years, SolarBank's highest Days Payable was 86.51. The lowest was 42.39. And the median was 66.26.

NEOE:SUNN's Days Payable is ranked worse than
68.89% of 389 companies
in the Utilities - Independent Power Producers industry
Industry Median: 79.06 vs NEOE:SUNN: 42.39

SolarBank's Days Payable declined from Dec. 2022 (62.74) to Dec. 2023 (37.25). It may suggest that SolarBank accelerated paying its suppliers.

SolarBank Days Payable Historical Data

The historical data trend for SolarBank'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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SolarBank Days Payable Chart

SolarBank Annual Data

Trend

Jun22

Jun23

Days Payable

86.51

46.00

SolarBank Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial				62.74	1,607.40	13.43	46.88	37.25

Competitive Comparison of SolarBank's Days Payable

For the Utilities - Renewable subindustry, SolarBank'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.

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

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

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

SolarBank 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.

SolarBank'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
=	( (1.951	+	1.543)	/	2 )	/	13.861	*	365
=	1.747					/	13.861	*	365
=	46.00

SolarBank'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
=	( (3.938	+	9.214)	/	2 )	/	16.11	*	365 / 4
=	6.576					/	16.11	*	365 / 4
=	37.25

SolarBank Days Payable Related Terms

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SolarBank (NEOE:SUNN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » SolarBank Corp (NEOE:SUNN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SUUNF:USA GY2:Germany

Address

505 Consumers Road, Suite 803, Toronto, ON, CAN, M2J 4Z2

Website

https://www.solarbankcorp.com

SolarBank Corp is an independent renewable and clean energy project developer and asset operator based in Canada and the United States. It is engaged in the development and operation of solar photovoltaic power generation projects in the province of Ontario and the state of New York. The company operates in two principal geographical areas - Canada and United States with a substantial portion of its overall revenue being generated from United States.

SolarBank (NEOE:SUNN) Headlines

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