CIA Distrib de Gas do Rio de Janeiro - CEG (BSP:CEGR3) Days Payable : 46.45 (As of Mar. 2024)

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What is CIA Distrib de Gas do Rio de Janeiro - CEG Days Payable?

CIA Distrib de Gas do Rio de Janeiro - CEG's average Accounts Payable for the three months ended in Mar. 2024 was R$490 Mil. CIA Distrib de Gas do Rio de Janeiro - CEG's Cost of Goods Sold for the three months ended in Mar. 2024 was R$962 Mil. Hence, CIA Distrib de Gas do Rio de Janeiro - CEG's Days Payable for the three months ended in Mar. 2024 was 46.45.

The historical rank and industry rank for CIA Distrib de Gas do Rio de Janeiro - CEG's Days Payable or its related term are showing as below:

BSP:CEGR3' s Days Payable Range Over the Past 10 Years
Min: 37.6 Med: 41.92 Max: 57.5
Current: 43.71

During the past 13 years, CIA Distrib de Gas do Rio de Janeiro - CEG's highest Days Payable was 57.50. The lowest was 37.60. And the median was 41.92.

BSP:CEGR3's Days Payable is not ranked
in the Utilities - Regulated industry.
Industry Median: 66.38 vs BSP:CEGR3: 43.71

CIA Distrib de Gas do Rio de Janeiro - CEG's Days Payable increased from Mar. 2023 (45.07) to Mar. 2024 (46.45). It may suggest that CIA Distrib de Gas do Rio de Janeiro - CEG delayed paying its suppliers.

CIA Distrib de Gas do Rio de Janeiro - CEG Days Payable Historical Data

The historical data trend for CIA Distrib de Gas do Rio de Janeiro - CEG'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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CIA Distrib de Gas do Rio de Janeiro - CEG Days Payable Chart

CIA Distrib de Gas do Rio de Janeiro - CEG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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39.32

57.50

42.97

40.06

48.13

CIA Distrib de Gas do Rio de Janeiro - CEG Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															45.07	42.27	41.00	43.40	46.45

Competitive Comparison of CIA Distrib de Gas do Rio de Janeiro - CEG's Days Payable

For the Utilities - Regulated Gas subindustry, CIA Distrib de Gas do Rio de Janeiro - CEG'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.

CIA Distrib de Gas do Rio de Janeiro - CEG's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, CIA Distrib de Gas do Rio de Janeiro - CEG's Days Payable distribution charts can be found below:

* The bar in red indicates where CIA Distrib de Gas do Rio de Janeiro - CEG's Days Payable falls into.

CIA Distrib de Gas do Rio de Janeiro - CEG 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.

CIA Distrib de Gas do Rio de Janeiro - CEG'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
=	( (564.686	+	505.739)	/	2 )	/	4059.221	*	365
=	535.2125					/	4059.221	*	365
=	48.13

CIA Distrib de Gas do Rio de Janeiro - CEG's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (505.739	+	473.685)	/	2 )	/	962.07	*	365 / 4
=	489.712					/	962.07	*	365 / 4
=	46.45

CIA Distrib de Gas do Rio de Janeiro - CEG Days Payable Related Terms

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CIA Distrib de Gas do Rio de Janeiro - CEG (BSP:CEGR3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CIA Distrib de Gas do Rio de Janeiro - CEG (BSP:CEGR3) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Av Pedro Ii, 68, Rio de Janeiro, RJ, BRA, 20941070

Website

http://www.ceg.com.br

CIA Distrib de Gas do Rio de Janeiro - CEG distributes natural gas for the residential, commercial, industrial, electrical power generation sectors and also for compressed natural gas stations.

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