Genie Energy (Genie Energy) Days Payable : 33.75 (As of Dec. 2023)

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What is Genie Energy Days Payable?

Genie Energy's average Accounts Payable for the three months ended in Dec. 2023 was $26.4 Mil. Genie Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was $71.3 Mil. Hence, Genie Energy's Days Payable for the three months ended in Dec. 2023 was 33.75.

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

GNE' s Days Payable Range Over the Past 10 Years
Min: 31.46 Med: 34.91 Max: 45.24
Current: 31.46

During the past 13 years, Genie Energy's highest Days Payable was 45.24. The lowest was 31.46. And the median was 34.91.

GNE's Days Payable is ranked worse than
84.04% of 495 companies
in the Utilities - Regulated industry
Industry Median: 67.1 vs GNE: 31.46

Genie Energy's Days Payable declined from Dec. 2022 (43.10) to Dec. 2023 (33.75). It may suggest that Genie Energy accelerated paying its suppliers.

Genie Energy Days Payable Historical Data

The historical data trend for Genie 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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Genie Energy Days Payable Chart

Genie Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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33.69

35.76

32.67

45.24

34.36

Genie Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															43.10	28.65	36.09	26.45	33.75

Competitive Comparison of Genie Energy's Days Payable

For the Utilities - Regulated Electric subindustry, Genie 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.

Genie Energy's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Genie Energy's Days Payable distribution charts can be found below:

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

Genie 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.

Genie 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
=	( (25.313	+	27.881)	/	2 )	/	282.502	*	365
=	26.597					/	282.502	*	365
=	34.36

Genie Energy's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (24.857	+	27.881)	/	2 )	/	71.291	*	365 / 4
=	26.369					/	71.291	*	365 / 4
=	33.75

Genie Energy Days Payable Related Terms

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Genie Energy (Genie Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Genie Energy Ltd (NYSE:GNE) » Definitions » Days Payable

Comparable Companies

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Traded in Other Exchanges

6GE:Germany 6GE:Germany

Address

520 Broad Street, Newark, NJ, USA, 07102

Website

https://www.genie.com

Genie Energy, through its subsidiaries, operates primarily as a global retail energy provider. It operates two reportable business segments: Genie retail energy, or GRE, and Genie renewables. The Genie retail energy segment resells energy to residential and commercial consumers in the Eastern and Midwestern United States through its portfolio of various retail energy providers. The Genie renewables segment holds controlling interests in various companies engaged in the manufacturing of solar panels, solar installation design, and solar energy project management.

Executives

Alan B Rosenthal	director	C/O GENIE ENERGY LTD., 520 BROAD STREET, NEWARK NJ 07102
Joyce J Mason	director	IDT CORP, 520 BROAD STREET, NEWARK NJ 07102
Avi Goldin	officer: CFO and Treasurer	C/O GENIE ENERGY LTD., 520 BROAD STREET, NEWARK NJ 07102
James A Courter	director	IDT CORP, 520 BROAD STREET, NEWARK NJ 07102
Howard S Jonas	director, 10 percent owner, officer: Chairman of the Board
Michael C Jonas	officer: Executive Vice President	C/O GENIE ENERGY LTD., 550 BROAD STREET, NEWARK NJ 07102
Michael M Stein	officer: Executive Vice President	550 BROAD STREET, 17TH FLOOR, NEWARK NJ 07102
Irwin Katsof	director	C/O CTM MEDIA HOLDINGS, INC., 11 LARGO DRIVE SOUTH, STAMFORD CT 06907
Claude Pupkin	officer: CEO & President	IDT CORPORATION, 520 BROAD STREET, NEWARK NJ 07102
Ira A Greenstein	officer: President	IDT CORP, 520 BROAD STREET, NEWARK NJ 07102
Idt Corp	10 percent owner	520 BROAD STREET, NEWARK NJ 07102
William Wesley Perry	director
Allan Sass	director	C/O GENIE ENERGY LTD., 520 BROAD STREET, NEWARK NJ 07102
Geoffrey Rochwarger	officer: Vice Chairman	IDT CORP, 520 BROAD STREET, NEWARK NJ 07102