Ratio Petroleum Energy LP (Ratio Petroleum Energy LP) Days Payable : 192.71 (As of Jun. 2023)

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What is Ratio Petroleum Energy LP Days Payable?

Ratio Petroleum Energy LP's average Accounts Payable for the six months ended in Jun. 2023 was $0.14 Mil. Ratio Petroleum Energy LP's Cost of Goods Sold for the six months ended in Jun. 2023 was $0.13 Mil. Hence, Ratio Petroleum Energy LP's Days Payable for the six months ended in Jun. 2023 was 192.71.

The historical rank and industry rank for Ratio Petroleum Energy LP's Days Payable or its related term are showing as below:

RTIOF' s Days Payable Range Over the Past 10 Years
Min: 23.33 Med: 79.9 Max: 177.04
Current: 152.29

During the past 6 years, Ratio Petroleum Energy LP's highest Days Payable was 177.04. The lowest was 23.33. And the median was 79.90.

RTIOF's Days Payable is ranked better than
77.25% of 901 companies
in the Oil & Gas industry
Industry Median: 60.98 vs RTIOF: 152.29

Ratio Petroleum Energy LP's Days Payable increased from Jun. 2022 (86.58) to Jun. 2023 (192.71). It may suggest that Ratio Petroleum Energy LP delayed paying its suppliers.

Ratio Petroleum Energy LP Days Payable Historical Data

The historical data trend for Ratio Petroleum Energy LP'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.

* Premium members only.

Ratio Petroleum Energy LP Days Payable Chart

Ratio Petroleum Energy LP Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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68.82

64.42

177.00

90.96

117.70

Ratio Petroleum Energy LP Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial								44.75	-	86.58	126.98	192.71

Competitive Comparison of Ratio Petroleum Energy LP's Days Payable

For the Oil & Gas E&P subindustry, Ratio Petroleum Energy LP'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.

Ratio Petroleum Energy LP's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Ratio Petroleum Energy LP's Days Payable falls into.

Ratio Petroleum Energy LP 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.

Ratio Petroleum Energy LP'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
=	( (0.194	+	0.142)	/	2 )	/	0.521	*	365
=	0.168					/	0.521	*	365
=	117.70

Ratio Petroleum Energy LP'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
=	( (0.142	+	0.141)	/	2 )	/	0.134	*	365 / 2
=	0.1415					/	0.134	*	365 / 2
=	192.71

Ratio Petroleum Energy LP Days Payable Related Terms

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Ratio Petroleum Energy LP (Ratio Petroleum Energy LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ratio Petroleum Energy LP (GREY:RTIOF) » Definitions » Days Payable

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Traded in Other Exchanges

RTPT:Israel

Address

85 Yehuda Halevy, Tel Aviv, ISR, 6579614

Website

https://www.ratiopetroleum.com

Ratio Petroleum Energy LP is engaged in the exploration, development, and production of oil and gas around the world. It holds petroleum rights in four different basins around the world in Guyana-Suriname, Ireland, and the Philippines.

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