EnviTec Biogas AG (XTER:ETG) Days Payable : 71.60 (As of Jun. 2023)

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What is EnviTec Biogas AG Days Payable?

EnviTec Biogas AG's average Accounts Payable for the six months ended in Jun. 2023 was €27.0 Mil. EnviTec Biogas AG's Cost of Goods Sold for the six months ended in Jun. 2023 was €68.9 Mil. Hence, EnviTec Biogas AG's Days Payable for the six months ended in Jun. 2023 was 71.60.

The historical rank and industry rank for EnviTec Biogas AG's Days Payable or its related term are showing as below:

XTER:ETG' s Days Payable Range Over the Past 10 Years
Min: 30.51 Med: 44.56 Max: 82.95
Current: 41.17

During the past 13 years, EnviTec Biogas AG's highest Days Payable was 82.95. The lowest was 30.51. And the median was 44.56.

XTER:ETG's Days Payable is ranked worse than
69.92% of 389 companies
in the Utilities - Independent Power Producers industry
Industry Median: 76.89 vs XTER:ETG: 41.17

EnviTec Biogas AG's Days Payable increased from Jun. 2022 (41.24) to Jun. 2023 (71.60). It may suggest that EnviTec Biogas AG delayed paying its suppliers.

EnviTec Biogas AG Days Payable Historical Data

The historical data trend for EnviTec Biogas AG'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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EnviTec Biogas AG Days Payable Chart

EnviTec Biogas AG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

Get a 7-Day Free Trial

44.34

33.78

41.90

35.91

30.51

EnviTec Biogas AG Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial															41.72	30.49	41.24	26.19	71.60

Competitive Comparison of EnviTec Biogas AG's Days Payable

For the Utilities - Renewable subindustry, EnviTec Biogas AG'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.

EnviTec Biogas AG's Days Payable Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where EnviTec Biogas AG's Days Payable falls into.

EnviTec Biogas AG 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.

EnviTec Biogas AG'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
=	( (19.324	+	22.626)	/	2 )	/	250.91	*	365
=	20.975					/	250.91	*	365
=	30.51

EnviTec Biogas AG'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
=	( (22.626	+	31.423)	/	2 )	/	68.886	*	365 / 2
=	27.0245					/	68.886	*	365 / 2
=	71.60

EnviTec Biogas AG Days Payable Related Terms

Thank you for viewing the detailed overview of EnviTec Biogas AG's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

EnviTec Biogas AG (XTER:ETG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » EnviTec Biogas AG (XTER:ETG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ETG:Germany ETG:Germany ETG:Germany

Address

Industriering 10a, Lohne, NW, DEU, 49393

Website

https://www.envitec-biogas.de

EnviTec Biogas AG is a Germany based company engaged in manufacturing and operating biogas and biomethane plants. It provides biological and technical services, and plant management and operation services. The operating segments of the company are Plant construction, Own plant operation and energy, and Service. It generates maximum revenue from its Own plant operation and energy segment. Geographically, it derives a majority of its revenue from Germany and also has a presence in Italy; Great Britain; Czech Republic; France; Denmark and Other Countries.

EnviTec Biogas AG (XTER:ETG) Headlines

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