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Energy Company of Minas Gerais  (NYSE:CIG) Days Payable: 42.96 (As of Jun. 2017)

Energy Company of Minas Gerais's payable for the three months ended in Jun. 2017 was $581 Mil. Energy Company of Minas Gerais's Cost of Goods Sold for the three months ended in Jun. 2017 was $1,235 Mil. Hence, Energy Company of Minas Gerais's days payable for the three months ended in Jun. 2017 was 42.96.

NYSE:CIG' s Days Payable Range Over the Past 10 Years
Min: 39.51   Max: 100.09
Current: 47.3

39.51
100.09

During the past 13 years, Energy Company of Minas Gerais's highest Days Payable was 100.09. The lowest was 39.51. And the median was 47.40.

NYSE:CIG's Days Payable is ranked lower than
64% of the 396 Companies
in the Global industry.

( Industry Median: 65.53 vs. NYSE:CIG: 47.30 )

Energy Company of Minas Gerais's days payable increased from Jun. 2016 (37.99) to Jun. 2017 (42.96). It may suggest that Energy Company of Minas Gerais delayed paying its suppliers.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Energy Company of Minas Gerais Annual Data

Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 49.17 39.51 45.73 43.96 49.07

Energy Company of Minas Gerais Quarterly Data

Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 37.99 89.28 30.96 44.09 42.96

Competitive Comparison
* 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.


Calculation

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Energy Company of Minas Gerais's Days Payable for the fiscal year that ended in Dec. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=578.413834228/4302.3255814*365
=49.07

Energy Company of Minas Gerais's Days Payable for the quarter that ended in Jun. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=581.416519998/1234.87163925*365 / 4
=42.96

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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