Oriental Petroleum & Minerals (PHS:OPM) Days Payable : 25.85 (As of Mar. 2024)

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What is Oriental Petroleum & Minerals Days Payable?

Oriental Petroleum & Minerals's average Accounts Payable for the three months ended in Mar. 2024 was ₱11.9 Mil. Oriental Petroleum & Minerals's Cost of Goods Sold for the three months ended in Mar. 2024 was ₱41.9 Mil. Hence, Oriental Petroleum & Minerals's Days Payable for the three months ended in Mar. 2024 was 25.85.

The historical rank and industry rank for Oriental Petroleum & Minerals's Days Payable or its related term are showing as below:

PHS:OPM' s Days Payable Range Over the Past 10 Years
Min: 12.79 Med: 25.65 Max: 66.77
Current: 29.5

During the past 13 years, Oriental Petroleum & Minerals's highest Days Payable was 66.77. The lowest was 12.79. And the median was 25.65.

PHS:OPM's Days Payable is ranked worse than
78.29% of 898 companies
in the Oil & Gas industry
Industry Median: 61.48 vs PHS:OPM: 29.50

Oriental Petroleum & Minerals's Days Payable increased from Mar. 2023 (18.34) to Mar. 2024 (25.85). It may suggest that Oriental Petroleum & Minerals delayed paying its suppliers.

Oriental Petroleum & Minerals Days Payable Historical Data

The historical data trend for Oriental Petroleum & Minerals'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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Oriental Petroleum & Minerals Days Payable Chart

Oriental Petroleum & Minerals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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32.63

66.77

21.10

26.50

20.68

Oriental Petroleum & Minerals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															18.34	28.34	36.02	26.62	25.85

Competitive Comparison of Oriental Petroleum & Minerals's Days Payable

For the Oil & Gas E&P subindustry, Oriental Petroleum & Minerals'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.

Oriental Petroleum & Minerals's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Oriental Petroleum & Minerals's Days Payable falls into.

Oriental Petroleum & Minerals 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.

Oriental Petroleum & Minerals'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
=	( (7.992	+	7.875)	/	2 )	/	140.038	*	365
=	7.9335					/	140.038	*	365
=	20.68

Oriental Petroleum & Minerals'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
=	( (7.875	+	15.867)	/	2 )	/	41.9	*	365 / 4
=	11.871					/	41.9	*	365 / 4
=	25.85

Oriental Petroleum & Minerals Days Payable Related Terms

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Oriental Petroleum & Minerals (PHS:OPM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Oriental Petroleum & Minerals Corp (PHS:OPM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

OPTBF:USA OPMB:Philippines

Address

ADB Avenue, Ortigas Center, 34th Floor, Robinsons Equitable Tower, Pasig City, PHL, 1600

Website

https://www.opmc.com.ph

Oriental Petroleum & Minerals Corp is an exploration company. It is engaged in exploring, developing, and producing petroleum and mineral resources in the Philippines. It operates in the Oil Exploration and Development segment. Its operational activities depend on its service contracts with the government. The principal properties of the company consist of petroleum exploration areas in the Philippines, onshore and offshore. The group principally operates in the Philippines.

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