ALTEO Energy Services (BUD:ALTEO) Days Payable : 17.51 (As of Dec. 2023)

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What is ALTEO Energy Services Days Payable?

ALTEO Energy Services's average Accounts Payable for the six months ended in Dec. 2023 was Ft2,465 Mil. ALTEO Energy Services's Cost of Goods Sold for the six months ended in Dec. 2023 was Ft25,682 Mil. Hence, ALTEO Energy Services's Days Payable for the six months ended in Dec. 2023 was 17.51.

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

BUD:ALTEO' s Days Payable Range Over the Past 10 Years
Min: 31.26 Med: 54.51 Max: 87.72
Current: 31.26

During the past 13 years, ALTEO Energy Services's highest Days Payable was 87.72. The lowest was 31.26. And the median was 54.51.

BUD:ALTEO's Days Payable is ranked worse than
79.43% of 389 companies
in the Utilities - Independent Power Producers industry
Industry Median: 76.03 vs BUD:ALTEO: 31.26

ALTEO Energy Services's Days Payable declined from Dec. 2022 (26.69) to Dec. 2023 (17.51). It may suggest that ALTEO Energy Services accelerated paying its suppliers.

ALTEO Energy Services Days Payable Historical Data

The historical data trend for ALTEO Energy Services'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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ALTEO Energy Services Days Payable Chart

ALTEO Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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44.70

36.77

51.64

41.56

42.50

ALTEO Energy Services Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															39.95	30.82	26.69	31.19	17.51

Competitive Comparison of ALTEO Energy Services's Days Payable

For the Utilities - Renewable subindustry, ALTEO Energy Services'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.

ALTEO Energy Services's Days Payable Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where ALTEO Energy Services's Days Payable falls into.

ALTEO Energy Services 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.

ALTEO Energy Services'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
=	( (11344.483	+	3404.049)	/	2 )	/	63330.516	*	365
=	7374.266					/	63330.516	*	365
=	42.50

ALTEO Energy Services'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1525	+	3404.049)	/	2 )	/	25681.516	*	365 / 2
=	2464.5245					/	25681.516	*	365 / 2
=	17.51

ALTEO Energy Services Days Payable Related Terms

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ALTEO Energy Services (BUD:ALTEO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » ALTEO Energy Services PLC (BUD:ALTEO) » Definitions » Days Payable

Traded in Other Exchanges

54O:Germany

Address

Korhaz utca 6-12., Budapest, HUN, 1033

Website

https://www.alteo.hu

ALTEO Energy Services PLC operates in the utility industry in Hungary. Its business segments includes, Heat and electricity production and management, Renewables-based energy production, Energy services, Energy trading and other. Majority of the revenue generated from Heat and electricity production and management.

ALTEO Energy Services (BUD:ALTEO) Headlines

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