TechnipFMC (TechnipFMC) Days Payable : 76.70 (As of Dec. 2023)

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What is TechnipFMC Days Payable?

TechnipFMC's average Accounts Payable for the three months ended in Dec. 2023 was $1,447 Mil. TechnipFMC's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,721 Mil. Hence, TechnipFMC's Days Payable for the three months ended in Dec. 2023 was 76.70.

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

FTI' s Days Payable Range Over the Past 10 Years
Min: 73.52 Med: 110.65 Max: 162.92
Current: 79.2

During the past 13 years, TechnipFMC's highest Days Payable was 162.92. The lowest was 73.52. And the median was 110.65.

FTI's Days Payable is ranked better than
59.89% of 900 companies
in the Oil & Gas industry
Industry Median: 59.43 vs FTI: 79.20

TechnipFMC's Days Payable declined from Dec. 2022 (79.54) to Dec. 2023 (76.70). It may suggest that TechnipFMC accelerated paying its suppliers.

TechnipFMC Days Payable Historical Data

The historical data trend for TechnipFMC'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.

TechnipFMC Days Payable Chart

TechnipFMC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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162.92

120.74

81.62

81.03

73.52

TechnipFMC 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															79.54	82.20	81.42	82.43	76.70

Competitive Comparison of TechnipFMC's Days Payable

For the Oil & Gas Equipment & Services subindustry, TechnipFMC'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.

TechnipFMC's Days Payable Distribution in the Oil & Gas Industry

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

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

TechnipFMC 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.

TechnipFMC'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
=	( (1282.8	+	1355.8)	/	2 )	/	6550.1	*	365
=	1319.3					/	6550.1	*	365
=	73.52

TechnipFMC'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
=	( (1537.7	+	1355.8)	/	2 )	/	1721.3	*	365 / 4
=	1446.75					/	1721.3	*	365 / 4
=	76.70

TechnipFMC Days Payable Related Terms

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TechnipFMC (TechnipFMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TechnipFMC PLC (NYSE:FTI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

1T1:Germany 1T1:Germany T1EC34:Brazil FTI:Austria

Address

13460 Lockwood Road, Houston, TX, USA, 77044

Website

https://www.technipfmc.com

TechnipFMC is the largest pure-play offshore service provider, offering integrated deep-water offshore oil and gas development solutions that span the full spectrum of subsea equipment and subsea engineering and construction services. The company also provides various surface equipment used with onshore oil and gas wells. TechnipFMC originated with the 2017 merger of predecessor companies Technip and FMC Technologies.

Executives

Cristina Aalders	officer: EVP, Chief Legal Officer & Sec	ONE SUBSEA LANE, HOUSTON TX 77044
De Carvalho Filho Eleazar	director	HADRIAN HOUSE, WINCOMBLEE ROAD, NEWCASTLE UPON TYNE X0 NE6 3PL
Robert G Gwin	director	1201 LAKE ROBBINS DR, THE WOODLANDS TX 77380
Jonathan Landes	officer: President Subsea	ONE SUBSEA LANE, HOUSTON TX 77044
Thierry Conti	officer: President, Surface	ONE SUBSEA LANE, HOUSTON TX 77044
Luana Duffe	officer: EVP, New Energy Ventures	ONE SUBSEA LANE, HOUSTON TX 77044
Nisha P. Rai	officer: EVP, People & Culture	ONE SUBSEA LANE, HOUSTON TX 77044
Rousset Sophie Zurquiyah	director	C/O TECHNIPFMC PLC, HADRIAN HOUSE, WINCOMBLEE ROAD, NEWCASTLE UPON TYNE X0 NE6 3PL
Alf Melin	officer: EVP & Chief Financial Officer	ONE SUBSEA LANE, HOUSTON TX 77044
Victoria Lazar	officer: EVP, General Counsel & Sec	ONE SUBSEA LANE, HOUSTON TX 77044
Margareth Oevrum	director	FMC CORPORATION, 2929 WALNUT STREET, PHILADELPHIA PA 19104
Oleary John C G	director	C/O TECHNIPFMC PLC, HADRIAN HOUSE, WINCOMBLEE ROAD, NEWCASTLE UPON TYNE X0 NE6 3PL
Olivier Piou	director	ONE ST. PAUL'S CHURCHYARD, LONDON X0 EC4M 8AP
Maryann T. Mannen	officer: EVP & Chief Financial Officer	C/O MARATHON PETROLEUM CORPORATION, 539 SOUTH MAIN ST, FINDLAY OH 45840
Catherine Macgregor	officer: President Onshore/Offshore	6 ALLEE DE LARCHE FAUBOURG DE LARCHE, ZAC DANTON, COURBEVOIE I0 92400