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ALCE (Alternus Clean Energy) Days Payable : 20,391.46 (As of Sep. 2024)


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What is Alternus Clean Energy Days Payable?

Alternus Clean Energy's average Accounts Payable for the three months ended in Sep. 2024 was $10.50 Mil. Alternus Clean Energy's Cost of Goods Sold for the three months ended in Sep. 2024 was $0.05 Mil. Hence, Alternus Clean Energy's Days Payable for the three months ended in Sep. 2024 was 20,391.46.

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

ALCE' s Days Payable Range Over the Past 10 Years
Min: 254.14   Med: 558.27   Max: 633.77
Current: 538.69

During the past 3 years, Alternus Clean Energy's highest Days Payable was 633.77. The lowest was 254.14. And the median was 558.27.

ALCE's Days Payable is ranked better than
89.09% of 385 companies
in the Utilities - Independent Power Producers industry
Industry Median: 79.79 vs ALCE: 538.69

Alternus Clean Energy's Days Payable increased from Sep. 2023 (0.00) to Sep. 2024 (20,391.46). It may suggest that Alternus Clean Energy delayed paying its suppliers.

Alternus Clean Energy Days Payable Historical Data

The historical data trend for Alternus Clean Energy'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.

Alternus Clean Energy Days Payable Chart

Alternus Clean Energy Annual Data
Trend Dec21 Dec22 Dec23
Days Payable
633.77 558.27 254.14

Alternus Clean Energy Quarterly Data
Dec21 Mar22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only - 126.34 852.21 590.29 20,391.46

Competitive Comparison of Alternus Clean Energy's Days Payable

For the Utilities - Renewable subindustry, Alternus Clean Energy'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.

Alternus Clean Energy's Days Payable Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Alternus Clean Energy's Days Payable distribution charts can be found below:

* The bar in red indicates where Alternus Clean Energy's Days Payable falls into.


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Alternus Clean Energy 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.

Alternus Clean Energy'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
=( (1.138 + 5.084) / 2 ) / 4.468*365
=3.111 / 4.468*365
=254.14

Alternus Clean Energy's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

Days Payable (Q: Sep. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2024 ) + Accounts Payable (Q: Sep. 2024 )) / count ) / Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=( (10.776 + 10.23) / 2 ) / 0.047*365 / 4
=10.503 / 0.047*365 / 4
=20,391.46

* 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.

Alternus Clean Energy Days Payable Related Terms

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Alternus Clean Energy Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Alternus Clean Energy Inc (OTCPK:ALCE) » Definitions » Days Payable
Comparable Companies
ETRXF SHSE:600900 GEV CEG ISX:BREN WBO:VER SHSE:600025 OCSE:ORSTED BOM:541450 SHSE:600905 BSP:ELET3 SHSE:600886 OHEL:FORTUM TSE:9503 SZSE:001289 BSE:H2O SHSE:600795 NSE:NTPCGREEN BOM:533098 XSWX:BKW
Traded in Other Exchanges
N/A
Address
360 Kingsley Park Drive, Suite 250, Fort Mill, SC, USA, 29715
Website
https://www.alternusenergy.com
Alternus Clean Energy Inc is an international independent clean energy producer. It develops, installs, owns and operates a diverse portfolio of utility-scale solar photovoltaic power stations (PV parks) in Europe and the USA as a long-term owner. The solar parks benefit from long-term government offtake contracts and/or Power Purchase Agreements (PPAs) with investment grade off-takers, plus energy sales to local power grids. It has approximately 8 operating parks, a total of 44 MWp in operation.