Grupo Greening 2022 (XMAD:GGR) Days Payable : 51.22 (As of Jun. 2023)

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What is Grupo Greening 2022 Days Payable?

Grupo Greening 2022's average Accounts Payable for the six months ended in Jun. 2023 was €7.49 Mil. Grupo Greening 2022's Cost of Goods Sold for the six months ended in Jun. 2023 was €26.69 Mil. Hence, Grupo Greening 2022's Days Payable for the six months ended in Jun. 2023 was 51.22.

The historical rank and industry rank for Grupo Greening 2022's Days Payable or its related term are showing as below:

XMAD:GGR' s Days Payable Range Over the Past 10 Years
Min: 35.11 Med: 47.36 Max: 65.76
Current: 65.76

During the past 3 years, Grupo Greening 2022's highest Days Payable was 65.76. The lowest was 35.11. And the median was 47.36.

XMAD:GGR's Days Payable is ranked better than
61.93% of 922 companies
in the Business Services industry
Industry Median: 47.445 vs XMAD:GGR: 65.76

Grupo Greening 2022's Days Payable increased from Jun. 2022 (33.69) to Jun. 2023 (51.22). It may suggest that Grupo Greening 2022 delayed paying its suppliers.

Grupo Greening 2022 Days Payable Historical Data

The historical data trend for Grupo Greening 2022'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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Grupo Greening 2022 Days Payable Chart

Grupo Greening 2022 Annual Data

Trend

Dec20

Dec21

Dec22

Days Payable

35.11

59.60

Grupo Greening 2022 Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23
Days Payable	-	-	33.69	78.43	51.22

Competitive Comparison of Grupo Greening 2022's Days Payable

For the Specialty Business Services subindustry, Grupo Greening 2022'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.

Grupo Greening 2022's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Grupo Greening 2022's Days Payable distribution charts can be found below:

* The bar in red indicates where Grupo Greening 2022's Days Payable falls into.

Grupo Greening 2022 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.

Grupo Greening 2022'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
=	( (1.997	+	6.395)	/	2 )	/	25.699	*	365
=	4.196					/	25.699	*	365
=	59.60

Grupo Greening 2022's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (6.395	+	8.584)	/	2 )	/	26.688	*	365 / 2
=	7.4895					/	26.688	*	365 / 2
=	51.22

Grupo Greening 2022 Days Payable Related Terms

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Grupo Greening 2022 (XMAD:GGR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Grupo Greening 2022 SA (XMAD:GGR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

70I:Germany

Address

C/ Alcayata, 4. Polígono Industrial El Florío, Granada, ESP, 18015

Website

https://www.greening-group.com

Grupo Greening 2022 SA is a diversified business group, whose objectives are innovation and international development in all its business areas: renewable energies, hydraulic projects, engineering, concessions, services and industry.