Companhia de Eletricidade do Estado da Bahia � Coelba (BSP:CEEB5) Days Payable : 41.84 (As of Mar. 2024)

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What is Companhia de Eletricidade do Estado da Bahia � Coelba Days Payable?

Companhia de Eletricidade do Estado da Bahia � Coelba's average Accounts Payable for the three months ended in Mar. 2024 was R$1,218 Mil. Companhia de Eletricidade do Estado da Bahia � Coelba's Cost of Goods Sold for the three months ended in Mar. 2024 was R$2,655 Mil. Hence, Companhia de Eletricidade do Estado da Bahia � Coelba's Days Payable for the three months ended in Mar. 2024 was 41.84.

The historical rank and industry rank for Companhia de Eletricidade do Estado da Bahia � Coelba's Days Payable or its related term are showing as below:

BSP:CEEB5' s Days Payable Range Over the Past 10 Years
Min: 38.71 Med: 48 Max: 60.87
Current: 38.71

During the past 13 years, Companhia de Eletricidade do Estado da Bahia � Coelba's highest Days Payable was 60.87. The lowest was 38.71. And the median was 48.00.

BSP:CEEB5's Days Payable is ranked worse than
76.97% of 495 companies
in the Utilities - Regulated industry
Industry Median: 66.88 vs BSP:CEEB5: 38.71

Companhia de Eletricidade do Estado da Bahia � Coelba's Days Payable increased from Mar. 2023 (36.50) to Mar. 2024 (41.84). It may suggest that Companhia de Eletricidade do Estado da Bahia � Coelba delayed paying its suppliers.

Companhia de Eletricidade do Estado da Bahia � Coelba Days Payable Historical Data

The historical data trend for Companhia de Eletricidade do Estado da Bahia � Coelba'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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Companhia de Eletricidade do Estado da Bahia � Coelba Days Payable Chart

Companhia de Eletricidade do Estado da Bahia � Coelba Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec21

Dec22

Dec23

Days Payable

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46.86

44.20

39.31

42.74

40.13

Companhia de Eletricidade do Estado da Bahia � Coelba Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															36.50	38.53	37.99	40.38	41.84

Competitive Comparison of Companhia de Eletricidade do Estado da Bahia � Coelba's Days Payable

For the Utilities - Regulated Electric subindustry, Companhia de Eletricidade do Estado da Bahia � Coelba'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.

Companhia de Eletricidade do Estado da Bahia � Coelba's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Companhia de Eletricidade do Estado da Bahia � Coelba's Days Payable distribution charts can be found below:

* The bar in red indicates where Companhia de Eletricidade do Estado da Bahia � Coelba's Days Payable falls into.

Companhia de Eletricidade do Estado da Bahia � Coelba 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.

Companhia de Eletricidade do Estado da Bahia � Coelba'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
=	( (1046	+	1258)	/	2 )	/	10477	*	365
=	1152					/	10477	*	365
=	40.13

Companhia de Eletricidade do Estado da Bahia � Coelba's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1258	+	1177)	/	2 )	/	2655	*	365 / 4
=	1217.5					/	2655	*	365 / 4
=	41.84

Companhia de Eletricidade do Estado da Bahia � Coelba Days Payable Related Terms

Thank you for viewing the detailed overview of Companhia de Eletricidade do Estado da Bahia � Coelba's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Companhia de Eletricidade do Estado da Bahia � Coelba (BSP:CEEB5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Companhia de Eletricidade do Estado da Bahia � Coelba (BSP:CEEB5) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CEEB3:Brazil

Address

Av Edgar Santos 300, Bloco A/1 Andar, Salvador, BA, BRA, 41186900

Website

http://www.coelba.com.br

Companhia de Eletricidade do Estado da Bahia - Coelba is a Neoenergia group that distributes electricity.

Companhia de Eletricidade do Estado da Bahia � Coelba (BSP:CEEB5) Headlines

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