Promigas (BOG:PROMIGAS) Days Payable : 39.88 (As of Sep. 2023)

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What is Promigas Days Payable?

Promigas's average Accounts Payable for the three months ended in Sep. 2023 was COP476,050 Mil. Promigas's Cost of Goods Sold for the three months ended in Sep. 2023 was COP1,089,322 Mil. Hence, Promigas's Days Payable for the three months ended in Sep. 2023 was 39.88.

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

BOG:PROMIGAS' s Days Payable Range Over the Past 10 Years
Min: 39.59 Med: 66.78 Max: 156.13
Current: 42.94

During the past 13 years, Promigas's highest Days Payable was 156.13. The lowest was 39.59. And the median was 66.78.

BOG:PROMIGAS's Days Payable is ranked worse than
71.6% of 493 companies
in the Utilities - Regulated industry
Industry Median: 68.14 vs BOG:PROMIGAS: 42.94

Promigas's Days Payable declined from Sep. 2022 (43.41) to Sep. 2023 (39.88). It may suggest that Promigas accelerated paying its suppliers.

Promigas Days Payable Historical Data

The historical data trend for Promigas'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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Promigas Days Payable Chart

Promigas Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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43.31

39.59

50.40

48.28

50.25

Promigas Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															43.41	41.13	50.35	44.87	39.88

Competitive Comparison of Promigas's Days Payable

For the Utilities - Regulated Gas subindustry, Promigas'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.

Promigas's Days Payable Distribution in the Utilities - Regulated Industry

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

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

Promigas 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.

Promigas's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (476325.861	+	616257.531)	/	2 )	/	3967911.77	*	365
=	546291.696					/	3967911.77	*	365
=	50.25

Promigas's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (478584.844	+	473514.437)	/	2 )	/	1089322.213	*	365 / 4
=	476049.6405					/	1089322.213	*	365 / 4
=	39.88

Promigas Days Payable Related Terms

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Promigas (BOG:PROMIGAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Promigas SA (BOG:PROMIGAS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Calle 66 No. 67 - 123, Barranquilla, COL

Website

https://www.promigas.com

Promigas SA is engaged in the purchase, sale, transportation, distribution, exploitation, and exploration of natural gas, oil, and hydrocarbons in general, and the gas and oil activities in all their forms. It operates in five segments: Gas transportation, Gas distribution, Integrated solutions for the industry and power generation, Power distribution, and Non-bank financing. The transmission business consists of natural gas transmission, energy generation, and liquid natural gas. The distribution business consists of natural gas distribution, non-banking financing, and electrical power distribution. The company generates the majority of its revenue from the transport and distribution of natural gas.

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