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Energy Company of Minas Gerais (NYSE:CIG)
Days Payable
44.76 (As of Sep. 2015)

Energy Company of Minas Gerais's payable for the three months ended in Sep. 2015 was $432 Mil. Energy Company of Minas Gerais's cost of goods sold for the three months ended in Sep. 2015 was $882 Mil. Hence, Energy Company of Minas Gerais's days payable for the three months ended in Sep. 2015 was 44.76.

CIG' s Days Payable Range Over the Past 10 Years
Min: 39.51   Max: 118.6
Current: 51.34

39.51
118.6

During the past 13 years, Energy Company of Minas Gerais's highest Days Payable was 118.60. The lowest was 39.51. And the median was 50.23.

CIG's Days Payable is ranked lower than
63% of the 457 Companies
in the Global Utilities - Diversified industry.

( Industry Median: 65.98 vs. CIG: 51.34 )

Energy Company of Minas Gerais's days payable increased from Jun. 2014 (40.83) to Sep. 2015 (44.76). 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. 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 Sep. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=432.465669195/881.584341053*365 / 4
=44.76

* 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 103.44105.5655.8442.0949.3147.7851.1439.5145.7345.36

Energy Company of Minas Gerais Quarterly Data

Jun13Sep13Dec13Mar14Jun14Sep14Dec14Jun15Sep15Dec15
DaysPayable 37.1937.6033.1856.2440.830.0034.1140.6744.760.00
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