Central Petroleum (ASX:CTP) Days Payable : 22.61 (As of Dec. 2023)

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What is Central Petroleum Days Payable?

Central Petroleum's average Accounts Payable for the six months ended in Dec. 2023 was A$1.67 Mil. Central Petroleum's Cost of Goods Sold for the six months ended in Dec. 2023 was A$13.51 Mil. Hence, Central Petroleum's Days Payable for the six months ended in Dec. 2023 was 22.61.

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

ASX:CTP' s Days Payable Range Over the Past 10 Years
Min: 22.44 Med: 66.78 Max: 391.2
Current: 43.03

During the past 13 years, Central Petroleum's highest Days Payable was 391.20. The lowest was 22.44. And the median was 66.78.

ASX:CTP's Days Payable is ranked worse than
63.56% of 900 companies
in the Oil & Gas industry
Industry Median: 60.215 vs ASX:CTP: 43.03

Central Petroleum's Days Payable declined from Dec. 2022 (127.73) to Dec. 2023 (22.61). It may suggest that Central Petroleum accelerated paying its suppliers.

Central Petroleum Days Payable Historical Data

The historical data trend for Central Petroleum'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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Central Petroleum Days Payable Chart

Central Petroleum Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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26.24

22.44

46.42

112.72

78.90

Central Petroleum 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															104.15	147.18	127.73	51.81	22.61

Competitive Comparison of Central Petroleum's Days Payable

For the Oil & Gas E&P subindustry, Central Petroleum'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.

Central Petroleum's Days Payable Distribution in the Oil & Gas Industry

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

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

Central Petroleum 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.

Central Petroleum's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (7.817	+	0.878)	/	2 )	/	20.113	*	365
=	4.3475					/	20.113	*	365
=	78.90

Central Petroleum'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
=	( (0.878	+	2.471)	/	2 )	/	13.514	*	365 / 2
=	1.6745					/	13.514	*	365 / 2
=	22.61

Central Petroleum Days Payable Related Terms

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Central Petroleum (ASX:CTP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Central Petroleum Ltd (ASX:CTP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

369 Ann Street, Level 7, Brisbane, QLD, AUS, 4000

Website

https://www.centralpetroleum.com.au

Central Petroleum Ltd is an oil and gas explorer and conventional producer with a focus on supplying the domestic gas market. It is engaged in the development, production, processing, and marketing of hydrocarbons and associated exploration. The company's operating segment includes production; development; and exploration. It generates maximum revenue from the Natural gas production segment. Geographically, it operates only in Australia.

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