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Energy Company of Minas Gerais (NYSE:CIG)
Days Payable
40.63 (As of Jun. 2016)

Energy Company of Minas Gerais's payable for the three months ended in Jun. 2016 was $457 Mil. Energy Company of Minas Gerais's cost of goods sold for the three months ended in Jun. 2016 was $1,027 Mil. Hence, Energy Company of Minas Gerais's days payable for the three months ended in Jun. 2016 was 40.63.

CIG' s Days Payable Range Over the Past 10 Years
Min: 37.14   Max: 103.44
Current: 37.14

37.14
103.44

During the past 13 years, Energy Company of Minas Gerais's highest Days Payable was 103.44. The lowest was 37.14. And the median was 47.45.

CIG's Days Payable is ranked lower than
75% of the 410 Companies
in the Global Utilities - Diversified industry.

( Industry Median: 68.67 vs. CIG: 37.14 )

Energy Company of Minas Gerais's days payable increased from Jun. 2015 (37.63) to Jun. 2016 (40.63). It may suggest that Energy Company of Minas Gerais delayed paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Energy Company of Minas Gerais's Days Payable for the fiscal year that ended in Dec. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=489.847454133/4066.9449598*365
=43.96

Energy Company of Minas Gerais's Days Payable for the quarter that ended in Jun. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=457.439971958/1027.44084828*365 / 4
=40.63

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Energy Company of Minas Gerais Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 103.44100.0955.8442.0545.4654.2549.1739.5145.7343.96

Energy Company of Minas Gerais Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
DaysPayable 56.2452.410.0034.110.0037.6344.7632.7345.4040.63
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