Dragon Oil (FRA:DRS) Days Payable : 156.31 (As of Jun. 2015)

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What is Dragon Oil Days Payable?

Dragon Oil's average Accounts Payable for the six months ended in Jun. 2015 was €185.0 Mil. Dragon Oil's Cost of Goods Sold for the six months ended in Jun. 2015 was €216.0 Mil. Hence, Dragon Oil's Days Payable for the six months ended in Jun. 2015 was 156.31.

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

FRA:DRS' s Days Payable Range Over the Past 10 Years
Min: 40.92 Med: 65.91 Max: 235.82
Current: 156.81

During the past 13 years, Dragon Oil's highest Days Payable was 235.82. The lowest was 40.92. And the median was 65.91.

FRA:DRS's Days Payable is not ranked
in the Oil & Gas industry.
Industry Median: 59.19 vs FRA:DRS: 156.81

Dragon Oil's Days Payable declined from Jun. 2014 (688.43) to Jun. 2015 (156.31). It may suggest that Dragon Oil accelerated paying its suppliers.

Dragon Oil Days Payable Historical Data

The historical data trend for Dragon 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.

* Premium members only.

Dragon Oil Days Payable Chart

Dragon Oil Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Days Payable

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86.44

86.18

53.50

99.66

175.88

Dragon Oil Semi-Annual Data
	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15
Days Payable	Get a 7-Day Free Trial								47.49	83.04	688.43	364.37	156.31

Competitive Comparison of Dragon Oil's Days Payable

For the Oil & Gas E&P subindustry, Dragon 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.

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

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

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

Dragon 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.

Dragon Oil's Days Payable for the fiscal year that ended in Dec. 2014 is calculated as

	Days Payable (A: Dec. 2014 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2013 )	+	Accounts Payable (A: Dec. 2014 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2014 )	*	Days in Period
=	( (91.865	+	186.855)	/	2 )	/	289.217	*	365
=	139.36					/	289.217	*	365
=	175.88

Dragon Oil's Days Payable for the quarter that ended in Jun. 2015 is calculated as:

	Days Payable (Q: Jun. 2015 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2014 )	+	Accounts Payable (Q: Jun. 2015 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2015 )	*	Days in Period
=	( (186.855	+	183.153)	/	2 )	/	216.001	*	365 / 2
=	185.004					/	216.001	*	365 / 2
=	156.31

Dragon Oil Days Payable Related Terms

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Dragon Oil (FRA:DRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Dragon Oil PLC (FRA:DRS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.dragonoil.com

Dragon Oil PLC is an independent oil and gas exploration, development and production company. The Company's producing asset is the Cheleken Contract Area, in the eastern section of the Caspian Sea, offshore Turkmenistan. It has exploration blocks offshore Tunisia (the Bargou Exploration Permit), in Iraq (Block 9), Afghanistan (Sanduqli and Mazar-i-Sharif blocks), offshore the Philippines (Service Contract 63) in partnership with other companies and Block 19 in Egypt. The Company develops the hydrocarbon reserves in the Cheleken Contract Area in accordance with the terms of the Production Sharing Agreement (PSA). As at 31 December 2014 the Company had probably oil reserves of 663 million barrels of oil and condensate, gas 2P reserves and contingent gas resources of c. 2.7 TCF. The Bargou Exploration Permit contains prospective resources, while Block 9, Sanduqli and Mazar-i-Sharif blocks and Block 19 are at an early stage of exploration. The Company is subject to the international laws and regulations that it operates in.