Boart Longyear (ASX:BLY) Days Payable : 63.51 (As of Dec. 2023)

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What is Boart Longyear Days Payable?

Boart Longyear's average Accounts Payable for the six months ended in Dec. 2023 was A$222 Mil. Boart Longyear's Cost of Goods Sold for the six months ended in Dec. 2023 was A$638 Mil. Hence, Boart Longyear's Days Payable for the six months ended in Dec. 2023 was 63.51.

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

ASX:BLY' s Days Payable Range Over the Past 10 Years
Min: 29.74 Med: 35.27 Max: 57.37
Current: 57.37

During the past 13 years, Boart Longyear's highest Days Payable was 57.37. The lowest was 29.74. And the median was 35.27.

ASX:BLY's Days Payable is ranked worse than
51.84% of 899 companies
in the Oil & Gas industry
Industry Median: 61.11 vs ASX:BLY: 57.37

Boart Longyear's Days Payable increased from Dec. 2022 (56.14) to Dec. 2023 (63.51). It may suggest that Boart Longyear delayed paying its suppliers.

Boart Longyear Days Payable Historical Data

The historical data trend for Boart Longyear'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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Boart Longyear Days Payable Chart

Boart Longyear Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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34.85

42.60

34.87

40.93

48.71

Boart Longyear Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															50.25	52.94	56.14	59.88	63.51

Competitive Comparison of Boart Longyear's Days Payable

For the Oil & Gas Equipment & Services subindustry, Boart Longyear'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.

Boart Longyear's Days Payable Distribution in the Oil & Gas Industry

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

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

Boart Longyear 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.

Boart Longyear'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
=	( (165.725	+	179.68)	/	2 )	/	1294.197	*	365
=	172.7025					/	1294.197	*	365
=	48.71

Boart Longyear'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (264.049	+	179.68)	/	2 )	/	637.509	*	365 / 2
=	221.8645					/	637.509	*	365 / 2
=	63.51

Boart Longyear Days Payable Related Terms

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Boart Longyear (ASX:BLY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Boart Longyear Ltd (ASX:BLY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

BLYFF:USA 3JO:Germany

Address

2455 South 3600 West, Salt Lake City, UT, USA, 84119

Website

https://www.boartlongyear.com

Boart Longyear Ltd is a U.S.-based ASX-listed company with large market shares in the Global mineral drilling services and drilling equipment industries. The company operates two divisions: Global Drilling Services and Global Products. The Global Drilling Services division that derives the majority revenue operates for a diverse mining customer base spanning a wide range of commodities, including copper, gold, nickel, zinc, uranium, and other metals and minerals. The Global Products division designs, manufactures and sells drilling equipment, performance tooling, down-hole instrumentation, and parts and services.

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