Fortum Oyj (LTS:0HAH) Days Payable

: 91.14 (As of Dec. 2023)

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Fortum Oyj's average Accounts Payable for the three months ended in Dec. 2023 was €1,216 Mil. Fortum Oyj's Cost of Goods Sold for the three months ended in Dec. 2023 was €1,217 Mil. Hence, Fortum Oyj's Days Payable for the three months ended in Dec. 2023 was 91.14.

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

LTS:0HAH' s Days Payable Range Over the Past 10 Years
Min: 30.66 Med: 58.59 Max: 992.17
Current: 113.31

During the past 13 years, Fortum Oyj's highest Days Payable was 992.17. The lowest was 30.66. And the median was 58.59.

LTS:0HAH's Days Payable is ranked better than
63.12% of 385 companies
in the Utilities - Independent Power Producers industry
Industry Median: 81.19 vs LTS:0HAH: 113.31

Fortum Oyj's Days Payable increased from Dec. 2022 (83.25) to Dec. 2023 (91.14). It may suggest that Fortum Oyj delayed paying its suppliers.

Fortum Oyj Days Payable Historical Data

The historical data trend for Fortum Oyj'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.

Fortum Oyj Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

43.60

30.66

992.17

507.79

132.16

Fortum Oyj Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																83.25	87.94	128.39	167.61	91.14

Competitive Comparison

For the Utilities - Renewable subindustry, Fortum Oyj'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.

Fortum Oyj Days Payable Distribution

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

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

Fortum Oyj 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.

Fortum Oyj'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
=	( (1657	+	1181)	/	2 )	/	3919	*	365
=	1419					/	3919	*	365
=	132.16

Fortum Oyj'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
=	( (1250	+	1181)	/	2 )	/	1217	*	365 / 4
=	1215.5					/	1217	*	365 / 4
=	91.14

Fortum Oyj Days Payable Related Terms

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Fortum Oyj (LTS:0HAH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Fortum Oyj (LTS:0HAH) » Definitions » Days Payable

Traded in Other Exchanges

FOJCY:USA FOJCF:USA FORTUM:Mexico 1FORT:Italy FORTMh:UK FORTUM:Finland FOT0:Germany

Address

Keilalahdentie 2-4, CD Building, P.O. Box 100, Espoo, FIN, FI-00048

Website

https://www.fortum.com

Fortum Oyj is a Finnish energy company that operates power plants, which use renewable energy sources (hydro, nuclear, and solar power) to sell electricity, heat, cooling, and power products and services. The company mainly operates in Nordic and Baltic countries, Russia, Poland, and India. Its main divisions of the company are generation (large-scale power production), city solutions (sustainable energy solutions), Russia (all Russian operations), technology and new ventures (research and development and in-house incubator for startups), mergers and acquisitions, and solar and wind development. The company's operating segments are Generation, City Solutions, Consumer Solutions, Russia, and Other.

Fortum Oyj (LTS:0HAH) Headlines

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