REN-Redes Energeticas Nacionais Sgps (XLIS:RENE) Days Payable : 251.44 (As of Dec. 2023)

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What is REN-Redes Energeticas Nacionais Sgps Days Payable?

REN-Redes Energeticas Nacionais Sgps's average Accounts Payable for the three months ended in Dec. 2023 was €383.1 Mil. REN-Redes Energeticas Nacionais Sgps's Cost of Goods Sold for the three months ended in Dec. 2023 was €139.0 Mil. Hence, REN-Redes Energeticas Nacionais Sgps's Days Payable for the three months ended in Dec. 2023 was 251.44.

The historical rank and industry rank for REN-Redes Energeticas Nacionais Sgps's Days Payable or its related term are showing as below:

XLIS:RENE' s Days Payable Range Over the Past 10 Years
Min: 297.92 Med: 398.23 Max: 943.76
Current: 427.09

During the past 13 years, REN-Redes Energeticas Nacionais Sgps's highest Days Payable was 943.76. The lowest was 297.92. And the median was 398.23.

XLIS:RENE's Days Payable is ranked better than
94.53% of 494 companies
in the Utilities - Regulated industry
Industry Median: 66.63 vs XLIS:RENE: 427.09

REN-Redes Energeticas Nacionais Sgps's Days Payable declined from Dec. 2022 (272.47) to Dec. 2023 (251.44). It may suggest that REN-Redes Energeticas Nacionais Sgps accelerated paying its suppliers.

REN-Redes Energeticas Nacionais Sgps Days Payable Historical Data

The historical data trend for REN-Redes Energeticas Nacionais Sgps'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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REN-Redes Energeticas Nacionais Sgps Days Payable Chart

REN-Redes Energeticas Nacionais Sgps Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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400.33

396.12

354.76

443.78

364.67

REN-Redes Energeticas Nacionais Sgps 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															272.47	665.22	574.11	638.33	251.44

Competitive Comparison of REN-Redes Energeticas Nacionais Sgps's Days Payable

For the Utilities - Diversified subindustry, REN-Redes Energeticas Nacionais Sgps'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.

REN-Redes Energeticas Nacionais Sgps's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, REN-Redes Energeticas Nacionais Sgps's Days Payable distribution charts can be found below:

* The bar in red indicates where REN-Redes Energeticas Nacionais Sgps's Days Payable falls into.

REN-Redes Energeticas Nacionais Sgps 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.

REN-Redes Energeticas Nacionais Sgps'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
=	( (219.141	+	352.089)	/	2 )	/	285.874	*	365
=	285.615					/	285.874	*	365
=	364.67

REN-Redes Energeticas Nacionais Sgps'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
=	( (414.116	+	352.089)	/	2 )	/	139.031	*	365 / 4
=	383.1025					/	139.031	*	365 / 4
=	251.44

REN-Redes Energeticas Nacionais Sgps Days Payable Related Terms

Thank you for viewing the detailed overview of REN-Redes Energeticas Nacionais Sgps's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

REN-Redes Energeticas Nacionais Sgps (XLIS:RENE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » REN-Redes Energeticas Nacionais Sgps SA (XLIS:RENE) » Definitions » Days Payable

Traded in Other Exchanges

0KBT:UK RN4:Germany

Address

Avenida Estados Unidos da America, 55, Lisbon, PRT, 1749-061

Website

http://www.ren.pt

REN-Redes Energeticas Nacionais Sgps SA is an energy and utilities company designed for the transmission and distributing electricity and natural gas. The company offers services that manage national energy transmission and distribution systems that include the national electric transmission grid (RNT), the national natural gas transportation grid (RNTGN) and the portgás distribution grid, enabling the creation of an Iberian electricity market that will develop the hydrogen corridor in Europe, together with other European TSOs (Enagas, GRTgaz, Terega and OGE).