Ennogie Solar Group AS (OCSE:ESG) Days Payable

: 40.12 (As of Dec. 2023)

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Ennogie Solar Group AS's average Accounts Payable for the three months ended in Dec. 2023 was kr9.20 Mil. Ennogie Solar Group AS's Cost of Goods Sold for the three months ended in Dec. 2023 was kr20.93 Mil. Hence, Ennogie Solar Group AS's Days Payable for the three months ended in Dec. 2023 was 40.12.

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

OCSE:ESG' s Days Payable Range Over the Past 10 Years
Min: 33.68 Med: 83.36 Max: 29333.41
Current: 36.5

During the past 13 years, Ennogie Solar Group AS's highest Days Payable was 29333.41. The lowest was 33.68. And the median was 83.36.

OCSE:ESG's Days Payable is ranked worse than
69.13% of 962 companies
in the Semiconductors industry
Industry Median: 51.83 vs OCSE:ESG: 36.50

Ennogie Solar Group AS's Days Payable increased from Dec. 2022 (24.57) to Dec. 2023 (40.12). It may suggest that Ennogie Solar Group AS delayed paying its suppliers.

Ennogie Solar Group AS Days Payable Historical Data

The historical data trend for Ennogie Solar Group AS'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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Ennogie Solar Group AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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124.80

33.68

41.92

Ennogie Solar Group AS 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															24.57	26.83	38.36	34.22	40.12

Competitive Comparison

For the Solar subindustry, Ennogie Solar Group AS'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.

Ennogie Solar Group AS Days Payable Distribution

For the Semiconductors industry and Technology sector, Ennogie Solar Group AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Ennogie Solar Group AS's Days Payable falls into.

Ennogie Solar Group AS 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.

Ennogie Solar Group AS'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
=	( (3.934	+	12.498)	/	2 )	/	71.545	*	365
=	8.216					/	71.545	*	365
=	41.92

Ennogie Solar Group AS'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
=	( (5.908	+	12.498)	/	2 )	/	20.932	*	365 / 4
=	9.203					/	20.932	*	365 / 4
=	40.12

Ennogie Solar Group AS Days Payable Related Terms

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Ennogie Solar Group AS (OCSE:ESG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Ennogie Solar Group AS (OCSE:ESG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

B0W:Germany

Address

Christian IX's Street 2, 2, Copenhagen, DNK, 1111

Website

https://www.ennogiesolargroup.com

Ennogie Solar Group AS is a developer and manufacturer of building-integrated solar roofs. The design of the Ennogie solar roof matches well both for new constructions and older buildings.

Ennogie Solar Group AS (OCSE:ESG) Days Payable

Ennogie Solar Group AS Days Payable Historical Data

Ennogie Solar Group AS Days Payable Calculation

Ennogie Solar Group AS Days Payable Related Terms

Ennogie Solar Group AS (OCSE:ESG) Business Description

Ennogie Solar Group AS (OCSE:ESG) Headlines