Greenvolt - Energias Renovaveis (XLIS:GVOLT) Days Payable : 93.23 (As of Dec. 2023)

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What is Greenvolt - Energias Renovaveis Days Payable?

Greenvolt - Energias Renovaveis's average Accounts Payable for the three months ended in Dec. 2023 was €37.4 Mil. Greenvolt - Energias Renovaveis's Cost of Goods Sold for the three months ended in Dec. 2023 was €36.6 Mil. Hence, Greenvolt - Energias Renovaveis's Days Payable for the three months ended in Dec. 2023 was 93.23.

The historical rank and industry rank for Greenvolt - Energias Renovaveis's Days Payable or its related term are showing as below:

XLIS:GVOLT' s Days Payable Range Over the Past 10 Years
Min: 83 Med: 112.79 Max: 138.23
Current: 83

During the past 6 years, Greenvolt - Energias Renovaveis's highest Days Payable was 138.23. The lowest was 83.00. And the median was 112.79.

XLIS:GVOLT's Days Payable is ranked better than
53.47% of 389 companies
in the Utilities - Independent Power Producers industry
Industry Median: 76.22 vs XLIS:GVOLT: 83.00

Greenvolt - Energias Renovaveis's Days Payable declined from Dec. 2022 (101.45) to Dec. 2023 (93.23). It may suggest that Greenvolt - Energias Renovaveis accelerated paying its suppliers.

Greenvolt - Energias Renovaveis Days Payable Historical Data

The historical data trend for Greenvolt - Energias Renovaveis'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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Greenvolt - Energias Renovaveis Days Payable Chart

Greenvolt - Energias Renovaveis Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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138.23

90.49

102.99

122.58

83.72

Greenvolt - Energias Renovaveis Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial											101.45	98.45	124.80	54.79	93.23

Competitive Comparison of Greenvolt - Energias Renovaveis's Days Payable

For the Utilities - Renewable subindustry, Greenvolt - Energias Renovaveis'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.

Greenvolt - Energias Renovaveis's Days Payable Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where Greenvolt - Energias Renovaveis's Days Payable falls into.

Greenvolt - Energias Renovaveis 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.

Greenvolt - Energias Renovaveis'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
=	( (34.519	+	34.979)	/	2 )	/	151.499	*	365
=	34.749					/	151.499	*	365
=	83.72

Greenvolt - Energias Renovaveis'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
=	( (39.823	+	34.979)	/	2 )	/	36.608	*	365 / 4
=	37.401					/	36.608	*	365 / 4
=	93.23

Greenvolt - Energias Renovaveis Days Payable Related Terms

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Greenvolt - Energias Renovaveis (XLIS:GVOLT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Greenvolt - Energias Renovaveis SA (XLIS:GVOLT) » Definitions » Days Payable

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Traded in Other Exchanges

000:Germany

Address

Rua Manuel Pinto de Azevedo 818, Porto, PRT, PT-4100-320

Website

https://www.greenvolt.pt

Greenvolt - Energias Renovaveis SA is specialized in the production of electricity from renewable energy sources. It has three operating segments. Biomass & Structure has five energy production plants through forest biomass in Portugal, the costs of the corporate structure of Greenvolt, and the plant in Tilbury. The development of Solar & wind energy includes the activities of development, construction, & exploration of photovoltaic & wind energy, with the subsidiaries Greenvolt Power & Sustainable Energy One being the main contributors to the segment. Distributed generation includes the contributions from subsidiaries Greenvolt Next Portugal, Greenvolt Next Portugal II Invest, Perfecta Energía, Greenvolt Comunidades, & Univergy. The key revenue is from the biomass & structure segment.

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