Algonquin Power & Utilities (Algonquin Power & Utilities) Days Payable : 101.10 (As of Dec. 2023)

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What is Algonquin Power & Utilities Days Payable?

Algonquin Power & Utilities's average Accounts Payable for the three months ended in Dec. 2023 was $196 Mil. Algonquin Power & Utilities's Cost of Goods Sold for the three months ended in Dec. 2023 was $177 Mil. Hence, Algonquin Power & Utilities's Days Payable for the three months ended in Dec. 2023 was 101.10.

The historical rank and industry rank for Algonquin Power & Utilities's Days Payable or its related term are showing as below:

AQN' s Days Payable Range Over the Past 10 Years
Min: 36.04 Med: 87.67 Max: 157.79
Current: 90.89

During the past 13 years, Algonquin Power & Utilities's highest Days Payable was 157.79. The lowest was 36.04. And the median was 87.67.

AQN's Days Payable is ranked better than
55.44% of 386 companies
in the Utilities - Independent Power Producers industry
Industry Median: 80.305 vs AQN: 90.89

Algonquin Power & Utilities's Days Payable increased from Dec. 2022 (55.39) to Dec. 2023 (101.10). It may suggest that Algonquin Power & Utilities delayed paying its suppliers.

Algonquin Power & Utilities Days Payable Historical Data

The historical data trend for Algonquin Power & Utilities'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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Algonquin Power & Utilities Days Payable Chart

Algonquin Power & Utilities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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98.83

155.87

96.49

78.23

98.32

Algonquin Power & Utilities 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															55.39	54.80	108.81	121.67	101.10

Competitive Comparison of Algonquin Power & Utilities's Days Payable

For the Utilities - Renewable subindustry, Algonquin Power & Utilities'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.

Algonquin Power & Utilities's Days Payable Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where Algonquin Power & Utilities's Days Payable falls into.

Algonquin Power & Utilities 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.

Algonquin Power & Utilities'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
=	( (186.08	+	210.412)	/	2 )	/	735.945	*	365
=	198.246					/	735.945	*	365
=	98.32

Algonquin Power & Utilities'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
=	( (182.526	+	210.412)	/	2 )	/	177.319	*	365 / 4
=	196.469					/	177.319	*	365 / 4
=	101.10

Algonquin Power & Utilities Days Payable Related Terms

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Algonquin Power & Utilities (Algonquin Power & Utilities) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Algonquin Power & Utilities Corp (NYSE:AQN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AQNU:USA AGQPF.PFD:USA 751:Germany AQN.PR.D.PFD:Canada AQN.PR.A.PFD:Canada AQN:Canada

Address

354 Davis Road, Oakville, ON, CAN, L6J 2X1

Website

https://www.algonquinpower.com

Algonquin Power & Utilities Corp, a parent company of Liberty, is a diversified international generation, transmission, and distribution utility with over $16 billion of total assets. Through its two business groups, the Regulated Services Group and the Renewable Energy Group, AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN provides renewable energy through its portfolio of long-term contracted wind, solar, and hydroelectric generating facilities.