Fortis (Fortis) Days Payable

: 194.91 (As of Dec. 2023)

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Fortis's average Accounts Payable for the three months ended in Dec. 2023 was $1,431 Mil. Fortis's Cost of Goods Sold for the three months ended in Dec. 2023 was $670 Mil. Hence, Fortis's Days Payable for the three months ended in Dec. 2023 was 194.91.

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

FTS' s Days Payable Range Over the Past 10 Years
Min: 72.27 Med: 91.19 Max: 196.31
Current: 196.31

During the past 13 years, Fortis's highest Days Payable was 196.31. The lowest was 72.27. And the median was 91.19.

FTS's Days Payable is ranked better than
83.84% of 495 companies
in the Utilities - Regulated industry
Industry Median: 66.78 vs FTS: 196.31

Fortis's Days Payable increased from Dec. 2022 (135.66) to Dec. 2023 (194.91). It may suggest that Fortis delayed paying its suppliers.

Fortis Days Payable Historical Data

The historical data trend for Fortis'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.

Fortis Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

102.80

102.60

91.56

78.85

90.26

Fortis Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																135.66	133.90	307.50	315.88	194.91

Competitive Comparison

For the Utilities - Regulated Electric subindustry, Fortis'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.

Fortis Days Payable Distribution

For the Utilities - Regulated industry and Utilities sector, Fortis's Days Payable distribution charts can be found below:

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

Fortis 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.

Fortis'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
=	( (652.19	+	737.925)	/	2 )	/	2810.823	*	365
=	695.0575					/	2810.823	*	365
=	90.26

Fortis'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
=	( (2124.751	+	737.925)	/	2 )	/	670.095	*	365 / 4
=	1431.338					/	670.095	*	365 / 4
=	194.91

Fortis Days Payable Related Terms

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Fortis (Fortis) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Fortis Inc (NYSE:FTS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

FORFF.PFD:USA FTRSF.PFD:USA 12F:Germany 12F:Germany FTS.PR.M.PFD:Canada FTS.PR.K.PFD:Canada FTS.PR.J.PFD:Canada FTS.PR.I.PFD:Canada FTS.PR.H.PFD:Canada FTS.PR.G.PFD:Canada FTS.PR.F.PFD:Canada FTS:Canada

Address

5 Springdale Street, Suite 1100, Fortis Place, St. John’s, NL, CAN, A1E 0E4

Website

https://www.fortisinc.com

Fortis owns and operates eight utility transmission and distribution subsidiaries in Canada and the United States, serving more than 3.4 million electricity and gas customers. The company has smaller stakes in electricity generation and several Caribbean utilities. Subsidiary ITC operates electric transmission in seven U.S. states, with more than 16,000 miles of high-voltage transmission lines in operation.