Aban Offshore (NSE:ABAN) Days Payable : 1,079.41 (As of Dec. 2023)

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What is Aban Offshore Days Payable?

Aban Offshore's average Accounts Payable for the three months ended in Dec. 2023 was ₹3,422 Mil. Aban Offshore's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹289 Mil. Hence, Aban Offshore's Days Payable for the three months ended in Dec. 2023 was 1,079.41.

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

NSE:ABAN' s Days Payable Range Over the Past 10 Years
Min: 261.43 Med: 550.87 Max: 1596.26
Current: 1219.78

During the past 13 years, Aban Offshore's highest Days Payable was 1596.26. The lowest was 261.43. And the median was 550.87.

NSE:ABAN's Days Payable is ranked better than
95.23% of 901 companies
in the Oil & Gas industry
Industry Median: 61.11 vs NSE:ABAN: 1219.78

Aban Offshore's Days Payable declined from Dec. 2022 (1,529.43) to Dec. 2023 (1,079.41). It may suggest that Aban Offshore accelerated paying its suppliers.

Aban Offshore Days Payable Historical Data

The historical data trend for Aban Offshore'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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Aban Offshore Days Payable Chart

Aban Offshore Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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364.91

345.92

775.44

736.83

1,014.77

Aban Offshore 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															1,529.43	1,534.19	1,157.38	1,073.81	1,079.41

Competitive Comparison of Aban Offshore's Days Payable

For the Oil & Gas Drilling subindustry, Aban Offshore'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.

Aban Offshore's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Aban Offshore's Days Payable falls into.

Aban Offshore 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.

Aban Offshore's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (3369.78	+	3920.13)	/	2 )	/	1311.05	*	365
=	3644.955					/	1311.05	*	365
=	1,014.77

Aban Offshore'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
=	( (3421.71	+	0)	/	1 )	/	289.26	*	365 / 4
=	3421.71					/	289.26	*	365 / 4
=	1,079.41

Aban Offshore Days Payable Related Terms

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Aban Offshore (NSE:ABAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Aban Offshore Ltd (NSE:ABAN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

523204:India

Address

Pantheon Road, 113, Janpriya Crest, Egmore, Chennai, TN, IND, 600 008

Website

https://www.abanoffshore.com

Aban Offshore Ltd is an Indian company engaged in the business of offshore drilling services. Its services include exploratory services, drilling services, production of hydrocarbons and manning and management. The business also owns and wind turbines for the generation of wind power in India. It generates maximum revenue from drilling services. Aban serves South East Asia, South Asia, Latin America, West Africa, and the Middle East.

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