Tesgas (WAR:TSG) Days Payable : 59.03 (As of Dec. 2023)

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What is Tesgas Days Payable?

Tesgas's average Accounts Payable for the three months ended in Dec. 2023 was zł15.6 Mil. Tesgas's Cost of Goods Sold for the three months ended in Dec. 2023 was zł24.1 Mil. Hence, Tesgas's Days Payable for the three months ended in Dec. 2023 was 59.03.

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

WAR:TSG' s Days Payable Range Over the Past 10 Years
Min: 47.87 Med: 71.39 Max: 82.63
Current: 55.59

During the past 13 years, Tesgas's highest Days Payable was 82.63. The lowest was 47.87. And the median was 71.39.

WAR:TSG's Days Payable is ranked worse than
59.72% of 494 companies
in the Utilities - Regulated industry
Industry Median: 66.265 vs WAR:TSG: 55.59

Tesgas's Days Payable increased from Dec. 2022 (51.63) to Dec. 2023 (59.03). It may suggest that Tesgas delayed paying its suppliers.

Tesgas Days Payable Historical Data

The historical data trend for Tesgas'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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Tesgas Days Payable Chart

Tesgas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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47.87

71.70

59.59

61.68

52.64

Tesgas 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															51.63	51.39	63.26	54.71	59.03

Competitive Comparison of Tesgas's Days Payable

For the Utilities - Regulated Gas subindustry, Tesgas'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.

Tesgas's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Tesgas's Days Payable distribution charts can be found below:

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

Tesgas 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.

Tesgas'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
=	( (23.944	+	9.657)	/	2 )	/	116.488	*	365
=	16.8005					/	116.488	*	365
=	52.64

Tesgas'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
=	( (21.569	+	9.657)	/	2 )	/	24.134	*	365 / 4
=	15.613					/	24.134	*	365 / 4
=	59.03

Tesgas Days Payable Related Terms

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Tesgas (WAR:TSG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Tesgas SA (WAR:TSG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ulica Batorowska 9, D?browa, Dopiewo, POL, 62-070

Website

http://www.tesgas.pl

Tesgas SA offers transmission and distribution of natural gas, construction and renovation of gas networks, gas stations & boiler rooms and facilities associated with the extraction of natural gas and crude oil.