CIA Energetica Do Rio Grande Norte - COSERN (BSP:CSRN3) Days Payable

: 40.18 (As of Dec. 2023)

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CIA Energetica Do Rio Grande Norte - COSERN's average Accounts Payable for the three months ended in Dec. 2023 was R$288 Mil. CIA Energetica Do Rio Grande Norte - COSERN's Cost of Goods Sold for the three months ended in Dec. 2023 was R$653 Mil. Hence, CIA Energetica Do Rio Grande Norte - COSERN's Days Payable for the three months ended in Dec. 2023 was 40.18.

The historical rank and industry rank for CIA Energetica Do Rio Grande Norte - COSERN's Days Payable or its related term are showing as below:

BSP:CSRN3' s Days Payable Range Over the Past 10 Years
Min: 38.94 Med: 45.81 Max: 58.34
Current: 38.94

During the past 13 years, CIA Energetica Do Rio Grande Norte - COSERN's highest Days Payable was 58.34. The lowest was 38.94. And the median was 45.81.

BSP:CSRN3's Days Payable is ranked worse than
76.57% of 495 companies
in the Utilities - Regulated industry
Industry Median: 66.87 vs BSP:CSRN3: 38.94

CIA Energetica Do Rio Grande Norte - COSERN's Days Payable increased from Dec. 2022 (39.94) to Dec. 2023 (40.18). It may suggest that CIA Energetica Do Rio Grande Norte - COSERN delayed paying its suppliers.

CIA Energetica Do Rio Grande Norte - COSERN Days Payable Historical Data

The historical data trend for CIA Energetica Do Rio Grande Norte - COSERN'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.

* Premium members only.

CIA Energetica Do Rio Grande Norte - COSERN Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

41.01

49.06

44.05

41.76

39.02

CIA Energetica Do Rio Grande Norte - COSERN Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																39.94	36.26	39.97	39.37	40.18

Competitive Comparison

For the Utilities - Regulated Electric subindustry, CIA Energetica Do Rio Grande Norte - COSERN'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.

CIA Energetica Do Rio Grande Norte - COSERN Days Payable Distribution

For the Utilities - Regulated industry and Utilities sector, CIA Energetica Do Rio Grande Norte - COSERN's Days Payable distribution charts can be found below:

* The bar in red indicates where CIA Energetica Do Rio Grande Norte - COSERN's Days Payable falls into.

CIA Energetica Do Rio Grande Norte - COSERN 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.

CIA Energetica Do Rio Grande Norte - COSERN'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
=	( (244	+	294)	/	2 )	/	2516	*	365
=	269					/	2516	*	365
=	39.02

CIA Energetica Do Rio Grande Norte - COSERN'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
=	( (281	+	294)	/	2 )	/	653	*	365 / 4
=	287.5					/	653	*	365 / 4
=	40.18

CIA Energetica Do Rio Grande Norte - COSERN Days Payable Related Terms

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CIA Energetica Do Rio Grande Norte - COSERN (BSP:CSRN3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CIA Energetica Do Rio Grande Norte - COSERN (BSP:CSRN3) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CSRN6:Brazil CSRN5:Brazil

Address

Rua Mermoz 150, Natal, RN, BRA, 59025250

Website

http://www.cosern.com.br

CIA Energetica Do Rio Grande Norte - COSERN is a holding company in Brazil. The Company, through its subsidiaries, is mainly engaged in distribution, transmission, generation and marketing of electricity. The company operates as a public service concessionary of electrical power, aimed to study, project, construct and explore systems of production, transmission, transformation, distribution and commercialization of electrical energy and other alternative energy sources, renewable and nonrenewable.

CIA Energetica Do Rio Grande Norte - COSERN (BSP:CSRN3) Headlines

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