Empresa Metropolitana de Aguas & Energia (BSP:EMAE4) Days Payable : 5.88 (As of Dec. 2023)

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What is Empresa Metropolitana de Aguas & Energia Days Payable?

Empresa Metropolitana de Aguas & Energia's average Accounts Payable for the three months ended in Dec. 2023 was R$7.4 Mil. Empresa Metropolitana de Aguas & Energia's Cost of Goods Sold for the three months ended in Dec. 2023 was R$115.4 Mil. Hence, Empresa Metropolitana de Aguas & Energia's Days Payable for the three months ended in Dec. 2023 was 5.88.

The historical rank and industry rank for Empresa Metropolitana de Aguas & Energia's Days Payable or its related term are showing as below:

BSP:EMAE4' s Days Payable Range Over the Past 10 Years
Min: 5.4 Med: 8.73 Max: 16.84
Current: 7.7

During the past 13 years, Empresa Metropolitana de Aguas & Energia's highest Days Payable was 16.84. The lowest was 5.40. And the median was 8.73.

BSP:EMAE4's Days Payable is ranked worse than
97.98% of 495 companies
in the Utilities - Regulated industry
Industry Median: 67.1 vs BSP:EMAE4: 7.70

Empresa Metropolitana de Aguas & Energia's Days Payable declined from Dec. 2022 (6.01) to Dec. 2023 (5.88). It may suggest that Empresa Metropolitana de Aguas & Energia accelerated paying its suppliers.

Empresa Metropolitana de Aguas & Energia Days Payable Historical Data

The historical data trend for Empresa Metropolitana de Aguas & Energia'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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Empresa Metropolitana de Aguas & Energia Days Payable Chart

Empresa Metropolitana de Aguas & Energia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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5.85

7.67

5.40

6.69

6.29

Empresa Metropolitana de Aguas & Energia 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															6.01	7.83	9.03	9.62	5.88

Competitive Comparison of Empresa Metropolitana de Aguas & Energia's Days Payable

For the Utilities - Diversified subindustry, Empresa Metropolitana de Aguas & Energia'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.

Empresa Metropolitana de Aguas & Energia's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Empresa Metropolitana de Aguas & Energia's Days Payable distribution charts can be found below:

* The bar in red indicates where Empresa Metropolitana de Aguas & Energia's Days Payable falls into.

Empresa Metropolitana de Aguas & Energia 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.

Empresa Metropolitana de Aguas & Energia'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
=	( (10.124	+	5.136)	/	2 )	/	442.849	*	365
=	7.63					/	442.849	*	365
=	6.29

Empresa Metropolitana de Aguas & Energia'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
=	( (9.74	+	5.136)	/	2 )	/	115.36	*	365 / 4
=	7.438					/	115.36	*	365 / 4
=	5.88

Empresa Metropolitana de Aguas & Energia Days Payable Related Terms

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Empresa Metropolitana de Aguas & Energia (BSP:EMAE4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Empresa Metropolitana de Aguas & Energia SA (BSP:EMAE4) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

EMAE3:Brazil

Address

Avenida Jornalista Roberto Marinho, No. 85, 16th Floor, Bairro de Cidade Monçoes, Sao Paulo, SP, BRA, 04447011

Website

https://www.emae.com.br

Empresa Metropolitana de Aguas & Energia SA is engaged in the ownership and operation of hydraulic and electric power generation system. It focuses on power generation, flood control, and water supply for residential, recreation and fishing activities.

Empresa Metropolitana de Aguas & Energia (BSP:EMAE4) Headlines

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