Erato Energy (WAR:ERA) Days Payable : 121.84 (As of Mar. 2024)

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What is Erato Energy Days Payable?

Erato Energy's average Accounts Payable for the three months ended in Mar. 2024 was zł1.04 Mil. Erato Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was zł0.78 Mil. Hence, Erato Energy's Days Payable for the three months ended in Mar. 2024 was 121.84.

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

WAR:ERA' s Days Payable Range Over the Past 10 Years
Min: 19.9 Med: 103.8 Max: 4879.7
Current: 49.98

During the past 13 years, Erato Energy's highest Days Payable was 4879.70. The lowest was 19.90. And the median was 103.80.

WAR:ERA's Days Payable is ranked worse than
51.5% of 965 companies
in the Semiconductors industry
Industry Median: 51.74 vs WAR:ERA: 49.98

Erato Energy's Days Payable increased from Mar. 2023 (78.10) to Mar. 2024 (121.84). It may suggest that Erato Energy delayed paying its suppliers.

Erato Energy Days Payable Historical Data

The historical data trend for Erato Energy'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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Erato Energy Days Payable Chart

Erato Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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51.21

203.08

22.32

19.90

61.97

Erato Energy 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															78.10	60.26	73.16	29.29	121.84

Competitive Comparison of Erato Energy's Days Payable

For the Solar subindustry, Erato Energy'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.

Erato Energy's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Erato Energy's Days Payable distribution charts can be found below:

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

Erato Energy 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.

Erato Energy'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
=	( (2.902	+	1.323)	/	2 )	/	12.442	*	365
=	2.1125					/	12.442	*	365
=	61.97

Erato Energy'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
=	( (1.323	+	0.76)	/	2 )	/	0.78	*	365 / 4
=	1.0415					/	0.78	*	365 / 4
=	121.84

Erato Energy Days Payable Related Terms

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Erato Energy (WAR:ERA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Erato Energy SA (WAR:ERA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Szeligowska 42, Warszawa, POL, 01-320

Website

https://www.eratoenergy.pl

Erato Energy SA is engaged in tailored photovoltaic installations. It deals with photovoltaics which includes the assembly of sets of devices that produce electricity from solar energy. The elements of the photovoltaic set include Photovoltaic panels, Inverter, Wiring & security.