Equatorial MaranhaoDistribuidora de Energia (BSP:EQMA3B) Days Payable : 46.85 (As of Dec. 2023)

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What is Equatorial MaranhaoDistribuidora de Energia Days Payable?

Equatorial MaranhaoDistribuidora de Energia's average Accounts Payable for the three months ended in Dec. 2023 was R$573 Mil. Equatorial MaranhaoDistribuidora de Energia's Cost of Goods Sold for the three months ended in Dec. 2023 was R$1,115 Mil. Hence, Equatorial MaranhaoDistribuidora de Energia's Days Payable for the three months ended in Dec. 2023 was 46.85.

The historical rank and industry rank for Equatorial MaranhaoDistribuidora de Energia's Days Payable or its related term are showing as below:

BSP:EQMA3B' s Days Payable Range Over the Past 10 Years
Min: 47.77 Med: 56.29 Max: 62.32
Current: 47.77

During the past 13 years, Equatorial MaranhaoDistribuidora de Energia's highest Days Payable was 62.32. The lowest was 47.77. And the median was 56.29.

BSP:EQMA3B's Days Payable is ranked worse than
65.99% of 494 companies
in the Utilities - Regulated industry
Industry Median: 66.315 vs BSP:EQMA3B: 47.77

Equatorial MaranhaoDistribuidora de Energia's Days Payable declined from Dec. 2022 (49.09) to Dec. 2023 (46.85). It may suggest that Equatorial MaranhaoDistribuidora de Energia accelerated paying its suppliers.

Equatorial MaranhaoDistribuidora de Energia Days Payable Historical Data

The historical data trend for Equatorial MaranhaoDistribuidora de Energia'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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Equatorial MaranhaoDistribuidora de Energia Days Payable Chart

Equatorial MaranhaoDistribuidora de Energia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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48.91

62.32

59.65

60.38

51.61

Equatorial MaranhaoDistribuidora de Energia 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															49.09	49.98	46.61	44.33	46.85

Competitive Comparison of Equatorial MaranhaoDistribuidora de Energia's Days Payable

For the Utilities - Regulated Electric subindustry, Equatorial MaranhaoDistribuidora de Energia'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.

Equatorial MaranhaoDistribuidora de Energia's Days Payable Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where Equatorial MaranhaoDistribuidora de Energia's Days Payable falls into.

Equatorial MaranhaoDistribuidora de Energia 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.

Equatorial MaranhaoDistribuidora de Energia'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
=	( (509.919	+	609.375)	/	2 )	/	3957.68	*	365
=	559.647					/	3957.68	*	365
=	51.61

Equatorial MaranhaoDistribuidora de Energia'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
=	( (535.625	+	609.375)	/	2 )	/	1115.144	*	365 / 4
=	572.5					/	1115.144	*	365 / 4
=	46.85

Equatorial MaranhaoDistribuidora de Energia Days Payable Related Terms

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Equatorial MaranhaoDistribuidora de Energia (BSP:EQMA3B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Equatorial MaranhaoDistribuidora de Energia SA (BSP:EQMA3B) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Alameda A, Qd SQS, No. 100, Quiteandinha Altos do Calhau, Sao Luis, MA, BRA, 65070-900

Website

https://www.equatorialenergia.com.br

Equatorial MaranhaoDistribuidora de Energia SA develops, produces and generates electric power. The company distributes electric energy for residential, commercial, rural and industrial consumption, corporate, real estate, and public power customers in Brazil.

Equatorial MaranhaoDistribuidora de Energia (BSP:EQMA3B) Headlines

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