Premier Oil (Premier Oil) Days Payable : 86.41 (As of Dec. 2020)

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What is Premier Oil Days Payable?

Premier Oil's average Accounts Payable for the six months ended in Dec. 2020 was $241.9 Mil. Premier Oil's Cost of Goods Sold for the six months ended in Dec. 2020 was $510.8 Mil. Hence, Premier Oil's Days Payable for the six months ended in Dec. 2020 was 86.41.

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

PMOIY's Days Payable is not ranked ^*
in the Oil & Gas industry.
Industry Median: 59.43
* Ranked among companies with meaningful Days Payable only.

Premier Oil's Days Payable increased from Dec. 2019 (56.10) to Dec. 2020 (86.41). It may suggest that Premier Oil delayed paying its suppliers.

Premier Oil Days Payable Historical Data

The historical data trend for Premier Oil'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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Premier Oil Days Payable Chart

Premier Oil Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Days Payable

Get a 7-Day Free Trial

18.05

31.38

36.27

11.85

21.99

Premier Oil Semi-Annual Data
	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20
Days Payable	Get a 7-Day Free Trial															72.99	62.23	56.10	79.87	86.41

Competitive Comparison of Premier Oil's Days Payable

For the Oil & Gas E&P subindustry, Premier Oil'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.

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

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

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

Premier Oil 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.

Premier Oil's Days Payable for the fiscal year that ended in Dec. 2020 is calculated as

	Days Payable (A: Dec. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2019 )	+	Accounts Payable (A: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2020 )	*	Days in Period
=	( (30.5	+	89.5)	/	2 )	/	996	*	365
=	60					/	996	*	365
=	21.99

Premier Oil's Days Payable for the quarter that ended in Dec. 2020 is calculated as:

	Days Payable (Q: Dec. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2020 )	+	Accounts Payable (Q: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2020 )	*	Days in Period
=	( (394.2	+	89.5)	/	2 )	/	510.8	*	365 / 2
=	241.85					/	510.8	*	365 / 2
=	86.41

Premier Oil Days Payable Related Terms

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Premier Oil (Premier Oil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Premier Oil PLC (OTCPK:PMOIY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

23 Lower Belgrave Street, London, GBR, SW1W 0NR

Website

https://www.premier-oil.com

Premier Oil PLC is a United Kingdom-based independent international oil and gas exploration and production firm. The company engages in the business of upstream oil and gas exploration and production. Its operations are located and managed in five business units; namely, the Falkland Islands, Indonesia, Vietnam, the United Kingdom, and the Rest of the World. A vast majority of its revenue is generated from the United Kingdom segment.