PNE AG (FRA:PNE3) Days Payable : 794.89 (As of Mar. 2024)

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What is PNE AG Days Payable?

PNE AG's average Accounts Payable for the three months ended in Mar. 2024 was €56.6 Mil. PNE AG's Cost of Goods Sold for the three months ended in Mar. 2024 was €6.5 Mil. Hence, PNE AG's Days Payable for the three months ended in Mar. 2024 was 794.89.

The historical rank and industry rank for PNE AG's Days Payable or its related term are showing as below:

FRA:PNE3' s Days Payable Range Over the Past 10 Years
Min: 40.46 Med: 245.87 Max: 1592.84
Current: 1347.69

During the past 13 years, PNE AG's highest Days Payable was 1592.84. The lowest was 40.46. And the median was 245.87.

FRA:PNE3's Days Payable is ranked better than
94.09% of 389 companies
in the Utilities - Independent Power Producers industry
Industry Median: 76.22 vs FRA:PNE3: 1347.69

PNE AG's Days Payable increased from Mar. 2023 (689.03) to Mar. 2024 (794.89). It may suggest that PNE AG delayed paying its suppliers.

PNE AG Days Payable Historical Data

The historical data trend for PNE AG'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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PNE AG Days Payable Chart

PNE AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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148.40

319.80

331.91

467.73

1,592.84

PNE AG Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															689.03	2,125.71	15,824.30	1,069.17	794.89

Competitive Comparison of PNE AG's Days Payable

For the Utilities - Renewable subindustry, PNE AG'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.

PNE AG's Days Payable Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where PNE AG's Days Payable falls into.

PNE AG 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.

PNE AG'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
=	( (44.572	+	59.744)	/	2 )	/	11.952	*	365
=	52.158					/	11.952	*	365
=	1,592.84

PNE AG'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
=	( (59.744	+	53.5)	/	2 )	/	6.5	*	365 / 4
=	56.622					/	6.5	*	365 / 4
=	794.89

PNE AG Days Payable Related Terms

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PNE AG (FRA:PNE3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » PNE AG (FRA:PNE3) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

0KUY:UK PNE3:Germany

Address

Peter-Henlein-Strasse 2-4, Cuxhaven, NI, DEU, 27472

Website

https://www.pne-ag.com

PNE AG is a wind farm developer in the offshore area. The company's core business is the project development as well the construction and operation of onshore and offshore wind farms. It operates in three segments: Project development; Service products; and Electricity generation. The project development segment reports sub-divisions such as onshore wind power - national and international, offshore wind power - national and international, and photovoltaic projects - national and international, as well as other projects.

PNE AG (FRA:PNE3) Headlines

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