Orbital Infrastructure Group (STU:CIJ0) Days Payable : 62.91 (As of Mar. 2023)

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What is Orbital Infrastructure Group Days Payable?

Orbital Infrastructure Group's average Accounts Payable for the three months ended in Mar. 2023 was €42.5 Mil. Orbital Infrastructure Group's Cost of Goods Sold for the three months ended in Mar. 2023 was €61.7 Mil. Hence, Orbital Infrastructure Group's Days Payable for the three months ended in Mar. 2023 was 62.91.

The historical rank and industry rank for Orbital Infrastructure Group's Days Payable or its related term are showing as below:

STU:CIJ0's Days Payable is not ranked ^*
in the Construction industry.
Industry Median: 75.21
* Ranked among companies with meaningful Days Payable only.

Orbital Infrastructure Group's Days Payable increased from Mar. 2022 (21.55) to Mar. 2023 (62.91). It may suggest that Orbital Infrastructure Group delayed paying its suppliers.

Orbital Infrastructure Group Days Payable Historical Data

The historical data trend for Orbital Infrastructure Group'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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Orbital Infrastructure Group Days Payable Chart

Orbital Infrastructure Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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66.01

45.30

113.23

42.78

28.24

Orbital Infrastructure Group Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Days Payable	Get a 7-Day Free Trial															21.55	24.27	26.53	45.36	62.91

Competitive Comparison of Orbital Infrastructure Group's Days Payable

For the Engineering & Construction subindustry, Orbital Infrastructure Group'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.

Orbital Infrastructure Group's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Orbital Infrastructure Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Orbital Infrastructure Group's Days Payable falls into.

Orbital Infrastructure Group 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.

Orbital Infrastructure Group'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
=	( (8.948	+	39.018)	/	2 )	/	309.932	*	365
=	23.983					/	309.932	*	365
=	28.24

Orbital Infrastructure Group's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

	Days Payable (Q: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (39.018	+	46.063)	/	2 )	/	61.709	*	365 / 4
=	42.5405					/	61.709	*	365 / 4
=	62.91

Orbital Infrastructure Group Days Payable Related Terms

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Orbital Infrastructure Group (STU:CIJ0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Orbital Infrastructure Group Inc (STU:CIJ0) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

5444 Westheimer Road, Suite 1650, Houston, TX, USA, 77056

Website

https://www.orbitalenergygroup.com

Orbital Infrastructure Group Inc is a diversified infrastructure services platform, providing engineering, design, construction, and maintenance services to customers in three operating segments namely electric power, telecommunications, and renewables.

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