Motor Oil (Hellas) Corinth Refineries (FRA:MHZ) Days Payable : 35.06 (As of Dec. 2023)

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What is Motor Oil (Hellas) Corinth Refineries Days Payable?

Motor Oil (Hellas) Corinth Refineries's average Accounts Payable for the three months ended in Dec. 2023 was €1,183 Mil. Motor Oil (Hellas) Corinth Refineries's Cost of Goods Sold for the three months ended in Dec. 2023 was €3,079 Mil. Hence, Motor Oil (Hellas) Corinth Refineries's Days Payable for the three months ended in Dec. 2023 was 35.06.

The historical rank and industry rank for Motor Oil (Hellas) Corinth Refineries's Days Payable or its related term are showing as below:

FRA:MHZ' s Days Payable Range Over the Past 10 Years
Min: 23.19 Med: 30.15 Max: 46.77
Current: 32.84

During the past 13 years, Motor Oil (Hellas) Corinth Refineries's highest Days Payable was 46.77. The lowest was 23.19. And the median was 30.15.

FRA:MHZ's Days Payable is ranked worse than
73.56% of 900 companies
in the Oil & Gas industry
Industry Median: 61.045 vs FRA:MHZ: 32.84

Motor Oil (Hellas) Corinth Refineries's Days Payable increased from Dec. 2022 (32.45) to Dec. 2023 (35.06). It may suggest that Motor Oil (Hellas) Corinth Refineries delayed paying its suppliers.

Motor Oil (Hellas) Corinth Refineries Days Payable Historical Data

The historical data trend for Motor Oil (Hellas) Corinth Refineries'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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Motor Oil (Hellas) Corinth Refineries Days Payable Chart

Motor Oil (Hellas) Corinth Refineries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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30.67

46.77

29.77

23.19

31.54

Motor Oil (Hellas) Corinth Refineries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															32.45	30.79	37.17	30.56	35.06

Competitive Comparison of Motor Oil (Hellas) Corinth Refineries's Days Payable

For the Oil & Gas Refining & Marketing subindustry, Motor Oil (Hellas) Corinth Refineries'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.

Motor Oil (Hellas) Corinth Refineries's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Motor Oil (Hellas) Corinth Refineries's Days Payable distribution charts can be found below:

* The bar in red indicates where Motor Oil (Hellas) Corinth Refineries's Days Payable falls into.

Motor Oil (Hellas) Corinth Refineries 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.

Motor Oil (Hellas) Corinth Refineries'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
=	( (932.387	+	1094.646)	/	2 )	/	11729.1	*	365
=	1013.5165					/	11729.1	*	365
=	31.54

Motor Oil (Hellas) Corinth Refineries'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1271.649	+	1094.646)	/	2 )	/	3079.377	*	365 / 4
=	1183.1475					/	3079.377	*	365 / 4
=	35.06

Motor Oil (Hellas) Corinth Refineries Days Payable Related Terms

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Motor Oil (Hellas) Corinth Refineries (FRA:MHZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Motor Oil (Hellas) Corinth Refineries SA (FRA:MHZ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MOHCY:USA MOH:Greece 0MQT:UK MHZ:Germany

Address

12A, Irodou Attikou Street, Maroussi, GRC, 151 24

Website

https://www.moh.gr

Motor Oil (Hellas) Corinth Refineries SA operates a series of ancillary plants and offsite facilities that make up its refinery business. Its operations can process crude oils of various characteristics and produce a full range of petroleum products, complying with myriad international specifications. It serves major petroleum marketing companies in Greece and internationally. Motor Oil Hellas' production ranges from light ends and gasoline to middle distillates, fuel, bitumen, and lubricants. The company is one of very few in its region that produces and packages lubricants. Its base oils and lubricants are approved by several prominent international organizations.

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