ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) Days Payable : 134.26 (As of Dec. 2023)

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What is ADNOC Drilling Company PJSC Days Payable?

ADNOC Drilling Company PJSC's average Accounts Payable for the three months ended in Dec. 2023 was د.إ2,462 Mil. ADNOC Drilling Company PJSC's Cost of Goods Sold for the three months ended in Dec. 2023 was د.إ1,674 Mil. Hence, ADNOC Drilling Company PJSC's Days Payable for the three months ended in Dec. 2023 was 134.26.

The historical rank and industry rank for ADNOC Drilling Company PJSC's Days Payable or its related term are showing as below:

ADX:ADNOCDRILL' s Days Payable Range Over the Past 10 Years
Min: 14.32 Med: 21.84 Max: 123.7
Current: 105.22

During the past 6 years, ADNOC Drilling Company PJSC's highest Days Payable was 123.70. The lowest was 14.32. And the median was 21.84.

ADX:ADNOCDRILL's Days Payable is ranked better than
68% of 900 companies
in the Oil & Gas industry
Industry Median: 59.43 vs ADX:ADNOCDRILL: 105.22

ADNOC Drilling Company PJSC's Days Payable increased from Dec. 2022 (73.27) to Dec. 2023 (134.26). It may suggest that ADNOC Drilling Company PJSC delayed paying its suppliers.

ADNOC Drilling Company PJSC Days Payable Historical Data

The historical data trend for ADNOC Drilling Company PJSC'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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ADNOC Drilling Company PJSC Days Payable Chart

ADNOC Drilling Company PJSC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

14.32

15.97

25.02

55.28

123.70

ADNOC Drilling Company PJSC Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial											73.27	86.53	89.23	86.42	134.26

Competitive Comparison of ADNOC Drilling Company PJSC's Days Payable

For the Oil & Gas Drilling subindustry, ADNOC Drilling Company PJSC'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.

ADNOC Drilling Company PJSC's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, ADNOC Drilling Company PJSC's Days Payable distribution charts can be found below:

* The bar in red indicates where ADNOC Drilling Company PJSC's Days Payable falls into.

ADNOC Drilling Company PJSC 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.

ADNOC Drilling Company PJSC'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
=	( (1484.906	+	3117.683)	/	2 )	/	6790.199	*	365
=	2301.2945					/	6790.199	*	365
=	123.70

ADNOC Drilling Company PJSC's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1807.306	+	3117.683)	/	2 )	/	1673.671	*	365 / 4
=	2462.4945					/	1673.671	*	365 / 4
=	134.26

ADNOC Drilling Company PJSC Days Payable Related Terms

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ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O Box 4017, Abu Dhabi, ARE

Website

https://www.adnoc.ae

ADNOC Drilling Company PJSC is engaged in providing drilling services and supporting marine equipment, and the hiring out of onshore and offshore drilling rigs on behalf of related parties involved in onshore and offshore oil and gas exploration. The operating business segments are Onshore, Offshore Jack-up, Offshore Island, and OilField Service, with maximum revenue from Onshore segment.

ADNOC Drilling Company PJSC (ADX:ADNOCDRILL) Headlines

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