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Energy Company of Minas Gerais (NYSE:CIG)
Days Payable
13.30 (As of Dec. 2013)

Energy Company of Minas Gerais's payable for the three months ended in Dec. 2013 was $679 Mil. Energy Company of Minas Gerais's revenue for the three months ended in Dec. 2013 was $4,644 Mil. Hence, Energy Company of Minas Gerais's days payable for the three months ended in Dec. 2013 was 13.30.

Energy Company of Minas Gerais's days payable declined from Sep. 2012 (41.16) to Dec. 2013 (13.30). It may suggest that Energy Company of Minas Gerais accelerated 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. 2013 is calculated as

Days Payable=Payable/Revenue*Days in Period
=678.960603521/6130.34367142*365
=40.43

Energy Company of Minas Gerais's Days Payable for the quarter that ended in Dec. 2013 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=678.960603521/4644.21793797*91
=13.30

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Energy Company of Minas Gerais Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
DaysPayable 80.83145.89108.40100.6769.6842.0043.9942.7448.4240.43

Energy Company of Minas Gerais Quarterly Data

Jun11Sep11Dec11Mar12Jun12Sep12Dec12Jun13Sep13Dec13
DaysPayable 0.0057.3038.8544.7841.6841.1615.070.001,236.0813.30
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