GE Vernova (GE Vernova) Days Payable : 94.15 (As of Mar. 2024)

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What is GE Vernova Days Payable?

GE Vernova's average Accounts Payable for the three months ended in Mar. 2024 was $6,303 Mil. GE Vernova's Cost of Goods Sold for the three months ended in Mar. 2024 was $6,109 Mil. Hence, GE Vernova's Days Payable for the three months ended in Mar. 2024 was 94.15.

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

GEV' s Days Payable Range Over the Past 10 Years
Min: 58.99 Med: 69.64 Max: 376.59
Current: 376.59

During the past 3 years, GE Vernova's highest Days Payable was 376.59. The lowest was 58.99. And the median was 69.64.

GEV's Days Payable is ranked better than
83.08% of 390 companies
in the Utilities - Independent Power Producers industry
Industry Median: 79.005 vs GEV: 376.59

GE Vernova's Days Payable increased from Dec. 2021 (0.00) to Mar. 2024 (94.15). It may suggest that GE Vernova delayed paying its suppliers.

GE Vernova Days Payable Historical Data

The historical data trend for GE Vernova'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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GE Vernova Days Payable Chart

GE Vernova Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

58.99

80.29

GE Vernova Quarterly Data
	Dec21	Dec22	Mar23	Dec23	Mar24
Days Payable	-	-	65.45	-	94.15

Competitive Comparison of GE Vernova's Days Payable

For the Utilities - Renewable subindustry, GE Vernova'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.

GE Vernova's Days Payable Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where GE Vernova's Days Payable falls into.

GE Vernova 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.

GE Vernova'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
=	( (4234	+	8276)	/	2 )	/	28436	*	365
=	6255					/	28436	*	365
=	80.29

GE Vernova'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
=	( (8276	+	4330)	/	2 )	/	6109	*	365 / 4
=	6303					/	6109	*	365 / 4
=	94.15

GE Vernova Days Payable Related Terms

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GE Vernova (GE Vernova) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » GE Vernova Inc (NYSE:GEV) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

Y5C:Germany

Address

58 Charles Street, Cambridge, MA, USA

Website

https://www.gevernova.com

GE Vernova operates through its subsidiaries is a purpose-built global energy company spanning the power, wind and electrification segments, supported by advanced research, consulting and financial services accelerators. It helps customers improve energy efficiency and deliver electricity that is critical to improving health, safety and quality of life.

GE Vernova (GE Vernova) Headlines

From GuruFocus

GE Vernova to Announce First Quarter 2024 Financial Results on April 25

By Business Wire • 04-18-2024