Molecular Energies (LSE:MEN) Days Payable : 89.22 (As of Jun. 2023)

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What is Molecular Energies Days Payable?

Molecular Energies's average Accounts Payable for the six months ended in Jun. 2023 was £5.44 Mil. Molecular Energies's Cost of Goods Sold for the six months ended in Jun. 2023 was £11.13 Mil. Hence, Molecular Energies's Days Payable for the six months ended in Jun. 2023 was 89.22.

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

LSE:MEN' s Days Payable Range Over the Past 10 Years
Min: 39.94 Med: 56.86 Max: 220.18
Current: 93.02

During the past 13 years, Molecular Energies's highest Days Payable was 220.18. The lowest was 39.94. And the median was 56.86.

LSE:MEN's Days Payable is ranked better than
64.59% of 901 companies
in the Oil & Gas industry
Industry Median: 61.11 vs LSE:MEN: 93.02

Molecular Energies's Days Payable increased from Jun. 2022 (85.50) to Jun. 2023 (89.22). It may suggest that Molecular Energies delayed paying its suppliers.

Molecular Energies Days Payable Historical Data

The historical data trend for Molecular Energies'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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Molecular Energies Days Payable Chart

Molecular Energies Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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62.42

54.90

38.66

45.01

54.70

Molecular Energies Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial															96.73	98.43	85.50	79.51	89.22

Competitive Comparison of Molecular Energies's Days Payable

For the Oil & Gas E&P subindustry, Molecular Energies'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.

Molecular Energies's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Molecular Energies's Days Payable falls into.

Molecular Energies 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.

Molecular Energies's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (3.632	+	3.835)	/	2 )	/	24.912	*	365
=	3.7335					/	24.912	*	365
=	54.70

Molecular Energies's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (3.835	+	7.051)	/	2 )	/	11.134	*	365 / 2
=	5.443					/	11.134	*	365 / 2
=	89.22

Molecular Energies Days Payable Related Terms

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Molecular Energies (LSE:MEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Molecular Energies PLC (LSE:MEN) » Definitions » Days Payable

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Traded in Other Exchanges

PPC.GB:UK

Address

Selby Road, Carrwood Park, Leeds, West Yorkshire, GBR, LS15 4LG

Website

https://www.molecularenergiesplc.com

Molecular Energies PLC is a oil and gas exploration and production company. Its principal activity is oil and gas exploration, development and production, and the sale of hydrocarbons and related activities. The Group operates in one product segment which is the exploration and production of hydrocarbons. The Company has oil and gas production in two geographical markets: Argentina and the United States, as well as exploration assets in both Argentina and Paraguay.

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