Polaris Renewable Energy (TSX:PIF) Days Payable : 99.47 (As of Dec. 2023)

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What is Polaris Renewable Energy Days Payable?

Polaris Renewable Energy's average Accounts Payable for the three months ended in Dec. 2023 was C$16.1 Mil. Polaris Renewable Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was C$14.7 Mil. Hence, Polaris Renewable Energy's Days Payable for the three months ended in Dec. 2023 was 99.47.

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

TSX:PIF' s Days Payable Range Over the Past 10 Years
Min: 12.96 Med: 21.52 Max: 92.45
Current: 92.03

During the past 13 years, Polaris Renewable Energy's highest Days Payable was 92.45. The lowest was 12.96. And the median was 21.52.

TSX:PIF's Days Payable is ranked better than
56.19% of 388 companies
in the Utilities - Independent Power Producers industry
Industry Median: 79.005 vs TSX:PIF: 92.03

Polaris Renewable Energy's Days Payable increased from Dec. 2022 (84.37) to Dec. 2023 (99.47). It may suggest that Polaris Renewable Energy delayed paying its suppliers.

Polaris Renewable Energy Days Payable Historical Data

The historical data trend for Polaris Renewable 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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Polaris Renewable Energy Days Payable Chart

Polaris Renewable Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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22.00

38.21

70.54

83.81

92.45

Polaris Renewable 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															84.37	83.21	-	-	99.47

Competitive Comparison of Polaris Renewable Energy's Days Payable

For the Utilities - Renewable subindustry, Polaris Renewable 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.

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

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

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

Polaris Renewable 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.

Polaris Renewable 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
=	( (12.904	+	16.052)	/	2 )	/	57.159	*	365
=	14.478					/	57.159	*	365
=	92.45

Polaris Renewable 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	+	16.052)	/	1 )	/	14.726	*	365 / 4
=	16.052					/	14.726	*	365 / 4
=	99.47

Polaris Renewable Energy Days Payable Related Terms

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Polaris Renewable Energy (TSX:PIF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Polaris Renewable Energy Inc (TSX:PIF) » Definitions » Days Payable

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RAMPF:USA N4T:Germany

Address

7 St. Thomas Street, Suite 606, Toronto, ON, CAN, M5S 2B7

Website

https://www.polarisrei.com

Polaris Renewable Energy Inc is engaged in the acquisition, exploration, development and operation of renewable energy projects in the Americas. The Company operates in five reportable operating segments: 1) Nicaragua which includes the acquisition, exploration, development and operation of a geothermal project; 2) Peru which includes the acquisition, exploration, development and operation of hydroelectric projects; 3) Panama which includes acquisition, development and operation of solar projects; 4) Dominican Republic which includes acquisition, development and operation of solar projects; 5) Ecuador which includes acquisition, exploration, development and operation of hydroelectric projects.

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