AB Ignitis Grupe (FRA:IGV0) Days Payable : 29.08 (As of Dec. 2023)

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What is AB Ignitis Grupe Days Payable?

AB Ignitis Grupe's average Accounts Payable for the three months ended in Dec. 2023 was €153 Mil. AB Ignitis Grupe's Cost of Goods Sold for the three months ended in Dec. 2023 was €481 Mil. Hence, AB Ignitis Grupe's Days Payable for the three months ended in Dec. 2023 was 29.08.

The historical rank and industry rank for AB Ignitis Grupe's Days Payable or its related term are showing as below:

FRA:IGV0' s Days Payable Range Over the Past 10 Years
Min: 13.6 Med: 35.56 Max: 47.12
Current: 22.83

During the past 7 years, AB Ignitis Grupe's highest Days Payable was 47.12. The lowest was 13.60. And the median was 35.56.

FRA:IGV0's Days Payable is ranked worse than
91.5% of 494 companies
in the Utilities - Regulated industry
Industry Median: 66.385 vs FRA:IGV0: 22.83

AB Ignitis Grupe's Days Payable increased from Dec. 2022 (10.38) to Dec. 2023 (29.08). It may suggest that AB Ignitis Grupe delayed paying its suppliers.

AB Ignitis Grupe Days Payable Historical Data

The historical data trend for AB Ignitis Grupe'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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AB Ignitis Grupe Days Payable Chart

AB Ignitis Grupe Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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38.60

32.13

18.91

13.60

35.56

AB Ignitis Grupe Quarterly Data
	Dec17	Dec18	Jun19	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															10.38	14.57	11.49	25.06	29.08

Competitive Comparison of AB Ignitis Grupe's Days Payable

For the Utilities - Diversified subindustry, AB Ignitis Grupe'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.

AB Ignitis Grupe's Days Payable Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where AB Ignitis Grupe's Days Payable falls into.

AB Ignitis Grupe 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.

AB Ignitis Grupe'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
=	( (177.2	+	177.2)	/	2 )	/	1818.8	*	365
=	177.2					/	1818.8	*	365
=	35.56

AB Ignitis Grupe'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
=	( (129.3	+	177.2)	/	2 )	/	480.8	*	365 / 4
=	153.25					/	480.8	*	365 / 4
=	29.08

AB Ignitis Grupe Days Payable Related Terms

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AB Ignitis Grupe (FRA:IGV0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » AB Ignitis Grupe (FRA:IGV0) » Definitions » Days Payable

Traded in Other Exchanges

IGN1L:Lithuania IGN:UK

Address

Laisves Avenue 10, Vilnius, LTU, LT-04215

Website

https://www.ignitisgrupe.lt

AB Ignitis Grupe is a utility and renewable energy company in the Baltic region. The group's core business is focused on operating electricity and gas distribution networks. It operates in four segments: Customers & Solutions, which is into electricity and gas supply, trading and balancing, energy efficiency projects, construction of solar power plants for businesses and residents, installation and operation of electric vehicle charging stations, and energy solutions; Networks segment, which is engaged in the operation, maintenance, management and development of electricity and gas distribution networks; Green Generation segment; and Flexible Generation segment. The vast majority of the revenue comes from the Customers & Solutions and Network segments.

AB Ignitis Grupe (FRA:IGV0) Headlines

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