TGC No 2 PJSC (MIC:TGKB) Days Payable: 2,366.54 (As of Jun. 2023)

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What is TGC No 2 PJSC Days Payable?

TGC No 2 PJSC MIC:TGKB +7.26% Days Payable is 2,366.54 as of Jun. 2023.

TGC No 2 PJSC's average Accounts Payable for the six months ended in Jun. 2023 was ₽11,332 Mil. TGC No 2 PJSC's Cost of Goods Sold for the six months ended in Jun. 2023 was ₽874 Mil. Hence, TGC No 2 PJSC's Days Payable for the six months ended in Jun. 2023 was 2,366.54.

The historical rank and industry rank for TGC No 2 PJSC's Days Payable or its related term are showing as below:

MIC:TGKB's Days Payable is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 80.23
* Ranked among companies with meaningful Days Payable only.

TGC No 2 PJSC's Days Payable declined from Jun. 2022 (2,948.21) to Jun. 2023 (2,366.54). It may suggest that TGC No 2 PJSC accelerated paying its suppliers.

TGC No 2 PJSC Days Payable Historical Data

* Premium members only.

The historical data trend for TGC No 2 PJSC'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.

TGC No 2 PJSC Days Payable Chart

TGC No 2 PJSC Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 543.15 787.72 1,055.88 2,763.43 2,397.46

TGC No 2 PJSC Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 678.67 0.00 2,948.21 2,974.90 2,366.54

MIC:TGKB vs VST, NRG: Days Payable Comparison

For the Utilities - Independent Power Producers subindustry, TGC No 2 PJSC'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.

TGC No 2 PJSC Days Payable vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, TGC No 2 PJSC's Days Payable distribution charts can be found below:

* The bar in red indicates where TGC No 2 PJSC's Days Payable falls into.


TGC No 2 PJSC 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.

TGC No 2 PJSC's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

Days Payable (A: Dec. 2022 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2021 ) + Accounts Payable (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (11653.317 + 9876.51) / 2 ) / 1638.896*365
=10764.9135 / 1638.896*365
=2,397.46

TGC No 2 PJSC's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

Days Payable (Q: Jun. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2022 ) + Accounts Payable (Q: Jun. 2023 )) / count ) / Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=( (9876.51 + 12787.065) / 2 ) / 873.87*365 / 2
=11331.7875 / 873.87*365 / 2
=2,366.54

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 2,366.54 mean?
TGC No 2 PJSC (MIC:TGKB) has a Days Payable of 2,366.54 as of Jun. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on TGC No 2 PJSC and its competitors.
Is TGC No 2 PJSC's Days Payable too high?
TGC No 2 PJSC's current Days Payable is 2,366.54. The Utilities - Independent Power Producers industry median Days Payable is 80.23. TGC No 2 PJSC's value of 2,366.54 is 2849.7% above this industry median.
How does TGC No 2 PJSC's Days Payable compare to VST and NRG?
TGC No 2 PJSC's Days Payable of 2,366.54 can be compared against companies in the Utilities - Independent Power Producers industry. The industry median Days Payable is 80.23. TGC No 2 PJSC's value of 2,366.54 is 2849.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for an Utilities - Independent Power Producers company?
The median Days Payable among Utilities - Independent Power Producers companies is 80.23, based on 394 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. TGC No 2 PJSC's current Days Payable of 2,366.54 is 2849.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on TGC No 2 PJSC and its competitors. For the Utilities - Independent Power Producers industry, the median Days Payable is 80.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TGC No 2 PJSC's current Days Payable is 2,366.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TGC No 2 PJSC stock overvalued right now?
TGC No 2 PJSC (MIC:TGKB) has a current Days Payable of 2,366.54. The current Days Payable is 2,366.54 and 2849.7% above the Utilities - Independent Power Producers industry median of 80.23. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For TGC No 2 PJSC (MIC:TGKB), the current Days Payable is 2,366.54 as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

TGC No 2 PJSC Business Description

Address Pyatnitskaya Street 6, Yaroslavl, RUS, 150003
TGC No 2 PJSC is a heat and power-generating company in the Northern and Northwest parts of Russia. The company's activities involve heat and power production as well as the sale of heat (steam and hot water) to consumers. Its enterprises are in Arkhangelsk, Vologda, Kostroma, Novgorod, and Yaroslavl regions of Russia, and in Skopje (Macedonia).