Good Energy Group (LSE:GOOD) Days Payable : 79.30 (As of Dec. 2023)

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What is Good Energy Group Days Payable?

Good Energy Group's average Accounts Payable for the six months ended in Dec. 2023 was £37.8 Mil. Good Energy Group's Cost of Goods Sold for the six months ended in Dec. 2023 was £87.0 Mil. Hence, Good Energy Group's Days Payable for the six months ended in Dec. 2023 was 79.30.

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

LSE:GOOD' s Days Payable Range Over the Past 10 Years
Min: 4.1 Med: 13.78 Max: 50.34
Current: 50.34

During the past 13 years, Good Energy Group's highest Days Payable was 50.34. The lowest was 4.10. And the median was 13.78.

LSE:GOOD's Days Payable is ranked worse than
63.5% of 389 companies
in the Utilities - Independent Power Producers industry
Industry Median: 79.06 vs LSE:GOOD: 50.34

Good Energy Group's Days Payable increased from Dec. 2022 (46.70) to Dec. 2023 (79.30). It may suggest that Good Energy Group delayed paying its suppliers.

Good Energy Group Days Payable Historical Data

The historical data trend for Good Energy Group'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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Good Energy Group Days Payable Chart

Good Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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4.10

5.75

12.94

15.01

11.75

Good Energy Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															61.37	55.69	46.70	62.81	79.30

Competitive Comparison of Good Energy Group's Days Payable

For the Utilities - Renewable subindustry, Good Energy Group'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.

Good Energy Group's Days Payable Distribution in the Utilities - Independent Power Producers Industry

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

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

Good Energy Group 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.

Good Energy Group'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
=	( (11.465	+	2.09)	/	2 )	/	210.458	*	365
=	6.7775					/	210.458	*	365
=	11.75

Good Energy Group'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (73.517	+	2.09)	/	2 )	/	87.001	*	365 / 2
=	37.8035					/	87.001	*	365 / 2
=	79.30

Good Energy Group Days Payable Related Terms

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Good Energy Group (LSE:GOOD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Good Energy Group PLC (LSE:GOOD) » Definitions » Days Payable

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G0J:Germany

Address

Monkton Park Offices, Monkton Park, Chippenham, Wiltshire, GBR, SN15 1GH

Website

https://www.goodenergy.co.uk

Good Energy Group PLC is a developer and supplier of electricity in the United Kingdom. It is engaged in the purchase, generation, and sale of electricity from renewable sources, the sale of gas, services relating to micro-renewable generation, and the development of new electricity generation sites. Its segments are Electricity Supply, FiT Administration, Gas Supply, Energy as a Service (including Zap-map, nextgreencar.com, and Igloo Works Limited), and Holding companies. The company generates a vast majority of its revenues from Electricity Supply companies.