The Connecticut Light & Power Co (The Connecticut Light & Power Co) Days Payable : 80.06 (As of Dec. 2019)

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What is The Connecticut Light & Power Co Days Payable?

The Connecticut Light & Power Co's average Accounts Payable for the three months ended in Dec. 2019 was $414.94 Mil. The Connecticut Light & Power Co's Cost of Goods Sold for the three months ended in Dec. 2019 was $472.92 Mil. Hence, The Connecticut Light & Power Co's Days Payable for the three months ended in Dec. 2019 was 80.06.

The historical rank and industry rank for The Connecticut Light & Power Co's Days Payable or its related term are showing as below:

CNPWP.PFD's Days Payable is not ranked ^*
in the Utilities - Regulated industry.
Industry Median: 66.38
* Ranked among companies with meaningful Days Payable only.

The Connecticut Light & Power Co's Days Payable declined from Dec. 2018 (90.67) to Dec. 2019 (80.06). It may suggest that The Connecticut Light & Power Co accelerated paying its suppliers.

The Connecticut Light & Power Co Days Payable Historical Data

The historical data trend for The Connecticut Light & Power Co'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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The Connecticut Light & Power Co Days Payable Chart

The Connecticut Light & Power Co Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Days Payable

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93.60

72.11

94.17

91.30

86.55

The Connecticut Light & Power Co Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Days Payable	Get a 7-Day Free Trial															90.67	80.43	96.97	75.90	80.06

Competitive Comparison of The Connecticut Light & Power Co's Days Payable

For the Utilities - Regulated Electric subindustry, The Connecticut Light & Power Co'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.

The Connecticut Light & Power Co's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, The Connecticut Light & Power Co's Days Payable distribution charts can be found below:

* The bar in red indicates where The Connecticut Light & Power Co's Days Payable falls into.

The Connecticut Light & Power Co 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.

The Connecticut Light & Power Co's Days Payable for the fiscal year that ended in Dec. 2019 is calculated as

	Days Payable (A: Dec. 2019 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2018 )	+	Accounts Payable (A: Dec. 2019 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2019 )	*	Days in Period
=	( (351.435	+	472.491)	/	2 )	/	1737.369	*	365
=	411.963					/	1737.369	*	365
=	86.55

The Connecticut Light & Power Co's Days Payable for the quarter that ended in Dec. 2019 is calculated as:

	Days Payable (Q: Dec. 2019 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2019 )	+	Accounts Payable (Q: Dec. 2019 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2019 )	*	Days in Period
=	( (357.379	+	472.491)	/	2 )	/	472.915	*	365 / 4
=	414.935					/	472.915	*	365 / 4
=	80.06

The Connecticut Light & Power Co Days Payable Related Terms

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The Connecticut Light & Power Co (The Connecticut Light & Power Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » The Connecticut Light & Power Co (OTCPK:CNPWP.PFD) » Definitions » Days Payable

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Traded in Other Exchanges

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Address

107 Selden Street, Berlin, CT, USA, 06037-1616

Website

https://www.eversource.com

The Connecticut Light & Power Co is a regulated electric utility that serves residential, commercial and industrial customers in parts of Connecticut. Its business consists of purchase, delivery, and sale of electricity to customers.

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