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EnviTec Biogas AG (XTER:ETG) Days Payable : 39.61 (As of Jun. 2024)


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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. 2024 was €22.9 Mil. EnviTec Biogas AG's Cost of Goods Sold for the six months ended in Jun. 2024 was €105.3 Mil. Hence, EnviTec Biogas AG's Days Payable for the six months ended in Jun. 2024 was 39.61.

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: 43.12   Max: 58.97
Current: 35.04

During the past 13 years, EnviTec Biogas AG's highest Days Payable was 58.97. The lowest was 30.51. And the median was 43.12.

XTER:ETG's Days Payable is ranked worse than
76.44% of 382 companies
in the Utilities - Independent Power Producers industry
Industry Median: 82.855 vs XTER:ETG: 35.04

EnviTec Biogas AG's Days Payable declined from Jun. 2023 (71.60) to Jun. 2024 (39.61). It may suggest that EnviTec Biogas AG accelerated 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.

* Premium members only.

EnviTec Biogas AG Days Payable Chart

EnviTec Biogas AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.78 41.90 35.91 30.51 35.92

EnviTec Biogas AG Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 41.24 26.19 71.60 30.51 39.61

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. 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
=( (22.626 + 22.916) / 2 ) / 231.416*365
=22.771 / 231.416*365
=35.92

EnviTec Biogas AG's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

Days Payable (Q: Jun. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2023 ) + Accounts Payable (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (22.916 + 22.811) / 2 ) / 105.333*365 / 2
=22.8635 / 105.333*365 / 2
=39.61

* 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.

EnviTec Biogas AG Days Payable Related Terms

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EnviTec Biogas AG Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » EnviTec Biogas AG (XTER:ETG) » Definitions » Days Payable
Comparable Companies
XTER:EKT XTER:PNE3 HAM:EBGK GEV SHSE:600900 CEG ISX:BREN WBO:VER SHSE:600025 OCSE:ORSTED BKK:GULF XPRA:CEZ BOM:541450 SHSE:600905 SHSE:600886 SZSE:001289 BSP:ELET3 OHEL:FORTUM XLIS:EDPR SHSE:600795
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.