Essential Utilities (Essential Utilities) Days Payable

: 96.92 (As of Dec. 2023)

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Essential Utilities's average Accounts Payable for the three months ended in Dec. 2023 was $207 Mil. Essential Utilities's Cost of Goods Sold for the three months ended in Dec. 2023 was $194 Mil. Hence, Essential Utilities's Days Payable for the three months ended in Dec. 2023 was 96.92.

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

WTRG' s Days Payable Range Over the Past 10 Years
Min: 63.69 Med: 73.2 Max: 90.49
Current: 77.62

During the past 13 years, Essential Utilities's highest Days Payable was 90.49. The lowest was 63.69. And the median was 73.20.

WTRG's Days Payable is ranked better than
58.99% of 495 companies
in the Utilities - Regulated industry
Industry Median: 66.87 vs WTRG: 77.62

Essential Utilities's Days Payable increased from Dec. 2022 (48.23) to Dec. 2023 (96.92). It may suggest that Essential Utilities delayed paying its suppliers.

Essential Utilities Days Payable Historical Data

The historical data trend for Essential Utilities'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.

Essential Utilities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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83.41

66.34

75.89

64.82

90.49

Essential Utilities 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															48.23	45.65	87.02	103.41	96.92

Competitive Comparison

For the Utilities - Regulated Water subindustry, Essential Utilities'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.

Essential Utilities Days Payable Distribution

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

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

Essential Utilities 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.

Essential Utilities'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
=	( (238.843	+	221.191)	/	2 )	/	927.824	*	365
=	230.017					/	927.824	*	365
=	90.49

Essential Utilities'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
=	( (191.924	+	221.191)	/	2 )	/	194.466	*	365 / 4
=	206.5575					/	194.466	*	365 / 4
=	96.92

Essential Utilities Days Payable Related Terms

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Essential Utilities (Essential Utilities) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

A2A:Germany A2A:Germany

Address

762 West Lancaster Avenue, Bryn Mawr, PA, USA, 19010-3489

Website

https://www.essential.co

Essential Utilities is a Pennsylvania-based holding company for U.S. water, wastewater, and natural gas distribution utilities. The company's water business serves 3 million people in eight states. Nearly three fourths of its water earnings come from Pennsylvania, primarily suburban Philadelphia. Its Peoples subsidiary serves more than 700,000 gas distribution customers in Pennsylvania and Kentucky. Essential exited its noncore competitive water and energy services businesses.

Executives

Roderick K West	director	1600 PERDIDO STREET, BLDG 505, NEW ORLEANS LA 70112
Arnold Colleen	officer: President	762 W. LANCASTER AVENUE, BRYN MAWR PA 19010
Chris Franklin	officer: Aqua America Southern Oper	762 W.LANCASTER AVE, BRYN MAWR PA 19010
Michael Huwar	officer: President	762 W. LANCASTER AVENUE, BRYN MAWR PA 19010
Ellen T Ruff	director	762, W LANCASTER AVE, BRYN MAWR PA 19010
Wilbert Bryan Lewis	director	762 W. LANCASTER AVENUE, BRYN MAWR PA 19010
Robert A Rubin	officer: Chief Accounting Officer	762 W LANCASTER AVE, BRYN MAWR PA 19010
Daniel Schuller	officer: Executive Vice President	40 SACHEM ROAD, GREENWICH CT 06830
David Alan Ciesinski	director	H. J. HEINZ COMPANY, P.O. BOX 57, PITTSBURGH PA 15230
Edwina Kelly	director	510 MADISON AVENUE, 15FL, NEW YORK NY 10022
Richard Scott Fox	officer: Chief Operating Officer	14812 BALLANTYNE COUNTRY CLUB DRIVE, CHARLOTTE NC 28277
Matthew Rhodes	officer: EVP, Strategy & Corp Dev	762 LANCASTER AVE, BRYN MAWR PA 19010
Wendy Franks	director	ONE QUEEN STREET EAST, SUITE 2500, TORONTO A6 M5C 2W5
Hilferty Daniel J Iii	director	C/O FS INVESTMENT CORPORATION III, CIRA CENTRE, 2929 ARCH STREET, SUITE 675, PHILADELPHIA PA 19104
Christopher Paul Luning	officer: Sr. VP, General Counsel & Sec	762 W. LANCASTER AVE, BRYN MAWR PA 19010