Correlate Energy (Correlate Energy) Days Payable : 39.93 (As of Dec. 2023)

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What is Correlate Energy Days Payable?

Correlate Energy's average Accounts Payable for the three months ended in Dec. 2023 was $1.03 Mil. Correlate Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was $2.35 Mil. Hence, Correlate Energy's Days Payable for the three months ended in Dec. 2023 was 39.93.

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

CIPI' s Days Payable Range Over the Past 10 Years
Min: 61.4 Med: 440.65 Max: 4547.11
Current: 61.4

During the past 13 years, Correlate Energy's highest Days Payable was 4547.11. The lowest was 61.40. And the median was 440.65.

CIPI's Days Payable is ranked worse than
60.04% of 1604 companies
in the Construction industry
Industry Median: 74.18 vs CIPI: 61.40

Correlate Energy's Days Payable declined from Dec. 2022 (112.57) to Dec. 2023 (39.93). It may suggest that Correlate Energy accelerated paying its suppliers.

Correlate Energy Days Payable Historical Data

The historical data trend for Correlate 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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Correlate Energy Days Payable Chart

Correlate Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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4,547.11

638.75

2,555.00

107.87

64.22

Correlate 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															112.57	2,102.72	30.62	129.03	39.93

Competitive Comparison of Correlate Energy's Days Payable

For the Engineering & Construction subindustry, Correlate 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.

Correlate Energy's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Correlate Energy's Days Payable distribution charts can be found below:

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

Correlate 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.

Correlate 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
=	( (1.07	+	1.105)	/	2 )	/	6.181	*	365
=	1.0875					/	6.181	*	365
=	64.22

Correlate 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
=	( (0.955	+	1.105)	/	2 )	/	2.354	*	365 / 4
=	1.03					/	2.354	*	365 / 4
=	39.93

Correlate Energy Days Payable Related Terms

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Correlate Energy (Correlate Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Correlate Energy Corp (OTCPK:CIPI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

220 Travis Street, Suite 501, Shreveport, LA, USA, 71101

Website

https://www.correlate.energy

Correlate Energy Corp Formerly Correlate Infrastructure Partners Inc, together with its subsidiaries, is a technology-enabled clean energy optimization provider that offers a complete suite of proprietary clean energy assessment and deployment solutions for commercial and industrial (C&I) building and property owners in the United States. Through the company's true tech-enabled project development and financing platform, it provides portfolio energy optimization and clean energy solutions for sustainable profit growth in buildings nationwide.

Executives

Eli Albrecht	director	176 S. CAPITOL BLVD., 2ND FLOOR, BOISE ID 83702
Channing F. Chen	officer: Chief Financial Officer	25 ARUNDEL RD, BURLINGAME CA 94010
G Robert Powell	director	P.O. BOX 1204, LAFAYETTE CA 94549
Matthew C Flemming	director	18614 RESICA FALLS, HOUSTON TX 77094
Jason Loyet	director	205 DEMONBREUN STREET, 1801, NASHVILLE TN 37201
Todd Robert Michaels	director, officer: CEO and President	3212 S. EAGLE BROOK LANE, EAGLE ID 83616
Hunt Cory Gerald	director	939 MAYDEL PALMER VISTA NORTH, LETHBRIDGE A0 T1H7B7
Newton W. Dorsett	10 percent owner	220 TRAVIS STREET, SUITE 501, SHREVEPORT LA 71101
Tim Burroughs	officer: President, CEO	2717 SUN MEADOW DR, FLOWER MOUND TX 75022
Daniel R Robinson	director	190 COYOTE COURT, ARGYLE TX 76226
Donald R Lawhorne	director	2435 NORTH CENTRAL EXPRESSWAY, SUITE 200, RICHARDSON TX 75080
Kenneth Conte	officer: Chief Financial Officer	12222 MERIT DRIVE, SUITE 1850, DALLAS TX 75251
Charles David York	officer: Executive Vice President	5004 JOSHUA DRIVE, FLOWER MOUND TX 75028
Sherri Cecotti	officer: Vice President	3030 LBJ FREEWAY, SUITE 1320, DALLAS TX 75234
Bernard O'donnell	director	3505 WOODHAVEN DRIVE, DALLAS TX 75234