ALLETE (ALLETE) Days Payable : 34.72 (As of Dec. 2023)

View and export this data going back to 1998. Start your Free Trial

What is ALLETE Days Payable?

ALLETE's average Accounts Payable for the three months ended in Dec. 2023 was $107 Mil. ALLETE's Cost of Goods Sold for the three months ended in Dec. 2023 was $282 Mil. Hence, ALLETE's Days Payable for the three months ended in Dec. 2023 was 34.72.

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

ALE' s Days Payable Range Over the Past 10 Years
Min: 25.82 Med: 40.88 Max: 71.38
Current: 25.82

During the past 13 years, ALLETE's highest Days Payable was 71.38. The lowest was 25.82. And the median was 40.88.

ALE's Days Payable is ranked worse than
89.7% of 495 companies
in the Utilities - Regulated industry
Industry Median: 67.1 vs ALE: 25.82

ALLETE's Days Payable increased from Dec. 2022 (33.03) to Dec. 2023 (34.72). It may suggest that ALLETE delayed paying its suppliers.

ALLETE Days Payable Historical Data

The historical data trend for ALLETE'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.

ALLETE Days Payable Chart

ALLETE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

71.38

67.48

41.77

34.75

26.94

ALLETE Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															33.03	19.71	19.44	34.81	34.72

Competitive Comparison of ALLETE's Days Payable

For the Utilities - Diversified subindustry, ALLETE'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.

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

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

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

ALLETE 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.

ALLETE'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
=	( (103	+	102.2)	/	2 )	/	1389.9	*	365
=	102.6					/	1389.9	*	365
=	26.94

ALLETE'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
=	( (112.3	+	102.2)	/	2 )	/	281.9	*	365 / 4
=	107.25					/	281.9	*	365 / 4
=	34.72

ALLETE Days Payable Related Terms

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

ALLETE (ALLETE) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

AEBA:Germany

Address

30 West Superior Street, Duluth, MN, USA, 55802-2093

Website

https://www.allete.com

ALLETE Inc is a provider of competitively-priced energy in America's Upper Midwest region and invests in transmission infrastructure and other energy-centric businesses. The company's two reportable segments are 1) Regulated Operations includes the company's regulated utilities, Minnesota Power and SWL&P, as well as investment in ATC, a Wisconsin-based regulated utility that owns and maintains electric transmission assets in portions of Wisconsin, Michigan, Minnesota and Illinois. 2) ALLETE Clean Energy focuses on developing, acquiring, and operating clean and renewable energy projects.

Executives

Joshua John Skelton	officer: VP ALLETE; COO MN Power	30 WEST SUPERIOR STREET, DULUTH MN 55802
Charles R Matthews	director	231 W. MICHIGAN STREET, MILWAUKEE WI 53203
Charlene A Thomas	director	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Heidi J Eddins	director	30 W. SUPERIOR STREET, DULUTH MN 55802
Barbara A Nick	director
Alan R Hodnik	director, officer: President	30 WEST SUPERIOR STREET, DULUTH MN 55802-2093
Robert John Adams	officer: VP Bus. Deve. Chief Risk Offic	30 WEST SUPERIOR STREET, DULUTH MN 55802-2093
Madeleine W Ludlow	director	C/O OGLEBAY NORTON COMPANY, 1001 LAKESIDE AVENUE - 15TH FLOOR, CLEVELAND OH 44114
Nicole Renee Johnson	officer: VP & Chief Admin Off	30 WEST SUPERIOR STREET, DULUTH MN 55802
Kathryn W Dindo	director	C/O FIRSTENERGY CORP, 76 SOUTH MAIN STREET, AKRON OH 44308
Margaret A Thickens	officer: VP, CLO & Secretary	30 WEST SUPERIOR STREET, DULUTH MN 55802
James J Hoolihan	director	30 WEST SUPERIOR STREET, DULUTH MN 55802-2093
Susan K Nestegard	director	AMERICAN CAPITAL, LTD., 2 BETHESDA METRO, 14TH FLOOR, BETHESDA MD 20814
Robert P Powers	director	AMERICAN ELECTRIC POWER, 1 RIVERSIDE PLAZA, COLUMBUS OH 43215
Steven Q Devinck	officer: Controller	30 WEST SUPERIOR STREET, DULUTH MN 55802-2093