Alternus Clean Energy (Alternus Clean Energy) Days Payable : 254.14 (As of Dec. 2023)

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What is Alternus Clean Energy Days Payable?

Alternus Clean Energy's average Accounts Payable for the six months ended in Dec. 2023 was $3.11 Mil. Alternus Clean Energy's Cost of Goods Sold for the six months ended in Dec. 2023 was $4.47 Mil. Hence, Alternus Clean Energy's Days Payable for the six months ended in Dec. 2023 was 127.07.

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

ALCE' s Days Payable Range Over the Past 10 Years
Min: 254.14 Med: 558.27 Max: 633.77
Current: 254.14

During the past 3 years, Alternus Clean Energy's highest Days Payable was 633.77. The lowest was 254.14. And the median was 558.27.

ALCE's Days Payable is ranked better than
77.12% of 389 companies
in the Utilities - Independent Power Producers industry
Industry Median: 78.95 vs ALCE: 254.14

Alternus Clean Energy's Days Payable declined from Dec. 2021 (633.77) to Dec. 2023 (254.14). It may suggest that Alternus Clean Energy accelerated paying its suppliers.

Alternus Clean Energy Days Payable Historical Data

The historical data trend for Alternus Clean 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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Alternus Clean Energy Days Payable Chart

Alternus Clean Energy Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

633.77

558.27

254.14

Alternus Clean Energy Semi-Annual Data
	Dec21	Dec22	Dec23
Days Payable	633.77	558.27	254.14

Competitive Comparison of Alternus Clean Energy's Days Payable

For the Utilities - Renewable subindustry, Alternus Clean 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.

Alternus Clean Energy's Days Payable Distribution in the Utilities - Independent Power Producers Industry

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

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

Alternus Clean 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.

Alternus Clean 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
=	( (1.138	+	5.084)	/	2 )	/	4.468	*	365
=	3.111					/	4.468	*	365
=	254.14

Alternus Clean 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: Dec. 2022 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.138	+	5.084)	/	2 )	/	4.468	*	365 / 2
=	3.111					/	4.468	*	365 / 2
=	127.07

Alternus Clean Energy Days Payable Related Terms

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Alternus Clean Energy (Alternus Clean Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Alternus Clean Energy Inc (NAS:ALCE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Blanchardstown Corporate Park 2, Suite 9 & 10 Plaza 212, Dublin, IRL, D15 R504

Website

https://www.alternusenergy.com

Alternus Clean Energy Inc is an international independent clean energy producer. It develops, installs, owns and operates a diverse portfolio of utility-scale solar photovoltaic power stations (PV parks) in Europe and in the USA as a long-term owner. The solar parks benefit from long-term government offtake contracts and/or Power Purchase Agreements (PPAs) with investment grade off-takers, plus energy sales to local power grids.

Alternus Clean Energy (Alternus Clean Energy) Headlines

From GuruFocus

Alternus Clean Energy, Inc. Announces Closing of $2.16 Million Private Placement of Convertible Notes and Warrants

By Marketwired • 04-22-2024