Atlantic Power (TSX:ATP) Days Payable : 13.12 (As of Mar. 2021)

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What is Atlantic Power Days Payable?

Atlantic Power's average Accounts Payable for the three months ended in Mar. 2021 was C$7.6 Mil. Atlantic Power's Cost of Goods Sold for the three months ended in Mar. 2021 was C$52.5 Mil. Hence, Atlantic Power's Days Payable for the three months ended in Mar. 2021 was 13.12.

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

TSX:ATP's Days Payable is not ranked ^*
in the Utilities - Independent Power Producers industry.
Industry Median: 77.85
* Ranked among companies with meaningful Days Payable only.

Atlantic Power's Days Payable declined from Mar. 2020 (14.83) to Mar. 2021 (13.12). It may suggest that Atlantic Power accelerated paying its suppliers.

Atlantic Power Days Payable Historical Data

The historical data trend for Atlantic Power'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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Atlantic Power Days Payable Chart

Atlantic Power Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Days Payable

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8.31

6.49

5.30

14.00

17.58

Atlantic Power Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Days Payable	Get a 7-Day Free Trial															14.83	10.74	9.18	10.55	13.12

Competitive Comparison of Atlantic Power's Days Payable

For the Utilities - Independent Power Producers subindustry, Atlantic Power'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.

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

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

* The bar in red indicates where Atlantic Power's Days Payable falls into.

Atlantic Power 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.

Atlantic Power's Days Payable for the fiscal year that ended in Dec. 2020 is calculated as

	Days Payable (A: Dec. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2019 )	+	Accounts Payable (A: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2020 )	*	Days in Period
=	( (11.72	+	8.07)	/	2 )	/	205.457	*	365
=	9.895					/	205.457	*	365
=	17.58

Atlantic Power's Days Payable for the quarter that ended in Mar. 2021 is calculated as:

	Days Payable (Q: Mar. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2020 )	+	Accounts Payable (Q: Mar. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2021 )	*	Days in Period
=	( (8.07	+	7.039)	/	2 )	/	52.539	*	365 / 4
=	7.5545					/	52.539	*	365 / 4
=	13.12

Atlantic Power Days Payable Related Terms

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Atlantic Power (TSX:ATP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Atlantic Power Corp (TSX:ATP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Allied Drive, Suite 155, Dedham, MA, USA, 02026

Website

https://www.atlanticpower.com

Atlantic Power Corp is an independent power producer that owns power generation assets in the United States and Canada. Its power generation projects, which are diversified by geography, fuel type, dispatch profile, and offtaker, sell electricity to utilities and other large customers predominantly under long-term power purchase agreements, which seek to minimize exposure to changes in commodity prices. It has four reportable segments: Solid Fuel, Natural Gas, Hydroelectric and Corporate. A vast majority of the revenues are generated from the natural gas segment.

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