Ormat Technologies (Ormat Technologies) Days Payable : 78.82 (As of Dec. 2023)

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What is Ormat Technologies Days Payable?

Ormat Technologies's average Accounts Payable for the three months ended in Dec. 2023 was $140.7 Mil. Ormat Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was $162.9 Mil. Hence, Ormat Technologies's Days Payable for the three months ended in Dec. 2023 was 78.82.

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

ORA' s Days Payable Range Over the Past 10 Years
Min: 41.77 Med: 49.91 Max: 70.44
Current: 70.44

During the past 13 years, Ormat Technologies's highest Days Payable was 70.44. The lowest was 41.77. And the median was 49.91.

ORA's Days Payable is ranked worse than
54.26% of 387 companies
in the Utilities - Independent Power Producers industry
Industry Median: 81.57 vs ORA: 70.44

Ormat Technologies's Days Payable increased from Dec. 2022 (56.49) to Dec. 2023 (78.82). It may suggest that Ormat Technologies delayed paying its suppliers.

Ormat Technologies Days Payable Historical Data

The historical data trend for Ormat Technologies'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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Ormat Technologies Days Payable Chart

Ormat Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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49.60

63.40

69.08

59.89

70.44

Ormat Technologies 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															56.49	64.83	-	-	78.82

Competitive Comparison of Ormat Technologies's Days Payable

For the Utilities - Renewable subindustry, Ormat Technologies'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.

Ormat Technologies's Days Payable Distribution in the Utilities - Independent Power Producers Industry

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

* The bar in red indicates where Ormat Technologies's Days Payable falls into.

Ormat Technologies 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.

Ormat Technologies'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
=	( (77.551	+	140.694)	/	2 )	/	565.406	*	365
=	109.1225					/	565.406	*	365
=	70.44

Ormat Technologies'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
=	( (0	+	140.694)	/	1 )	/	162.884	*	365 / 4
=	140.694					/	162.884	*	365 / 4
=	78.82

Ormat Technologies Days Payable Related Terms

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Ormat Technologies (Ormat Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Ormat Technologies Inc (NYSE:ORA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ORA:Israel HNM:Germany

Address

6140 Plumas Street, Reno, NV, USA, 89519-6075

Website

https://www.ormat.com

Ormat Technologies Inc is engaged in the geothermal energy power business. The company is engaged in three business segments: 1) Electricity Segment. where the company develops, builds, owns and operates geothermal, solar PV and recovered energy-based power plants in the United States and geothermal power plants in other countries and sell the electricity generated. 2) Product Segment includes designing, manufacturing and selling equipment for geothermal and recovered energy-based electricity generation and providing services relating to the engineering, procurement and construction of geothermal and recovered energy-based power plants. 3) Energy Storage Segment includes owning and operating grid-connected which provide capacity, energy and ancillary services directly to the electric grid.

Executives

Dafna Sharir	director	C/O AMPAL AMERICAN ISRAEL CORP, 111 ARLOZOROV STREET, TEL AVIV ISREL L3 00000
Isaac Angel	officer: CEO Appointee	2099 GATEWAY PLACE, SUITE 600 CA 95110
Doron Blachar	officer: CFO	6225 NEIL ROAD, RENO NV 89511
Stanley Stern	director	C/O THCG, INC, 650 MADISON AVENUE, 21ST FL, NEW YORK NY 10022
Orix Corp	10 percent owner	WORLD TRADE CENTER BLDG., SOUTH TOWER, 2-4-1 HAMAMATSU-CHO, MINATO-KU, TOKYO M0 105 5135
Byron G. Wong	director	2 TRAILS END, WESTPORT CT 06880
David Granot	director	6225 NEIL ROAD, RENO NV 89511
Shimon Hatzir	officer: VP, Elect. & Conceptual Engin.	6225 NEIL ROAD, SUITE 300, C/O ORMAT TECHNOLOGIES, INC., RENO NV 89511
Shlomi Argas	officer: V.P., Projects	6225 NEIL ROAD, RENO NV 89511
Karin Corfee	director	6140 PLUMAS STREET, RENO NV 89519
Michal Marom	director	6140 PLUMAS STREET, RENO NV 89519
Dan Falk	director	6225 NEIL ROAD, SUITE 300, C/O ORMAT TECHNOLOGIES, INC., RENO NV 89511
Jessica Woelfel	officer: General Counsel and CCO	6140 PLUMAS STREET, RENO NV 89519
Mike Nikkel	director	6140 PLUMAS STREET, RENO NV 89519
Zvi Krieger	officer: VP, Geothermal Enginerring	6225 NEIL ROAD, SUITE 300, C/O ORMAT TECHNOLOGIES, INC., RENO NV 89511