Manila Electric Co (PHS:MER) Days Payable : 75.91 (As of Dec. 2023)

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What is Manila Electric Co Days Payable?

Manila Electric Co's average Accounts Payable for the three months ended in Dec. 2023 was ₱72,697 Mil. Manila Electric Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ₱87,385 Mil. Hence, Manila Electric Co's Days Payable for the three months ended in Dec. 2023 was 75.91.

The historical rank and industry rank for Manila Electric Co's Days Payable or its related term are showing as below:

PHS:MER' s Days Payable Range Over the Past 10 Years
Min: 52.41 Med: 58.87 Max: 76.64
Current: 68.51

During the past 13 years, Manila Electric Co's highest Days Payable was 76.64. The lowest was 52.41. And the median was 58.87.

PHS:MER's Days Payable is ranked better than
51.21% of 494 companies
in the Utilities - Regulated industry
Industry Median: 66.265 vs PHS:MER: 68.51

Manila Electric Co's Days Payable increased from Dec. 2022 (64.70) to Dec. 2023 (75.91). It may suggest that Manila Electric Co delayed paying its suppliers.

Manila Electric Co Days Payable Historical Data

The historical data trend for Manila Electric Co'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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Manila Electric Co Days Payable Chart

Manila Electric Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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55.84

75.00

76.64

61.44

72.45

Manila Electric Co Quarterly Data
	Mar19	Jun19	Sep19	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															64.70	66.98	58.94	69.09	75.91

Competitive Comparison of Manila Electric Co's Days Payable

For the Utilities - Regulated Electric subindustry, Manila Electric Co'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.

Manila Electric Co's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Manila Electric Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Manila Electric Co's Days Payable falls into.

Manila Electric Co 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.

Manila Electric Co'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
=	( (65960	+	75983)	/	2 )	/	357541	*	365
=	70971.5					/	357541	*	365
=	72.45

Manila Electric Co'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
=	( (69411	+	75983)	/	2 )	/	87385	*	365 / 4
=	72697					/	87385	*	365 / 4
=	75.91

Manila Electric Co Days Payable Related Terms

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Manila Electric Co (PHS:MER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Manila Electric Co (PHS:MER) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MAEOY:USA

Address

Ortigas Avenue, Barangay Ugong, Lopez Building, Pasig, PHL, 1605

Website

https://www.meralco.com.ph

Manila Electric Co, or Meralco, is an electric utility company serving the Philippines. Meralco generates, transmits, and distributes electricity through its portfolio of thermal power plants. The vast majority of the energy produced by the company comes from its natural gas and goal facilities. Meralco generates almost all of its revenue through the sale of electricity. While nearly all of the company's customers are residential entities, total energy sales are split fairly evenly between commercial, industrial, and residential customers. Meralco is the largest electric distribution company in the Philippines and serves dozens of cities and municipalities, including Metropolitan Manila.

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