Euronav NV (Euronav NV) Days Payable : 48.04 (As of Dec. 2023)

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What is Euronav NV Days Payable?

Euronav NV's average Accounts Payable for the three months ended in Dec. 2023 was $78 Mil. Euronav NV's Cost of Goods Sold for the three months ended in Dec. 2023 was $147 Mil. Hence, Euronav NV's Days Payable for the three months ended in Dec. 2023 was 48.04.

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

EURN' s Days Payable Range Over the Past 10 Years
Min: 10.05 Med: 14.86 Max: 53.79
Current: 53.79

During the past 13 years, Euronav NV's highest Days Payable was 53.79. The lowest was 10.05. And the median was 14.86.

EURN's Days Payable is ranked worse than
53.73% of 899 companies
in the Oil & Gas industry
Industry Median: 59.45 vs EURN: 53.79

Euronav NV's Days Payable increased from Dec. 2022 (43.00) to Dec. 2023 (48.04). It may suggest that Euronav NV delayed paying its suppliers.

Euronav NV Days Payable Historical Data

The historical data trend for Euronav NV'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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Euronav NV Days Payable Chart

Euronav NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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10.15

13.58

13.99

14.93

20.34

Euronav NV 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															43.00	40.04	76.57	82.58	48.04

Competitive Comparison of Euronav NV's Days Payable

For the Oil & Gas Midstream subindustry, Euronav NV'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.

Euronav NV's Days Payable Distribution in the Oil & Gas Industry

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

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

Euronav NV 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.

Euronav NV'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
=	( (24.696	+	42.032)	/	2 )	/	598.663	*	365
=	33.364					/	598.663	*	365
=	20.34

Euronav NV'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
=	( (113.225	+	42.032)	/	2 )	/	147.451	*	365 / 4
=	77.6285					/	147.451	*	365 / 4
=	48.04

Euronav NV Days Payable Related Terms

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Euronav NV (Euronav NV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Euronav NV (NYSE:EURN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

0K9A:UK OCW:Germany EURN:Belgium

Address

De Gerlachekaai 20, Antwerpen, BEL, B-2000

Website

http://www.euronav.com

Euronav NV owns and operates a fleet of vessels for international maritime shipping and storage of crude oil and petroleum products. The company organises itself into two segments: tankers and floating storage and offloading activities, or FSO. The tankers segment, which generates the majority of revenue, operates crude oil tankers on international markets. The FSO segment conducts floating production, floating storage, and offloading operations for crude oil and petroleum products.