Cia Paranaense De Energia Copel (Cia Paranaense De Energia Copel) Days Payable

: 49.60 (As of Dec. 2023)

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Cia Paranaense De Energia Copel's average Accounts Payable for the three months ended in Dec. 2023 was $461 Mil. Cia Paranaense De Energia Copel's Cost of Goods Sold for the three months ended in Dec. 2023 was $848 Mil. Hence, Cia Paranaense De Energia Copel's Days Payable for the three months ended in Dec. 2023 was 49.60.

The historical rank and industry rank for Cia Paranaense De Energia Copel's Days Payable or its related term are showing as below:

ELP' s Days Payable Range Over the Past 10 Years
Min: 45.04 Med: 51.77 Max: 56.59
Current: 45.76

During the past 13 years, Cia Paranaense De Energia Copel's highest Days Payable was 56.59. The lowest was 45.04. And the median was 51.77.

ELP's Days Payable is ranked worse than
68.08% of 495 companies
in the Utilities - Regulated industry
Industry Median: 66.78 vs ELP: 45.76

Cia Paranaense De Energia Copel's Days Payable increased from Dec. 2022 (0.00) to Dec. 2023 (49.60). It may suggest that Cia Paranaense De Energia Copel delayed paying its suppliers.

Cia Paranaense De Energia Copel Days Payable Historical Data

The historical data trend for Cia Paranaense De Energia Copel'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 Paranaense De Energia Copel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

53.01

62.68

47.40

Cia Paranaense De Energia Copel Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																-	47.23	40.06	44.83	49.60

Competitive Comparison

For the Utilities - Diversified subindustry, Cia Paranaense De Energia Copel'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 Paranaense De Energia Copel Days Payable Distribution

For the Utilities - Regulated industry and Utilities sector, Cia Paranaense De Energia Copel's Days Payable distribution charts can be found below:

* The bar in red indicates where Cia Paranaense De Energia Copel's Days Payable falls into.

Cia Paranaense De Energia Copel 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 Paranaense De Energia Copel'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
=	( (418.467	+	460.51)	/	2 )	/	3384.103	*	365
=	439.4885					/	3384.103	*	365
=	47.40

Cia Paranaense De Energia Copel'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
=	( (461.127	+	460.51)	/	2 )	/	847.731	*	365 / 4
=	460.8185					/	847.731	*	365 / 4
=	49.60

Cia Paranaense De Energia Copel Days Payable Related Terms

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Cia Paranaense De Energia Copel (Cia Paranaense De Energia Copel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Cia Paranaense De Energia Copel (NYSE:ELP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ELPC:USA XCOP:Spain ELPA:Germany CPLE6:Brazil CPLE5:Brazil CPLE3:Brazil

Address

Rua Jose Izidoro Biazetto, 158, Bloco A, Mossungue, Curitiba, PR, BRA, 81200-240

Website

https://www.copel.com

Cia Paranaense De Energia Copel is primarily involved in the production of power in the Brazilian state of Parana. Specifically, the company's operating segments include power generation and transmission, gas, power distribution, power sale, and Holding and Services. Most of the company's revenue is derived from the sale of electricity. It generates electricity through renewable energy sources such as hydroelectric, wind plants, and thermoelectric plants. The company was designed to allow Parana to manage the distribution of power and related services, so the state is a major shareholder.