Elridge Energy Holdings Bhd (XKLS:0318) Days Payable : 18.11 (As of Dec. 2024)

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What is Elridge Energy Holdings Bhd Days Payable?

Elridge Energy Holdings Bhd's average Accounts Payable for the six months ended in Dec. 2024 was RM15.3 Mil. Elridge Energy Holdings Bhd's Cost of Goods Sold for the six months ended in Dec. 2024 was RM307.4 Mil. Hence, Elridge Energy Holdings Bhd's Days Payable for the six months ended in Dec. 2024 was 9.05.

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

XKLS:0318' s Days Payable Range Over the Past 10 Years
Min: 18.11 Med: 43.01 Max: 60.24
Current: 18.11

During the past 4 years, Elridge Energy Holdings Bhd's highest Days Payable was 60.24. The lowest was 18.11. And the median was 43.01.

XKLS:0318's Days Payable is ranked worse than
89.53% of 382 companies
in the Utilities - Independent Power Producers industry
Industry Median: 81.73 vs XKLS:0318: 18.11

Elridge Energy Holdings Bhd's Days Payable declined from Dec. 2022 (59.79) to Dec. 2024 (18.11). It may suggest that Elridge Energy Holdings Bhd accelerated paying its suppliers.

Elridge Energy Holdings Bhd Days Payable Historical Data

The historical data trend for Elridge Energy Holdings Bhd'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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Elridge Energy Holdings Bhd Days Payable Chart

Elridge Energy Holdings Bhd Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Days Payable

60.24

59.79

26.23

18.11

Elridge Energy Holdings Bhd Semi-Annual Data
	Dec21	Dec22	Dec23	Dec24
Days Payable	60.24	59.79	26.23	18.11

Competitive Comparison of Elridge Energy Holdings Bhd's Days Payable

For the Utilities - Renewable subindustry, Elridge Energy Holdings Bhd'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.

Elridge Energy Holdings Bhd's Days Payable Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where Elridge Energy Holdings Bhd's Days Payable falls into.

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Elridge Energy Holdings Bhd 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.

Elridge Energy Holdings Bhd's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (16.694	+	13.808)	/	2 )	/	307.394	*	365
=	15.251					/	307.394	*	365
=	18.11

Elridge Energy Holdings Bhd's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (16.694	+	13.808)	/	2 )	/	307.394	*	365 / 2
=	15.251					/	307.394	*	365 / 2
=	9.05

Elridge Energy Holdings Bhd Days Payable Related Terms

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Elridge Energy Holdings Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Elridge Energy Holdings Bhd (XKLS:0318) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

61-2, Jalan Radin Tengah, Bandar Baru Sri Petaling, Kuala Lumpur, SGR, MYS, 57000

Website

https://www.bioeneco.com

Elridge Energy Holdings Bhd is principally involved in the manufacturing and trading of biomass fuel products, particularly PKS and wood pellets. Biomass fuel products are energy sources derived from organic materials, that are burned or combusted to generate heat or electricity. PKS is a form of biomass fuel product that is derived from the shell fractions left after oil is extracted from palm kernels. Meanwhile, wood pellets are a form of biomass fuel products produced from sawdust, wood chips, offcut and wood slabs, which are industrial wastes from timber milling.

Elridge Energy Holdings Bhd Headlines

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