Terna Energy (ATH:TENERGY) Days Payable : 146.26 (As of Jun. 2023)

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What is Terna Energy Days Payable?

Terna Energy's average Accounts Payable for the six months ended in Jun. 2023 was €66.1 Mil. Terna Energy's Cost of Goods Sold for the six months ended in Jun. 2023 was €82.5 Mil. Hence, Terna Energy's Days Payable for the six months ended in Jun. 2023 was 146.26.

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

ATH:TENERGY' s Days Payable Range Over the Past 10 Years
Min: 66.85 Med: 97.27 Max: 255.01
Current: 170.4

During the past 13 years, Terna Energy's highest Days Payable was 255.01. The lowest was 66.85. And the median was 97.27.

ATH:TENERGY's Days Payable is ranked better than
71.54% of 390 companies
in the Utilities - Independent Power Producers industry
Industry Median: 79.005 vs ATH:TENERGY: 170.40

Terna Energy's Days Payable declined from Jun. 2022 (279.23) to Jun. 2023 (146.26). It may suggest that Terna Energy accelerated paying its suppliers.

Terna Energy Days Payable Historical Data

The historical data trend for Terna 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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Terna Energy Days Payable Chart

Terna Energy Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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77.06

94.92

137.29

246.66

255.01

Terna Energy 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															90.55	309.47	279.23	196.54	146.26

Competitive Comparison of Terna Energy's Days Payable

For the Utilities - Renewable subindustry, Terna 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.

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

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

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

Terna 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.

Terna Energy'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
=	( (138.326	+	75.084)	/	2 )	/	152.729	*	365
=	106.705					/	152.729	*	365
=	255.01

Terna Energy'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
=	( (75.084	+	57.2)	/	2 )	/	82.531	*	365 / 2
=	66.142					/	82.531	*	365 / 2
=	146.26

Terna Energy Days Payable Related Terms

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Terna Energy (ATH:TENERGY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Terna Energy SA (ATH:TENERGY) » Definitions » Days Payable

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Traded in Other Exchanges

0OJX:UK 44T:Germany

Address

85 Mesogeion Avenue, Athens, GRC, 115 26

Website

https://www.terna-energy.com

Terna Energy SA is a Greece based company mainly engaged in the energy and construction sector. It operates through the following segments: The Construction segment refers to the development of wind farms and other units for electricity production from renewable energy sources; The Electricity from Renewable Sources of Energy segment mainly concerns the production of electricity through wind energy; The Concessions Segment concerns the construction and operation of infrastructure and public sector projects in exchange for the long-term operation of the above projects through the provision of services to the public. The majority is from the Electricity from Renewable Sources of Energy segment. Geographically, the key revenue is from Greece.

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