Ecopetrol (Ecopetrol) Days Payable

: 48.03 (As of Sep. 2023)

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Ecopetrol's average Accounts Payable for the three months ended in Sep. 2023 was $2,674 Mil. Ecopetrol's Cost of Goods Sold for the three months ended in Sep. 2023 was $5,082 Mil. Hence, Ecopetrol's Days Payable for the three months ended in Sep. 2023 was 48.03.

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

EC' s Days Payable Range Over the Past 10 Years
Min: 52.03 Med: 74.19 Max: 83.46
Current: 72.5

During the past 13 years, Ecopetrol's highest Days Payable was 83.46. The lowest was 52.03. And the median was 74.19.

EC's Days Payable is ranked better than
56.78% of 900 companies
in the Oil & Gas industry
Industry Median: 60.305 vs EC: 72.50

Ecopetrol's Days Payable declined from Jun. 2022 (94.04) to Sep. 2023 (48.03). It may suggest that Ecopetrol accelerated paying its suppliers.

Ecopetrol Days Payable Historical Data

The historical data trend for Ecopetrol'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.

* Premium members only.

Ecopetrol Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

82.82

84.25

57.95

56.52

52.26

Ecopetrol Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Days Payable																70.57	52.68	56.42	48.03	-

Competitive Comparison

For the Oil & Gas Integrated subindustry, Ecopetrol'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.

Ecopetrol Days Payable Distribution

For the Oil & Gas industry and Energy sector, Ecopetrol's Days Payable distribution charts can be found below:

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

Ecopetrol 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.

Ecopetrol'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
=	( (2656.617	+	3152.36)	/	2 )	/	18756.925	*	365
=	2904.4885					/	18756.925	*	365
=	56.52

Ecopetrol's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (2674.429	+	0)	/	1 )	/	5081.531	*	365 / 4
=	2674.429					/	5081.531	*	365 / 4
=	48.03

Ecopetrol Days Payable Related Terms

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Ecopetrol (Ecopetrol) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ecopetrol SA (NYSE:EC) » Definitions » Days Payable

Traded in Other Exchanges

ECHA:Germany ECHA:Germany ECOPETROL:Columbia E1CO34:Brazil

Address

Carrera 13 No. 36 - 24, Main Building, Bogota, COL

Website

https://www.ecopetrol.com.co

Ecopetrol SA is a vertically integrated oil company with operations in Latin America and the United States Gulf Coast. Based out of Colombia, the company explores, develops, and conducts production activities in various countries. Ecopetrol works as the primary operator or partner in a joint venture, in a host of assets held onshore and offshore. Along with production, the company refines and markets crude oils and byproducts produced from its fields. Crude products are moved by Ecopetrol through a series of pipelines throughout Colombia, along with a network of third-party production centers and facilities.