SNGN Romgaz (SNGN Romgaz) Days Payable : 61.42 (As of Sep. 2023)

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What is SNGN Romgaz Days Payable?

SNGN Romgaz's average Accounts Payable for the three months ended in Sep. 2023 was $34 Mil. SNGN Romgaz's Cost of Goods Sold for the three months ended in Sep. 2023 was $50 Mil. Hence, SNGN Romgaz's Days Payable for the three months ended in Sep. 2023 was 61.42.

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

SLTQY' s Days Payable Range Over the Past 10 Years
Min: 6.18 Med: 14.94 Max: 162.77
Current: 38.57

During the past 13 years, SNGN Romgaz's highest Days Payable was 162.77. The lowest was 6.18. And the median was 14.94.

SLTQY's Days Payable is ranked worse than
67.74% of 899 companies
in the Oil & Gas industry
Industry Median: 61.11 vs SLTQY: 38.57

SNGN Romgaz's Days Payable increased from Sep. 2022 (31.53) to Sep. 2023 (61.42). It may suggest that SNGN Romgaz delayed paying its suppliers.

SNGN Romgaz Days Payable Historical Data

The historical data trend for SNGN Romgaz'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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SNGN Romgaz Days Payable Chart

SNGN Romgaz Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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10.61

7.61

8.38

6.18

9.45

SNGN Romgaz Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															31.53	19.02	25.83	56.16	61.42

Competitive Comparison of SNGN Romgaz's Days Payable

For the Oil & Gas E&P subindustry, SNGN Romgaz'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.

SNGN Romgaz's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where SNGN Romgaz's Days Payable falls into.

SNGN Romgaz 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.

SNGN Romgaz'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
=	( (4.188	+	8.459)	/	2 )	/	244.353	*	365
=	6.3235					/	244.353	*	365
=	9.45

SNGN Romgaz's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (36.447	+	30.79)	/	2 )	/	49.944	*	365 / 4
=	33.6185					/	49.944	*	365 / 4
=	61.42

SNGN Romgaz Days Payable Related Terms

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SNGN Romgaz (SNGN Romgaz) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » SNGN Romgaz SA (OTCPK:SLTQY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SNG:Romania SNGR:UK RZ8G:Germany

Address

4 Constantin I. Motas Square, Sibiu County, Medias, ROU, 551130

Website

https://www.romgaz.ro

SNGN Romgaz SA acts as a natural gas producer and the main supplier in Romania. It holds interests in nearly 8 onshore exploration blocks located across Transylvania, Moldova, Oltenia, and Muntenia basins. The company operates through seven segments: Natural gas exploration & production, UGS activity, Natural gas supply, Special operations & services, Maintenance & transportation services, Electricity generation & supply, and Natural gas supply.