CMS Energy (CMS Energy) Days Payable

: 67.31 (As of Dec. 2023)

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CMS Energy's average Accounts Payable for the three months ended in Dec. 2023 was $824 Mil. CMS Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,117 Mil. Hence, CMS Energy's Days Payable for the three months ended in Dec. 2023 was 67.31.

The historical rank and industry rank for CMS Energy's Days Payable or its related term are showing as below:

CMS' s Days Payable Range Over the Past 10 Years
Min: 46 Med: 59.73 Max: 68.64
Current: 63.72

During the past 13 years, CMS Energy's highest Days Payable was 68.64. The lowest was 46.00. And the median was 59.73.

CMS's Days Payable is ranked worse than
52.53% of 495 companies
in the Utilities - Regulated industry
Industry Median: 66.88 vs CMS: 63.72

CMS Energy's Days Payable increased from Dec. 2022 (53.49) to Dec. 2023 (67.31). It may suggest that CMS Energy delayed paying its suppliers.

CMS Energy Days Payable Historical Data

The historical data trend for CMS Energy'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.

* Premium members only.

CMS Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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59.60

62.78

60.17

56.40

68.64

CMS Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															53.49	49.96	68.46	69.50	67.31

Competitive Comparison

For the Utilities - Regulated Electric subindustry, CMS Energy'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.

CMS Energy Days Payable Distribution

For the Utilities - Regulated industry and Utilities sector, CMS Energy's Days Payable distribution charts can be found below:

* The bar in red indicates where CMS Energy's Days Payable falls into.

CMS Energy 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.

CMS Energy's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (928	+	802)	/	2 )	/	4600	*	365
=	865					/	4600	*	365
=	68.64

CMS Energy's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (846	+	802)	/	2 )	/	1117	*	365 / 4
=	824					/	1117	*	365 / 4
=	67.31

CMS Energy Days Payable Related Terms

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CMS Energy (CMS Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CMS Energy Corp (NYSE:CMS) » Definitions » Days Payable

Comparable Companies

CNP AEE PPL ES AGR FE ETR LNT DTE EVRG NEE SO DUK LSE:NG. AEP PCG D BOM:532555 EXC PEG

Traded in Other Exchanges

CMSpC.PFD:USA CMS1:Mexico CSG:Germany CSG:Germany

Address

One Energy Plaza, Jackson, MI, USA, 49201

Website

https://www.cmsenergy.com

CMS Energy is an energy holding company with three principal businesses. Its regulated utility, Consumers Energy, provides regulated natural gas service to 1.8 million customers and electric service to 1.9 million customers in Michigan. CMS Enterprises is engaged in wholesale power generation, including contracted renewable energy. CMS sold EnerBank in October 2021.

Executives

Brandon J. Hofmeister	officer: Senior Vice President	ONE ENERGY PLAZA, JACKSON MI 49201
Brian F Rich	officer: Senior Vice President	ONE ENERGY PLAZA, JACKSON MI 49201
John G Russell	director	ONE ENERGY PLAZA, JACKSON MI 49201
Jon E Barfield	director	1255 COTTINGHAM RO HOME, BLOOMFIELD HILLS MI 48304
Catherine A Hendrian	officer: Senior Vice President	ONE ENERGY PLAZA, JACKSON MI 49201
Ralph Izzo	director	PSEG 80 PARK PLAZA, T6B NEWARK NJ 07102-4194
Shaun M Johnson	officer: SVP and General Counsel	ONE ENERGY PLAZA, JACKSON MI 49201
Scott B Mcintosh	officer: VP, Controller, CAO	ONE ENERGY PLAZA, JACKSON MI 49201
Dhenuvakonda Rao Venkat	officer: Senior Vice President	ONE ENERGY PLAZA, JACKSON MI 49201
Tonya L Berry	officer: Senior Vice President	ONE ENERGY PLAZA, JACKSON MI 49201
Jean-francois Brossoit	officer: Senior Vice President	ONE ENERGY PLAZA, JACKSON MI 49201
Glenn P Barba	officer: VP, Controller, CAO	ONE ENERGY PLAZA, JACKSON MI 49201
William D Harvey	director	5 SHADE TREE COURT, MADISON WI 53717
Ronald J Tanski	director	NATIONAL FUEL GAS COMPANY, 6363 MAIN ST, WILLIAMSVILLE NY 14221
Kurt L Darrow	director	ONE LA-Z-BOY DRIVE, MONROE MI 48162