Straits Energy Resources Bhd (XKLS:0080) Days Payable : 1,879.26 (As of Mar. 2024)

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What is Straits Energy Resources Bhd Days Payable?

Straits Energy Resources Bhd's average Accounts Payable for the three months ended in Mar. 2024 was RM137 Mil. Straits Energy Resources Bhd's Cost of Goods Sold for the three months ended in Mar. 2024 was RM7 Mil. Hence, Straits Energy Resources Bhd's Days Payable for the three months ended in Mar. 2024 was 1,879.26.

The historical rank and industry rank for Straits Energy Resources Bhd's Days Payable or its related term are showing as below:

XKLS:0080' s Days Payable Range Over the Past 10 Years
Min: 0.53 Med: 18.88 Max: 185.83
Current: 12.09

During the past 13 years, Straits Energy Resources Bhd's highest Days Payable was 185.83. The lowest was 0.53. And the median was 18.88.

XKLS:0080's Days Payable is ranked worse than
91.71% of 929 companies
in the Transportation industry
Industry Median: 38.76 vs XKLS:0080: 12.09

Straits Energy Resources Bhd's Days Payable increased from Mar. 2023 (1,344.39) to Mar. 2024 (1,879.26). It may suggest that Straits Energy Resources Bhd delayed paying its suppliers.

Straits Energy Resources Bhd Days Payable Historical Data

The historical data trend for Straits Energy Resources Bhd'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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Straits Energy Resources Bhd Days Payable Chart

Straits Energy Resources Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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25.72

30.65

18.43

11.07

17.23

Straits Energy Resources Bhd 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															1,344.39	797.62	924.03	4.05	1,879.26

Competitive Comparison of Straits Energy Resources Bhd's Days Payable

For the Integrated Freight & Logistics subindustry, Straits Energy Resources Bhd'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.

Straits Energy Resources Bhd's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Straits Energy Resources Bhd's Days Payable distribution charts can be found below:

* The bar in red indicates where Straits Energy Resources Bhd's Days Payable falls into.

Straits Energy Resources Bhd 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.

Straits Energy Resources Bhd'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
=	( (93.351	+	176.279)	/	2 )	/	2855.678	*	365
=	134.815					/	2855.678	*	365
=	17.23

Straits Energy Resources Bhd'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
=	( (176.279	+	98.371)	/	2 )	/	6.668	*	365 / 4
=	137.325					/	6.668	*	365 / 4
=	1,879.26

Straits Energy Resources Bhd Days Payable Related Terms

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Straits Energy Resources Bhd (XKLS:0080) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Straits Energy Resources Bhd (XKLS:0080) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2, Jalan Kiara, Mont Kiara, B-07-06, Plaza Mont Kiara, Kuala Lumpur, SGR, MYS, 50480

Website

https://www.straits-energyresources.com

Straits Energy Resources Bhd is a Malaysia-based investment holding company engaged in oil trading and bunkering. Along with its subsidiaries, the entity is involved in the segments of Investment holding; Oil trading and bunkering services; Ship management services; Chartering services, Inland transportation services; Port operation and facility management services; and Others. It derives prime revenue from the Oil trading, bunkering services, and freshwater service segment which involves the international supply of petroleum products and the provision of marine bunkering and related services to vessels. Its geographic operations are located in Malaysia and Singapore.

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