Alternus Energy Group (OSL:ALT) Days Payable : 652.74 (As of Sep. 2023)

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What is Alternus Energy Group Days Payable?

Alternus Energy Group's average Accounts Payable for the three months ended in Sep. 2023 was kr165.5 Mil. Alternus Energy Group's Cost of Goods Sold for the three months ended in Sep. 2023 was kr23.1 Mil. Hence, Alternus Energy Group's Days Payable for the three months ended in Sep. 2023 was 652.74.

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

OSL:ALT' s Days Payable Range Over the Past 10 Years
Min: 250.59 Med: 522.55 Max: 34654.92
Current: 3102.16

During the past 5 years, Alternus Energy Group's highest Days Payable was 34654.92. The lowest was 250.59. And the median was 522.55.

OSL:ALT's Days Payable is ranked better than
97.18% of 390 companies
in the Utilities - Independent Power Producers industry
Industry Median: 78.315 vs OSL:ALT: 3102.16

Alternus Energy Group's Days Payable increased from Jun. 2022 (324.55) to Sep. 2023 (652.74). It may suggest that Alternus Energy Group delayed paying its suppliers.

Alternus Energy Group Days Payable Historical Data

The historical data trend for Alternus Energy Group'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.

* Premium members only.

Alternus Energy Group Days Payable Chart

Alternus Energy Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

484.00

1,314.31

34,654.92

522.55

250.59

Alternus Energy Group Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial										324.55	130.15	-	-	652.74

Competitive Comparison of Alternus Energy Group's Days Payable

For the Utilities - Renewable subindustry, Alternus Energy Group'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.

Alternus Energy Group's Days Payable Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where Alternus Energy Group's Days Payable falls into.

Alternus Energy Group 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.

Alternus Energy Group'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
=	( (83.919	+	31.221)	/	2 )	/	83.853	*	365
=	57.57					/	83.853	*	365
=	250.59

Alternus Energy Group's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (203.825	+	127.131)	/	2 )	/	23.133	*	365 / 4
=	165.478					/	23.133	*	365 / 4
=	652.74

Alternus Energy Group Days Payable Related Terms

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Alternus Energy Group (OSL:ALT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Alternus Energy Group PLC (OSL:ALT) » Definitions » Days Payable

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Traded in Other Exchanges

ALTNF:USA

Address

Blanchardstown Corporate Park 2, Suite 9-10 Plaza 212, Dublin, IRL, D15 R504

Website

https://www.alternusenergy.com

Alternus Energy Group PLC is an independent power producer of green energy. It develops, owns, and operates Utility-Scale Solar projects across Europe. The company's solar PV parks produce clean green energy and replace polluting greenhouse gas-emitting and fossil fuel-based energy. Its current portfolio consists of renewable energy facilities that are generally contracted under long-term Country Renewable Programs (FIT programs) or Energy Offtake Agreements (PPAs/VPPAs) with creditworthy counterparties.