Ignitis Group AB (LSE:IGN) Days Payable : 45.68 (As of Sep. 2024)

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What is Ignitis Group AB Days Payable?

Ignitis Group AB's average Accounts Payable for the three months ended in Sep. 2024 was €180 Mil. Ignitis Group AB's Cost of Goods Sold for the three months ended in Sep. 2024 was €360 Mil. Hence, Ignitis Group AB's Days Payable for the three months ended in Sep. 2024 was 45.68.

The historical rank and industry rank for Ignitis Group AB's Days Payable or its related term are showing as below:

LSE:IGN' s Days Payable Range Over the Past 10 Years
Min: 13.6 Med: 35.56 Max: 47.12
Current: 40.47

During the past 7 years, Ignitis Group AB's highest Days Payable was 47.12. The lowest was 13.60. And the median was 35.56.

LSE:IGN's Days Payable is ranked worse than
73.81% of 485 companies
in the Utilities - Regulated industry
Industry Median: 68.21 vs LSE:IGN: 40.47

Ignitis Group AB's Days Payable increased from Sep. 2023 (25.06) to Sep. 2024 (45.68). It may suggest that Ignitis Group AB delayed paying its suppliers.

Ignitis Group AB Days Payable Historical Data

The historical data trend for Ignitis Group AB'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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Ignitis Group AB Days Payable Chart

Ignitis Group AB Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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38.60

32.13

18.91

13.60

35.56

Ignitis Group AB Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															25.06	29.08	39.42	56.90	45.68

Competitive Comparison of Ignitis Group AB's Days Payable

For the Utilities - Diversified subindustry, Ignitis Group AB'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.

Ignitis Group AB's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Ignitis Group AB's Days Payable distribution charts can be found below:

* The bar in red indicates where Ignitis Group AB's Days Payable falls into.

Ignitis Group AB 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.

Ignitis Group AB'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
=	( (177.2	+	177.2)	/	2 )	/	1818.8	*	365
=	177.2					/	1818.8	*	365
=	35.56

Ignitis Group AB's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (162	+	198.5)	/	2 )	/	360.1	*	365 / 4
=	180.25					/	360.1	*	365 / 4
=	45.68

Ignitis Group AB Days Payable Related Terms

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Ignitis Group AB Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Ignitis Group AB (LSE:IGN) » Definitions » Days Payable

Traded in Other Exchanges

IGN1L:Lithuania IGV0:Germany

Address

Laisves Avenue 10, Vilnius, LTU, LT-04215

Website

https://www.ignitisgrupe.lt

Ignitis Group AB is engaged in green electricity generation and development of green and flexible technologies, energy distribution and supply, development of energy-smart solutions and other related activities. It is focusing on green generation and green flexibility technologies: onshore and offshore wind, batteries, pumped-storage hydro and power-to-X (P2X).