Deep Value Driller AS (OSL:DVD) Days Payable : 193.55 (As of Mar. 2024)

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What is Deep Value Driller AS Days Payable?

Deep Value Driller AS's average Accounts Payable for the three months ended in Mar. 2024 was kr130.6 Mil. Deep Value Driller AS's Cost of Goods Sold for the three months ended in Mar. 2024 was kr61.6 Mil. Hence, Deep Value Driller AS's Days Payable for the three months ended in Mar. 2024 was 193.55.

The historical rank and industry rank for Deep Value Driller AS's Days Payable or its related term are showing as below:

OSL:DVD' s Days Payable Range Over the Past 10 Years
Min: 118.35 Med: 90825.69 Max: 447260.64
Current: 624.84

During the past 3 years, Deep Value Driller AS's highest Days Payable was 447260.64. The lowest was 118.35. And the median was 90825.69.

OSL:DVD's Days Payable is ranked better than
92.08% of 897 companies
in the Oil & Gas industry
Industry Median: 61.41 vs OSL:DVD: 624.84

Deep Value Driller AS's Days Payable increased from Mar. 2023 (175.42) to Mar. 2024 (193.55). It may suggest that Deep Value Driller AS delayed paying its suppliers.

Deep Value Driller AS Days Payable Historical Data

The historical data trend for Deep Value Driller AS'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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Deep Value Driller AS Days Payable Chart

Deep Value Driller AS Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

118.35

90,825.69

447,260.64

Deep Value Driller AS Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial								175.42	278.39	2,576.32	-	193.55

Competitive Comparison of Deep Value Driller AS's Days Payable

For the Oil & Gas Drilling subindustry, Deep Value Driller AS'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.

Deep Value Driller AS's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Deep Value Driller AS's Days Payable falls into.

Deep Value Driller AS 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.

Deep Value Driller AS'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
=	( (8.25	+	173.105)	/	2 )	/	0.074	*	365
=	90.6775					/	0.074	*	365
=	447,260.64

Deep Value Driller AS's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (173.105	+	88.144)	/	2 )	/	61.582	*	365 / 4
=	130.6245					/	61.582	*	365 / 4
=	193.55

Deep Value Driller AS Days Payable Related Terms

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Deep Value Driller AS (OSL:DVD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Deep Value Driller AS (OSL:DVD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

9YG:Germany

Address

Munkedamsveien 45F, 8th Floor, Oslo, NOR, 0250

Website

https://www.deepvaluedriller.no/

Deep Value Driller AS is a drillship-owning company that has acquired the high-specification UDW 7th generation drillship Deep Value Driller. The activities of the company are contracting, managing, and owning drilling rigs.