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GuruFocus has detected 4 Warning Signs with WEC Energy Group Inc $WEC.
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WEC Energy Group Inc (NYSE:WEC)
Days Payable
56.46 (As of Mar. 2017)

WEC Energy Group Inc's payable for the three months ended in Mar. 2017 was $582 Mil. WEC Energy Group Inc's cost of goods sold for the three months ended in Mar. 2017 was $941 Mil. Hence, WEC Energy Group Inc's days payable for the three months ended in Mar. 2017 was 56.46.

WEC' s Days Payable Range Over the Past 10 Years
Min: 53.8   Max: 175.21
Current: 77.3

53.8
175.21

During the past 13 years, WEC Energy Group Inc's highest Days Payable was 175.21. The lowest was 53.80. And the median was 66.92.

WEC's Days Payable is ranked higher than
71% of the 395 Companies
in the Global Utilities - Regulated Electric industry.

( Industry Median: 76.25 vs. WEC: 77.30 )

WEC Energy Group Inc's days payable declined from Mar. 2016 (63.57) to Mar. 2017 (56.46). It may suggest that WEC Energy Group Inc accelerated paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

WEC Energy Group Inc's Days Payable for the fiscal year that ended in Dec. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=861.5/2647.4*365
=118.78

WEC Energy Group Inc's Days Payable for the quarter that ended in Mar. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=582.3/941.1*365 / 4
=56.46

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

WEC Energy Group Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 175.2165.3953.8062.1862.6281.7768.4458.69132.86118.78

WEC Energy Group Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
DaysPayable 63.3343.39200.88120.14109.0063.57111.39109.15105.4556.46
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