Energy Solar Tech (XMAD:ETC) Days Payable : 34.90 (As of Dec. 2021)

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What is Energy Solar Tech Days Payable?

Energy Solar Tech's average Accounts Payable for the six months ended in Dec. 2021 was €0.30 Mil. Energy Solar Tech's Cost of Goods Sold for the six months ended in Dec. 2021 was €3.16 Mil. Hence, Energy Solar Tech's Days Payable for the six months ended in Dec. 2021 was 17.45.

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

XMAD:ETC's Days Payable is not ranked ^*
in the Utilities - Independent Power Producers industry.
Industry Median: 76.03
* Ranked among companies with meaningful Days Payable only.

Energy Solar Tech's Days Payable increased from . 20 (0.00) to Dec. 2021 (34.90). It may suggest that Energy Solar Tech delayed paying its suppliers.

Energy Solar Tech Days Payable Historical Data

The historical data trend for Energy Solar Tech'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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Energy Solar Tech Days Payable Chart

Energy Solar Tech Annual Data

Trend

Dec20

Dec21

Days Payable

643.55

34.90

Energy Solar Tech Semi-Annual Data
	Dec20	Dec21
Days Payable	643.55	34.90

Competitive Comparison of Energy Solar Tech's Days Payable

For the Utilities - Renewable subindustry, Energy Solar Tech'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.

Energy Solar Tech's Days Payable Distribution in the Utilities - Independent Power Producers Industry

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

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

Energy Solar Tech 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.

Energy Solar Tech's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as

	Days Payable (A: Dec. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2020 )	+	Accounts Payable (A: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2021 )	*	Days in Period
=	( (0.134	+	0.471)	/	2 )	/	3.164	*	365
=	0.3025					/	3.164	*	365
=	34.90

Energy Solar Tech's Days Payable for the quarter that ended in Dec. 2021 is calculated as:

	Days Payable (Q: Dec. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2020 )	+	Accounts Payable (Q: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2021 )	*	Days in Period
=	( (0.134	+	0.471)	/	2 )	/	3.164	*	365 / 2
=	0.3025					/	3.164	*	365 / 2
=	17.45

Energy Solar Tech Days Payable Related Terms

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Energy Solar Tech (XMAD:ETC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Energy Solar Tech SA (XMAD:ETC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

DH4:Germany

Address

C/ Ruso, 18, Las Rozas de Madrid, Madrid, ESP, 28290

Website

https://www.energysolartech.com

Energy Solar Tech SA is a technology company in the energy sector whose mission is to facilitate the migration of companies to renewable energies, The company offers its clients energy generation and efficiency technologies through its offer of energy Outsourcing services under the Energy As A Service model.

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