Frendy Energy SpA (MIL:FRE) Days Payable : 34.03 (As of Dec. 2023)

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What is Frendy Energy SpA Days Payable?

Frendy Energy SpA's average Accounts Payable for the six months ended in Dec. 2023 was €0.10 Mil. Frendy Energy SpA's Cost of Goods Sold for the six months ended in Dec. 2023 was €0.56 Mil. Hence, Frendy Energy SpA's Days Payable for the six months ended in Dec. 2023 was 34.03.

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

MIL:FRE' s Days Payable Range Over the Past 10 Years
Min: 26.28 Med: 132.2 Max: 384.83
Current: 39.37

During the past 13 years, Frendy Energy SpA's highest Days Payable was 384.83. The lowest was 26.28. And the median was 132.20.

MIL:FRE's Days Payable is ranked worse than
71.65% of 388 companies
in the Utilities - Independent Power Producers industry
Industry Median: 79.005 vs MIL:FRE: 39.37

Frendy Energy SpA's Days Payable increased from Dec. 2022 (25.05) to Dec. 2023 (34.03). It may suggest that Frendy Energy SpA delayed paying its suppliers.

Frendy Energy SpA Days Payable Historical Data

The historical data trend for Frendy Energy SpA'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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Frendy Energy SpA Days Payable Chart

Frendy Energy SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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104.34

49.45

26.28

34.45

44.03

Frendy Energy SpA 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															27.72	10.89	25.05	40.35	34.03

Competitive Comparison of Frendy Energy SpA's Days Payable

For the Utilities - Renewable subindustry, Frendy Energy SpA'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.

Frendy Energy SpA's Days Payable Distribution in the Utilities - Independent Power Producers Industry

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

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

Frendy Energy SpA 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.

Frendy Energy SpA'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
=	( (0.135	+	0.12)	/	2 )	/	1.057	*	365
=	0.1275					/	1.057	*	365
=	44.03

Frendy Energy SpA'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
=	( (0.087	+	0.12)	/	2 )	/	0.555	*	365 / 2
=	0.1035					/	0.555	*	365 / 2
=	34.03

Frendy Energy SpA Days Payable Related Terms

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Frendy Energy SpA (MIL:FRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Frendy Energy SpA (MIL:FRE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Foro Buonaparte, 31, Milano, ITA, 20121

Website

http://www.frendyenergy.it

Frendy Energy SpA is an Italian company. It is engaged in building and operating mini hydropower plants towards the production and sale of electricity.

Frendy Energy SpA (MIL:FRE) Headlines

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