Cloudberry Clean Energy ASA (CHIX:CLOUDO) Days Payable : 988.54 (As of Mar. 2024)

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What is Cloudberry Clean Energy ASA Days Payable?

Cloudberry Clean Energy ASA's average Accounts Payable for the three months ended in Mar. 2024 was kr97.5 Mil. Cloudberry Clean Energy ASA's Cost of Goods Sold for the three months ended in Mar. 2024 was kr9.0 Mil. Hence, Cloudberry Clean Energy ASA's Days Payable for the three months ended in Mar. 2024 was 988.54.

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

CHIX:CLOUDo' s Days Payable Range Over the Past 10 Years
Min: 429.66 Med: 1301.04 Max: 5751.16
Current: 429.66

During the past 6 years, Cloudberry Clean Energy ASA's highest Days Payable was 5751.16. The lowest was 429.66. And the median was 1301.04.

CHIX:CLOUDo's Days Payable is ranked better than
84.32% of 389 companies
in the Utilities - Independent Power Producers industry
Industry Median: 77.3 vs CHIX:CLOUDo: 429.66

Cloudberry Clean Energy ASA's Days Payable declined from Mar. 2023 (3,345.83) to Mar. 2024 (988.54). It may suggest that Cloudberry Clean Energy ASA accelerated paying its suppliers.

Cloudberry Clean Energy ASA Days Payable Historical Data

The historical data trend for Cloudberry Clean Energy ASA'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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Cloudberry Clean Energy ASA Days Payable Chart

Cloudberry Clean Energy ASA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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784.07

5,751.16

1,301.04

1,973.28

804.14

Cloudberry Clean Energy ASA Quarterly Data
	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial													3,345.83	1,904.84	860.36	179.76	988.54

Competitive Comparison of Cloudberry Clean Energy ASA's Days Payable

For the Utilities - Renewable subindustry, Cloudberry Clean Energy ASA'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.

Cloudberry Clean Energy ASA's Days Payable Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where Cloudberry Clean Energy ASA's Days Payable falls into.

Cloudberry Clean Energy ASA 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.

Cloudberry Clean Energy ASA'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
=	( (135	+	147)	/	2 )	/	64	*	365
=	141					/	64	*	365
=	804.14

Cloudberry Clean Energy ASA'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
=	( (147	+	48)	/	2 )	/	9	*	365 / 4
=	97.5					/	9	*	365 / 4
=	988.54

Cloudberry Clean Energy ASA Days Payable Related Terms

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Cloudberry Clean Energy ASA (CHIX:CLOUDO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Cloudberry Clean Energy ASA (CHIX:CLOUDo) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CLOUDo:Sweden CLOUD:Norway 52K:Germany

Address

Froyas gate 15, Oslo, NOR, NO-0273

Website

https://www.cloudberry.no

Cloudberry Clean Energy ASA is a Nordic energy company that owns, develops, and operates hydropower and wind power plants in Norway and Sweden. The company produces renewable energy for future generations, with an ambition to develop a sustainable society and create value for stakeholders. The company has three revenue generating segments and one cost-efficient corporate segment. Development segment consists of green-field projects both onshore and off-shore. Production segment is engaged in operating assets, with power sold in the spot market and under fixed price Power Purchase Agreements. Operations segment delivers services such as asset management of hydro and wind assets, including digital solutions.

Cloudberry Clean Energy ASA (CHIX:CLOUDO) Headlines

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