Rede Energia Participacoes (BSP:REDE3) Days Payable : 37.82 (As of Dec. 2023)

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What is Rede Energia Participacoes Days Payable?

Rede Energia Participacoes's average Accounts Payable for the three months ended in Dec. 2023 was R$1,253 Mil. Rede Energia Participacoes's Cost of Goods Sold for the three months ended in Dec. 2023 was R$3,024 Mil. Hence, Rede Energia Participacoes's Days Payable for the three months ended in Dec. 2023 was 37.82.

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

BSP:REDE3' s Days Payable Range Over the Past 10 Years
Min: 37.61 Med: 41.39 Max: 60.43
Current: 37.66

During the past 13 years, Rede Energia Participacoes's highest Days Payable was 60.43. The lowest was 37.61. And the median was 41.39.

BSP:REDE3's Days Payable is ranked worse than
78.3% of 493 companies
in the Utilities - Regulated industry
Industry Median: 68.14 vs BSP:REDE3: 37.66

Rede Energia Participacoes's Days Payable increased from Dec. 2022 (35.78) to Dec. 2023 (37.82). It may suggest that Rede Energia Participacoes delayed paying its suppliers.

Rede Energia Participacoes Days Payable Historical Data

The historical data trend for Rede Energia Participacoes'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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Rede Energia Participacoes Days Payable Chart

Rede Energia Participacoes Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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37.61

45.19

38.52

41.59

38.94

Rede Energia Participacoes 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															35.78	36.65	36.44	38.38	37.82

Competitive Comparison of Rede Energia Participacoes's Days Payable

For the Utilities - Regulated Electric subindustry, Rede Energia Participacoes'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.

Rede Energia Participacoes's Days Payable Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where Rede Energia Participacoes's Days Payable falls into.

Rede Energia Participacoes 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.

Rede Energia Participacoes'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
=	( (1044.313	+	1321.729)	/	2 )	/	11087.816	*	365
=	1183.021					/	11087.816	*	365
=	38.94

Rede Energia Participacoes'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
=	( (1184.746	+	1321.729)	/	2 )	/	3023.917	*	365 / 4
=	1253.2375					/	3023.917	*	365 / 4
=	37.82

Rede Energia Participacoes Days Payable Related Terms

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Rede Energia Participacoes (BSP:REDE3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Rede Energia Participacoes SA (BSP:REDE3) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Praca Rui Barbosa, 80, Cataguases, MG, BRA, 36770-901

Website

https://www.energisa.com.br

Rede Energia SA along with its subsidiaries generates, distributes and markets electrical energy as well as provides services related to electricity sector. It provides its services to residential, commercial, industrial, rural and public customers.

Rede Energia Participacoes (BSP:REDE3) Headlines

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