Renova Energia (BSP:RNEW11) Days Payable : 71.50 (As of Jun. 2024)

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What is Renova Energia Days Payable?

Renova Energia's average Accounts Payable for the three months ended in Jun. 2024 was R$46.3 Mil. Renova Energia's Cost of Goods Sold for the three months ended in Jun. 2024 was R$59.1 Mil. Hence, Renova Energia's Days Payable for the three months ended in Jun. 2024 was 71.50.

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

BSP:RNEW11' s Days Payable Range Over the Past 10 Years
Min: 67.36 Med: 430.15 Max: 1525.92
Current: 305.24

During the past 13 years, Renova Energia's highest Days Payable was 1525.92. The lowest was 67.36. And the median was 430.15.

BSP:RNEW11's Days Payable is ranked better than
84.06% of 389 companies
in the Utilities - Independent Power Producers industry
Industry Median: 80.51 vs BSP:RNEW11: 305.24

Renova Energia's Days Payable declined from Jun. 2023 (96.02) to Jun. 2024 (71.50). It may suggest that Renova Energia accelerated paying its suppliers.

Renova Energia Days Payable Historical Data

The historical data trend for Renova Energia'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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Renova Energia Days Payable Chart

Renova Energia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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1,083.91

1,525.92

364.31

215.02

409.87

Renova Energia Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															96.02	97.73	-	87.70	71.50

Competitive Comparison of Renova Energia's Days Payable

For the Utilities - Renewable subindustry, Renova Energia'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.

Renova Energia's Days Payable Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Renova Energia's Days Payable distribution charts can be found below:

* The bar in red indicates where Renova Energia's Days Payable falls into.

Renova Energia 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.

Renova Energia'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
=	( (58.392	+	63.75)	/	2 )	/	54.385	*	365
=	61.071					/	54.385	*	365
=	409.87

Renova Energia's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (46.843	+	45.795)	/	2 )	/	59.112	*	365 / 4
=	46.319					/	59.112	*	365 / 4
=	71.50

Renova Energia Days Payable Related Terms

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Renova Energia Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Renova Energia SA (BSP:RNEW11) » Definitions » Days Payable

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Address

Avenue Das Nacoes Unidas, No. 10,989, 8th floor set 82, Brooklin Paulista, Sao Paulo, SP, BRA

Website

https://www.renovaenergia.com.br

Renova Energia SA is a Brazilian energy company engaged in the development, implementation and operation of power generation projects from renewable sources -wind, small hydroelectric power plants (PCHs) and solar, and trading of energy and related activities. The company is responsible for prospecting, developing, and implementing projects to generate power. The company has operating segments namely: Wind, Solar, Trading and Administrative. It derives maximum revenue from Trading segment.

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