AS Latvijas Gaze (FRA:UMA) Days Payable : 19.67 (As of Mar. 2024)

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What is AS Latvijas Gaze Days Payable?

AS Latvijas Gaze's average Accounts Payable for the three months ended in Mar. 2024 was €5.5 Mil. AS Latvijas Gaze's Cost of Goods Sold for the three months ended in Mar. 2024 was €25.4 Mil. Hence, AS Latvijas Gaze's Days Payable for the three months ended in Mar. 2024 was 19.67.

The historical rank and industry rank for AS Latvijas Gaze's Days Payable or its related term are showing as below:

FRA:UMA' s Days Payable Range Over the Past 10 Years
Min: 2.76 Med: 12.57 Max: 62.13
Current: 43.42

During the past 13 years, AS Latvijas Gaze's highest Days Payable was 62.13. The lowest was 2.76. And the median was 12.57.

FRA:UMA's Days Payable is ranked worse than
70.54% of 499 companies
in the Utilities - Regulated industry
Industry Median: 66.38 vs FRA:UMA: 43.42

AS Latvijas Gaze's Days Payable declined from Mar. 2023 (42.31) to Mar. 2024 (19.67). It may suggest that AS Latvijas Gaze accelerated paying its suppliers.

AS Latvijas Gaze Days Payable Historical Data

The historical data trend for AS Latvijas Gaze'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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AS Latvijas Gaze Days Payable Chart

AS Latvijas Gaze Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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8.17

15.59

31.15

29.00

44.69

AS Latvijas Gaze 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															42.31	137.08	-	7.26	19.67

Competitive Comparison of AS Latvijas Gaze's Days Payable

For the Utilities - Regulated Gas subindustry, AS Latvijas Gaze'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.

AS Latvijas Gaze's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, AS Latvijas Gaze's Days Payable distribution charts can be found below:

* The bar in red indicates where AS Latvijas Gaze's Days Payable falls into.

AS Latvijas Gaze 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.

AS Latvijas Gaze'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
=	( (37.327	+	5.492)	/	2 )	/	174.878	*	365
=	21.4095					/	174.878	*	365
=	44.69

AS Latvijas Gaze'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
=	( (5.492	+	5.473)	/	2 )	/	25.434	*	365 / 4
=	5.4825					/	25.434	*	365 / 4
=	19.67

AS Latvijas Gaze Days Payable Related Terms

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AS Latvijas Gaze (FRA:UMA) Business Description

Industry

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GZE1R:Latvia

Address

6 Aristida Bri?na Street, Riga, LVA, LV-1001

Website

https://www.lg.lv

AS Latvijas Gaze is a Latvia-based company, which is engaged in the energy supply sector. The operation of the group is the transmission, storage, distribution and sales of natural gas in Latvia. The operating business segments are the Natural gas sales & trading segment and distribution segment. The Natural gas sales & trading segment comprises the purchase, trade, and sale of natural gas. The Distribution segment provides natural gas distribution services in Latvia. The maximum revenue of the company is derived from the Natural gas sales & trading segment.

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