2G Energy AG (XTER:2GB) Days Payable : 20.38 (As of Dec. 2023)

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What is 2G Energy AG Days Payable?

2G Energy AG's average Accounts Payable for the six months ended in Dec. 2023 was €16.8 Mil. 2G Energy AG's Cost of Goods Sold for the six months ended in Dec. 2023 was €150.6 Mil. Hence, 2G Energy AG's Days Payable for the six months ended in Dec. 2023 was 20.38.

The historical rank and industry rank for 2G Energy AG's Days Payable or its related term are showing as below:

XTER:2GB' s Days Payable Range Over the Past 10 Years
Min: 18.31 Med: 25.81 Max: 29.5
Current: 28.33

During the past 13 years, 2G Energy AG's highest Days Payable was 29.50. The lowest was 18.31. And the median was 25.81.

XTER:2GB's Days Payable is ranked worse than
89.9% of 2931 companies
in the Industrial Products industry
Industry Median: 76.43 vs XTER:2GB: 28.33

2G Energy AG's Days Payable declined from Dec. 2022 (27.12) to Dec. 2023 (20.38). It may suggest that 2G Energy AG accelerated paying its suppliers.

2G Energy AG Days Payable Historical Data

The historical data trend for 2G Energy AG'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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2G Energy AG Days Payable Chart

2G Energy AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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28.31

27.11

23.24

29.45

29.50

2G Energy AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															23.99	38.82	27.12	41.34	20.38

Competitive Comparison of 2G Energy AG's Days Payable

For the Specialty Industrial Machinery subindustry, 2G Energy AG'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.

2G Energy AG's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, 2G Energy AG's Days Payable distribution charts can be found below:

* The bar in red indicates where 2G Energy AG's Days Payable falls into.

2G Energy AG 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.

2G Energy AG'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
=	( (20.471	+	17.089)	/	2 )	/	232.338	*	365
=	18.78					/	232.338	*	365
=	29.50

2G Energy AG'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (16.546	+	17.089)	/	2 )	/	150.633	*	365 / 2
=	16.8175					/	150.633	*	365 / 2
=	20.38

2G Energy AG Days Payable Related Terms

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2G Energy AG (XTER:2GB) Business Description

Industry

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2GB:Germany 2GB:Germany

Address

Benzstrasse 3, Heek, NW, DEU, 48619

Website

https://www.2-g.de

2G Energy AG is a Germany based company manufacturer and provider of decentralized energy supply systems. The group through development, production, and technical installation, as well as digital grid integration, combined heat and power systems (CHP), offers comprehensive solutions for combined heat and power generation. The product range of the company includes CHP modules for operation deploying natural gas, biogas, other lean gases, and hydrogen. The company's products have applications in sectors like Chemical and pharmaceutical industries, Horticultural, shopping centers, landfills, hotels, heating networks, swimming pools, and others. The group has business operations in Germany and internationally, of which the majority of the revenue is derived from the operations in Germany.

Executives

Dr. Lukas Lenz

Supervisory Board

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