Litgrid AB (OVSE:LGD1L) Days Payable : 68.02 (As of Mar. 2024)

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What is Litgrid AB Days Payable?

Litgrid AB's average Accounts Payable for the three months ended in Mar. 2024 was €56.0 Mil. Litgrid AB's Cost of Goods Sold for the three months ended in Mar. 2024 was €75.1 Mil. Hence, Litgrid AB's Days Payable for the three months ended in Mar. 2024 was 68.02.

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

OVSE:LGD1L' s Days Payable Range Over the Past 10 Years
Min: 55.15 Med: 71.81 Max: 273.99
Current: 65.29

During the past 13 years, Litgrid AB's highest Days Payable was 273.99. The lowest was 55.15. And the median was 71.81.

OVSE:LGD1L's Days Payable is ranked worse than
51.01% of 494 companies
in the Utilities - Regulated industry
Industry Median: 66.72 vs OVSE:LGD1L: 65.29

Litgrid AB's Days Payable declined from Mar. 2023 (80.72) to Mar. 2024 (68.02). It may suggest that Litgrid AB accelerated paying its suppliers.

Litgrid AB Days Payable Historical Data

The historical data trend for Litgrid 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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Litgrid AB Days Payable Chart

Litgrid AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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60.49

67.30

76.32

55.15

88.42

Litgrid AB 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															80.72	65.87	62.44	70.08	68.02

Competitive Comparison of Litgrid AB's Days Payable

For the Utilities - Regulated Electric subindustry, Litgrid 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.

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

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

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

Litgrid 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.

Litgrid 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
=	( (70.146	+	56.153)	/	2 )	/	260.683	*	365
=	63.1495					/	260.683	*	365
=	88.42

Litgrid AB'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
=	( (56.153	+	55.847)	/	2 )	/	75.129	*	365 / 4
=	56					/	75.129	*	365 / 4
=	68.02

Litgrid AB Days Payable Related Terms

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Litgrid AB (OVSE:LGD1L) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Litgrid AB (OVSE:LGD1L) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

Karlo Gustavo Emilio Manerheimo street 8, Vilnius, LTU, LT-05131

Website

https://www.litgrid.eu

Litgrid AB is an operator of an electricity transmission system operating electricity transmissions in Lithuania. It is responsible for integrating the national power system into the European power infrastructure and electricity market. The business activity of the group functions under various segments namely Electricity transmission and related services activities, and Other income. Geographically, the business presence of the firm is seen in the regions of Lithuania, Norway, Sweden, Latvia, Estonia and others of which the Lithuania region accounts for the majority of the revenue.

Litgrid AB (OVSE:LGD1L) Headlines

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