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Energy Company of Minas Gerais (NYSE:CIG)
Days Payable
45.73 (As of Dec. 2014)

Energy Company of Minas Gerais's payable for the six months ended in Dec. 2014 was $607 Mil. Energy Company of Minas Gerais's cost of goods sold for the six months ended in Dec. 2014 was $4,846 Mil. Hence, Energy Company of Minas Gerais's days payable for the six months ended in Dec. 2014 was 22.87.

Energy Company of Minas Gerais's days payable declined from Dec. 2012 (49.17) to Dec. 2014 (45.73). 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. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=607.13880162/4845.75494909*365
=45.73

Energy Company of Minas Gerais's Days Payable for the quarter that ended in Dec. 2014 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=607.13880162/4845.75494909*365 / 2
=22.87

* 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

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
DaysPayable 184.13103.44105.5655.8442.0545.4643.4349.1739.5145.73

Energy Company of Minas Gerais Semi-Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
DaysPayable 184.13103.44105.5655.8442.0545.4643.4349.1739.5145.73
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