Drax Group (Drax Group) Days Payable : 54.56 (As of Dec. 2023)

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What is Drax Group Days Payable?

Drax Group's average Accounts Payable for the six months ended in Dec. 2023 was $1,108 Mil. Drax Group's Cost of Goods Sold for the six months ended in Dec. 2023 was $3,707 Mil. Hence, Drax Group's Days Payable for the six months ended in Dec. 2023 was 54.56.

The historical rank and industry rank for Drax Group's Days Payable or its related term are showing as below:

DRXGY' s Days Payable Range Over the Past 10 Years
Min: 5.13 Med: 14.34 Max: 57.57
Current: 37.61

During the past 13 years, Drax Group's highest Days Payable was 57.57. The lowest was 5.13. And the median was 14.34.

DRXGY's Days Payable is ranked worse than
73.39% of 387 companies
in the Utilities - Independent Power Producers industry
Industry Median: 81.57 vs DRXGY: 37.61

Drax Group's Days Payable increased from Dec. 2022 (35.78) to Dec. 2023 (54.56). It may suggest that Drax Group delayed paying its suppliers.

Drax Group Days Payable Historical Data

The historical data trend for Drax Group'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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Drax Group Days Payable Chart

Drax Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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13.56

14.70

57.63

39.87

8.64

Drax Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															86.79	81.75	35.78	49.44	54.56

Competitive Comparison of Drax Group's Days Payable

For the Utilities - Renewable subindustry, Drax Group'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.

Drax Group's Days Payable Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Drax Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Drax Group's Days Payable falls into.

Drax Group 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.

Drax Group'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
=	( (186.236	+	183.797)	/	2 )	/	7812.279	*	365
=	185.0165					/	7812.279	*	365
=	8.64

Drax Group'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2032.449	+	183.797)	/	2 )	/	3706.582	*	365 / 2
=	1108.123					/	3706.582	*	365 / 2
=	54.56

Drax Group Days Payable Related Terms

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Drax Group (Drax Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Drax Group PLC (OTCPK:DRXGY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

DRXGF:USA DRXl:UK DRX:UK D9F2:Germany

Address

Drax Power Station, Selby, North Yorkshire, GBR, YO8 8PH

Website

http://www.drax.com

Drax Group PLC is a UK-based renewable energy company engaged in renewable power generation, the production of sustainable biomass and the sale of renewable electricity to businesses. It operates a generation portfolio of sustainable biomass, hydro-electric and pumped hydro storage assets across four sites in England and Scotland. The company also operates a global bioenergy supply business with manufacturing facilities at around 13 sites in the United States and Canada, producing compressed wood pellets for its own use and for customers in Europe and Asia.