Cia Energetica DE Minas Gerais - Cemig (Cia Energetica DE Minas Gerais - Cemig) Days Payable

: 43.49 (As of Sep. 2023)

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Cia Energetica DE Minas Gerais - Cemig's average Accounts Payable for the three months ended in Sep. 2023 was $653 Mil. Cia Energetica DE Minas Gerais - Cemig's Cost of Goods Sold for the three months ended in Sep. 2023 was $1,370 Mil. Hence, Cia Energetica DE Minas Gerais - Cemig's Days Payable for the three months ended in Sep. 2023 was 43.49.

The historical rank and industry rank for Cia Energetica DE Minas Gerais - Cemig's Days Payable or its related term are showing as below:

CIG' s Days Payable Range Over the Past 10 Years
Min: 35.77 Med: 40.89 Max: 48.58
Current: 41.44

During the past 13 years, Cia Energetica DE Minas Gerais - Cemig's highest Days Payable was 48.58. The lowest was 35.77. And the median was 40.89.

CIG's Days Payable is ranked worse than
74.14% of 495 companies
in the Utilities - Regulated industry
Industry Median: 66.78 vs CIG: 41.44

Cia Energetica DE Minas Gerais - Cemig's Days Payable increased from Sep. 2022 (33.65) to Sep. 2023 (43.49). It may suggest that Cia Energetica DE Minas Gerais - Cemig delayed paying its suppliers.

Cia Energetica DE Minas Gerais - Cemig Days Payable Historical Data

The historical data trend for Cia Energetica DE Minas Gerais - Cemig's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Cia Energetica DE Minas Gerais - Cemig Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

47.10

37.10

45.66

37.36

39.57

Cia Energetica DE Minas Gerais - Cemig Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable																33.65	40.64	41.75	38.98	43.49

Competitive Comparison

For the Utilities - Diversified subindustry, Cia Energetica DE Minas Gerais - Cemig's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Cia Energetica DE Minas Gerais - Cemig Days Payable Distribution

For the Utilities - Regulated industry and Utilities sector, Cia Energetica DE Minas Gerais - Cemig's Days Payable distribution charts can be found below:

* The bar in red indicates where Cia Energetica DE Minas Gerais - Cemig's Days Payable falls into.

Cia Energetica DE Minas Gerais - Cemig Days Payable Calculation

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

Cia Energetica DE Minas Gerais - Cemig's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (516.189	+	626.644)	/	2 )	/	5271.476	*	365
=	571.4165					/	5271.476	*	365
=	39.57

Cia Energetica DE Minas Gerais - Cemig's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (618.812	+	686.618)	/	2 )	/	1369.553	*	365 / 4
=	652.715					/	1369.553	*	365 / 4
=	43.49

Cia Energetica DE Minas Gerais - Cemig Days Payable Related Terms

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Cia Energetica DE Minas Gerais - Cemig (Cia Energetica DE Minas Gerais - Cemig) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Cia Energetica DE Minas Gerais - Cemig (NYSE:CIG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CIG.C:USA CIGN:Mexico XCMIG:Spain CIDS:Germany CIDA:Germany CID:Germany CIDA:Germany CID:Germany CMIG4:Brazil CMIG3:Brazil

Address

Avenida Barbacena, 1200, Belo Horizonte, MG, BRA, 30190-131

Website

https://www.cemig.com.br

Cia Energetica DE Minas Gerais - Cemig Formerly Energy Company of Minas Gerais is a Brazilian power company that generates, transmits, and distributes electricity. As one of the largest power companies in Brazil, the firm operates across most Brazilian states and Chile. The company has various subsidiaries and operates chiefly through its generation, transmission, distribution, and gas segments. The majority of the company's revenue is derived from electricity sales to consumers. The company generates power primarily through hydroelectric resources and secondarily through thermal and wind resources.