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Energy Company of Minas Gerais (NYSE:CIG)
Days Payable
45.40 (As of Mar. 2016)

Energy Company of Minas Gerais's payable for the three months ended in Mar. 2016 was $422 Mil. Energy Company of Minas Gerais's cost of goods sold for the three months ended in Mar. 2016 was $847 Mil. Hence, Energy Company of Minas Gerais's days payable for the three months ended in Mar. 2016 was 45.40.

CIG' s Days Payable Range Over the Past 10 Years
Min: 38.5   Max: 147
Current: 38.09

38.5
147

During the past 13 years, Energy Company of Minas Gerais's highest Days Payable was 147.00. The lowest was 38.50. And the median was 48.55.

CIG's Days Payable is ranked lower than
74% of the 431 Companies
in the Global Utilities - Diversified industry.

( Industry Median: 70.84 vs. CIG: 38.09 )

Energy Company of Minas Gerais's days payable increased from Mar. 2015 (0.00) to Mar. 2016 (45.40). 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
=489.847454133/3941.87461348*365
=45.36

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=421.579232017/847.410221741*365 / 4
=45.40

* 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

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 147.00100.0990.4653.6849.3147.7838.5039.5145.7345.36

Energy Company of Minas Gerais Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
DaysPayable 33.1856.2452.410.0034.110.0040.6744.7634.1545.40
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