AltaGas (TSX:ALA.PR.A.PFD) Days Payable

: 62.44 (As of Dec. 2023)

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AltaGas's average Accounts Payable for the three months ended in Dec. 2023 was C$1,721.00 Mil. AltaGas's Cost of Goods Sold for the three months ended in Dec. 2023 was C$2,515.00 Mil. Hence, AltaGas's Days Payable for the three months ended in Dec. 2023 was 62.44.

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

TSX:ALA.PR.A.PFD' s Days Payable Range Over the Past 10 Years
Min: 56.46 Med: 111.19 Max: 165.73
Current: 58.7

During the past 13 years, AltaGas's highest Days Payable was 165.73. The lowest was 56.46. And the median was 111.19.

TSX:ALA.PR.A.PFD's Days Payable is ranked worse than
51.22% of 900 companies
in the Oil & Gas industry
Industry Median: 60.305 vs TSX:ALA.PR.A.PFD: 58.70

AltaGas's Days Payable increased from Dec. 2022 (54.20) to Dec. 2023 (62.44). It may suggest that AltaGas delayed paying its suppliers.

AltaGas Days Payable Historical Data

The historical data trend for AltaGas'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.

AltaGas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

159.10

165.73

73.52

56.46

67.95

AltaGas Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																54.20	49.23	67.31	51.20	62.44

Competitive Comparison

For the Oil & Gas Midstream subindustry, AltaGas'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.

AltaGas Days Payable Distribution

For the Oil & Gas industry and Energy sector, AltaGas's Days Payable distribution charts can be found below:

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

AltaGas 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.

AltaGas'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
=	( (1902	+	1863)	/	2 )	/	10112	*	365
=	1882.5					/	10112	*	365
=	67.95

AltaGas'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
=	( (1579	+	1863)	/	2 )	/	2515	*	365 / 4
=	1721					/	2515	*	365 / 4
=	62.44

AltaGas Days Payable Related Terms

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AltaGas (TSX:ALA.PR.A.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » AltaGas Ltd (TSX:ALA.PR.A.PFD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ATGFF:USA AQ3:Germany ALA.PR.H.PFD:Canada ALA.PR.G.PFD:Canada ALA.PR.B.PFD:Canada ALA:Canada

Address

1700, 355 - 4th Avenue S.W., Calgary, AB, CAN, T2P 0J1

Website

https://www.altagas.ca

AltaGas Ltd owns and operates a diversified basket of energy infrastructure businesses. Business is conducted through given segments: Midstream, Utilities and Corporate/other. Utility business owns and operates rate-regulated natural gas distribution assets across North America. Midstream business subsequent to the sale of non-core midstream assets in Canada and also engaged in natural gas liquid processing and extraction, transportation, and storage. Natural gas is sold and purchased for both commercial and industrial users. Revenue is derived from customers in both Canada and the United States, with Canadian customers contributing the most.

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