Cadogan Energy Solutions (FRA:CPD) Days Payable : 7.74 (As of Dec. 2023)

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What is Cadogan Energy Solutions Days Payable?

Cadogan Energy Solutions's average Accounts Payable for the six months ended in Dec. 2023 was €0.13 Mil. Cadogan Energy Solutions's Cost of Goods Sold for the six months ended in Dec. 2023 was €3.02 Mil. Hence, Cadogan Energy Solutions's Days Payable for the six months ended in Dec. 2023 was 7.74.

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

FRA:CPD' s Days Payable Range Over the Past 10 Years
Min: 7.39 Med: 20.91 Max: 35.05
Current: 24.74

During the past 13 years, Cadogan Energy Solutions's highest Days Payable was 35.05. The lowest was 7.39. And the median was 20.91.

FRA:CPD's Days Payable is ranked worse than
82.44% of 900 companies
in the Oil & Gas industry
Industry Median: 60.89 vs FRA:CPD: 24.74

Cadogan Energy Solutions's Days Payable declined from Dec. 2022 (72.81) to Dec. 2023 (7.74). It may suggest that Cadogan Energy Solutions accelerated paying its suppliers.

Cadogan Energy Solutions Days Payable Historical Data

The historical data trend for Cadogan Energy Solutions'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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Cadogan Energy Solutions Days Payable Chart

Cadogan Energy Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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27.35

35.77

29.87

33.53

24.55

Cadogan Energy Solutions 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															27.90	52.33	72.81	50.59	7.74

Competitive Comparison of Cadogan Energy Solutions's Days Payable

For the Oil & Gas E&P subindustry, Cadogan Energy Solutions'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.

Cadogan Energy Solutions's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Cadogan Energy Solutions's Days Payable falls into.

Cadogan Energy Solutions 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.

Cadogan Energy Solutions'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
=	( (0.537	+	0.128)	/	2 )	/	4.943	*	365
=	0.3325					/	4.943	*	365
=	24.55

Cadogan Energy Solutions'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	+	0.128)	/	1 )	/	3.019	*	365 / 2
=	0.128					/	3.019	*	365 / 2
=	7.74

Cadogan Energy Solutions Days Payable Related Terms

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Cadogan Energy Solutions (FRA:CPD) Business Description

Industry

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CAD.GB:UK CAD:UK

Address

60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR

Website

https://www.cadoganenergysolutions.com

Cadogan Energy Solutions PLC is an independent energy company, which operates an exploration and production license in Western Ukraine, conducts gas trading operations, and provides services to E&P companies. The objective of the company is to be a diversified energy group making investments offering energy solutions and alternative services with a lower environmental impact. It has two operating segments; the Exploration and Production segment includes E&P activities on the exploration and production licenses for natural gas, oil, and condensate, and the Trading segment includes the Import of natural gas from European countries and Local purchase and sales of natural gas operations with physical delivery of natural gas.

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