Enefit Green AS (OTSE:EGR1T) Days Payable : 219.18 (As of Mar. 2024)

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What is Enefit Green AS Days Payable?

Enefit Green AS's average Accounts Payable for the three months ended in Mar. 2024 was €49.7 Mil. Enefit Green AS's Cost of Goods Sold for the three months ended in Mar. 2024 was €20.7 Mil. Hence, Enefit Green AS's Days Payable for the three months ended in Mar. 2024 was 219.18.

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

OTSE:EGR1T' s Days Payable Range Over the Past 10 Years
Min: 43.94 Med: 79.65 Max: 173.52
Current: 173.52

During the past 6 years, Enefit Green AS's highest Days Payable was 173.52. The lowest was 43.94. And the median was 79.65.

OTSE:EGR1T's Days Payable is ranked better than
71.87% of 391 companies
in the Utilities - Independent Power Producers industry
Industry Median: 76.22 vs OTSE:EGR1T: 173.52

Enefit Green AS's Days Payable increased from Mar. 2023 (74.83) to Mar. 2024 (219.18). It may suggest that Enefit Green AS delayed paying its suppliers.

Enefit Green AS Days Payable Historical Data

The historical data trend for Enefit Green AS'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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Enefit Green AS Days Payable Chart

Enefit Green AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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43.94

68.19

92.30

74.97

137.83

Enefit Green AS Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial													74.83	177.36	167.34	160.53	219.18

Competitive Comparison of Enefit Green AS's Days Payable

For the Utilities - Renewable subindustry, Enefit Green AS'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.

Enefit Green AS's Days Payable Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where Enefit Green AS's Days Payable falls into.

Enefit Green AS 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.

Enefit Green AS'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
=	( (19.661	+	54.445)	/	2 )	/	98.12	*	365
=	37.053					/	98.12	*	365
=	137.83

Enefit Green AS'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
=	( (54.445	+	44.87)	/	2 )	/	20.674	*	365 / 4
=	49.6575					/	20.674	*	365 / 4
=	219.18

Enefit Green AS Days Payable Related Terms

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Enefit Green AS (OTSE:EGR1T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Enefit Green AS (OTSE:EGR1T) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

I6B:Germany

Address

Lelle tn 22, Tallinn, EST, 11318

Website

https://www.enefitgreen.ee

Enefit Green AS is a renewable energy producer in the Baltic Sea region. The company produces electricity from wind, as well as municipal waste, biomass, solar and hydroelectric sources in Estonia, Latvia, Lithuania, and Poland. The segments of the company are Wind energy segment which comprises all of the company's wind farms and generates key revenue for the firm; Cogeneration segment comprises all of the company's cogeneration plants and the pellet factory and Solar energy segment comprises all of the company's solar farms.

Enefit Green AS (OTSE:EGR1T) Headlines

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