Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) Days Payable

: 28.89 (As of Dec. 2023)

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Compania deneamento de Minas Gerais - COPASA MG's average Accounts Payable for the three months ended in Dec. 2023 was R$362 Mil. Compania deneamento de Minas Gerais - COPASA MG's Cost of Goods Sold for the three months ended in Dec. 2023 was R$1,143 Mil. Hence, Compania deneamento de Minas Gerais - COPASA MG's Days Payable for the three months ended in Dec. 2023 was 28.89.

The historical rank and industry rank for Compania deneamento de Minas Gerais - COPASA MG's Days Payable or its related term are showing as below:

BSP:CSMG3' s Days Payable Range Over the Past 10 Years
Min: 18.95 Med: 24.97 Max: 28.87
Current: 27.38

During the past 13 years, Compania deneamento de Minas Gerais - COPASA MG's highest Days Payable was 28.87. The lowest was 18.95. And the median was 24.97.

BSP:CSMG3's Days Payable is ranked worse than
88.69% of 495 companies
in the Utilities - Regulated industry
Industry Median: 66.78 vs BSP:CSMG3: 27.38

Compania deneamento de Minas Gerais - COPASA MG's Days Payable increased from Dec. 2022 (26.30) to Dec. 2023 (28.89). It may suggest that Compania deneamento de Minas Gerais - COPASA MG delayed paying its suppliers.

Compania deneamento de Minas Gerais - COPASA MG Days Payable Historical Data

The historical data trend for Compania deneamento de Minas Gerais - COPASA MG'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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Compania deneamento de Minas Gerais - COPASA MG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

24.29

24.53

25.40

28.67

28.87

Compania deneamento de Minas Gerais - COPASA MG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																26.30	28.55	24.28	26.54	28.89

Competitive Comparison

For the Utilities - Regulated Water subindustry, Compania deneamento de Minas Gerais - COPASA MG'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.

Compania deneamento de Minas Gerais - COPASA MG Days Payable Distribution

For the Utilities - Regulated industry and Utilities sector, Compania deneamento de Minas Gerais - COPASA MG's Days Payable distribution charts can be found below:

* The bar in red indicates where Compania deneamento de Minas Gerais - COPASA MG's Days Payable falls into.

Compania deneamento de Minas Gerais - COPASA MG 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.

Compania deneamento de Minas Gerais - COPASA MG'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
=	( (298.595	+	388.277)	/	2 )	/	4342.43	*	365
=	343.436					/	4342.43	*	365
=	28.87

Compania deneamento de Minas Gerais - COPASA MG'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
=	( (335.161	+	388.277)	/	2 )	/	1142.613	*	365 / 4
=	361.719					/	1142.613	*	365 / 4
=	28.89

Compania deneamento de Minas Gerais - COPASA MG Days Payable Related Terms

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Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Compania de Saneamento de Minas Gerais - COPASA MG (BSP:CSMG3) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua Mar de Espanha 525, Santo Antonio, Belo Horizonte, MG, BRA, 30330900

Website

http://www.copasa.com.br

COPASA MG provides water supply, sewage, and solid waste services. The company operates out of subsidiaries COPASA Serviços de Irrigaçao S.A., COPASA Aguas Minerais de Minas S.A, and COPANOR. COPASA Serviços de Irrigaçao S.A. manages, performs, and sells irrigation system services. COPASA Águas Minerais de Minas S.A. produces, bottles, distributes, and sells mineral water. COPANOR provides water supply and sewage treatment services across the North and Northeast regions of the State of Minas Gerais. A majority of revenue is derived from water services while the rest is derived from sewage services. The company operates out of Brazil, where a significant amount of revenue is generated.

Compania deneamento de Minas Gerais - COPASA MG (BSP:CSMG3) Headlines

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