Avangrid (Avangrid) Days Payable : 111.68 (As of Mar. 2024)

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What is Avangrid Days Payable?

Avangrid's average Accounts Payable for the three months ended in Mar. 2024 was $1,856 Mil. Avangrid's Cost of Goods Sold for the three months ended in Mar. 2024 was $1,516 Mil. Hence, Avangrid's Days Payable for the three months ended in Mar. 2024 was 111.68.

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

AGR' s Days Payable Range Over the Past 10 Years
Min: 72.4 Med: 125.82 Max: 138.98
Current: 112.77

During the past 13 years, Avangrid's highest Days Payable was 138.98. The lowest was 72.40. And the median was 125.82.

AGR's Days Payable is ranked better than
72.73% of 495 companies
in the Utilities - Regulated industry
Industry Median: 67.1 vs AGR: 112.77

Avangrid's Days Payable increased from Mar. 2023 (95.14) to Mar. 2024 (111.68). It may suggest that Avangrid delayed paying its suppliers.

Avangrid Days Payable Historical Data

The historical data trend for Avangrid'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.

Avangrid Days Payable Chart

Avangrid Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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125.13

138.98

129.92

126.50

130.83

Avangrid Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															95.14	131.50	94.85	115.74	111.68

Competitive Comparison of Avangrid's Days Payable

For the Utilities - Regulated Electric subindustry, Avangrid'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.

Avangrid's Days Payable Distribution in the Utilities - Regulated Industry

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

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

Avangrid 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.

Avangrid'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
=	( (2046	+	1924)	/	2 )	/	5538	*	365
=	1985					/	5538	*	365
=	130.83

Avangrid's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1924	+	1787)	/	2 )	/	1516	*	365 / 4
=	1855.5					/	1516	*	365 / 4
=	111.68

Avangrid Days Payable Related Terms

Thank you for viewing the detailed overview of Avangrid's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Avangrid (Avangrid) Business Description

Industry

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

Comparable Companies

LNT EVRG CMS CNP AEE PNW PPL ES OGE FE NEE SO DUK LSE:NG. AEP PCG D BOM:532555 EXC PEG

Traded in Other Exchanges

12A:Germany

Address

180 Marsh Hill Road, Orange, CT, USA, 06477

Website

https://www.avangrid.com

Avangrid operates two business units, Networks and Renewables. Networks operates eight regulated electric and natural gas utilities across New York, Maine, Connecticut, and Massachusetts, serving over 3 million customers. Renewables has historically focused on developing onshore wind projects but is looking to make developments in solar and offshore wind over the next five years. It operates more than 8.6 gigawatts of renewable energy across the U.S. Spanish utility Iberdrola spun off Avangrid's predecessor, Iberdrola USA, in 2015. Iberdrola owns 81.5% of Avangrid.

Executives

Alan D Solomont	director	C/O IBERDROLA USA, INC., DURHAM HALL, 52 FARM VIEW DRIVE, NEW GLOUCESTER ME 04260
Justin Lagasse	officer: Interim Controller	C/O AVANGRID, INC., 162 CANCO ROAD, PORTLAND ME 04103
Martin Agustin Delgado	director	162 CANCO ROAD, PORTLAND ME 04103
Banez Garcia Maria Fatima	director	162 CANCO ROAD, PORTLAND ME 04103
Camille Joseph Varlack	director	162 CANCO ROAD, PORTLAND ME 04103
Patricia C Cosgel	officer: See Below	162 CANCO ROAD, PORTLAND ME 04103
William Henry White	officer: See Below	162 CANCO ROAD, PORTLAND ME 04103
Miranda Soto Jose Antonio	officer: See Below	162 CANCO RD, PORTLAND ME 04103
Joseph A Purington	officer: See Below	162 CANCO ROAD, PORTLAND ME 04103
S.a. Iberdrola,	10 percent owner	CARDENAL GARDOQUI, 8, BILBAO U3 48008
Catherine S Stempien	officer: See Below	162 CANCO ROAD, PORTLAND ME 04103
Dennis V Arriola	director, officer: Chief Executive Officer	162 CANCO ROAD, PORTLAND ME 04103
Franklyn Reynolds	officer: See Below	162 CANCO ROAD, PORTLAND ME 04103
Marra Rodriguez Jose Angel	director	162 CANCO ROAD, PORTLAND ME 04103
David T Flanagan	director, officer: See Below	C/O ENERGY EAST CORPORATON, PO BOX 1290 STE 1955 1 COMMERCE PLAZA, ALBANY NY 12212-2904