ADX Energy (ADX Energy) Days Payable : 172.73 (As of Dec. 2023)

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What is ADX Energy Days Payable?

ADX Energy's average Accounts Payable for the six months ended in Dec. 2023 was $2.70 Mil. ADX Energy's Cost of Goods Sold for the six months ended in Dec. 2023 was $2.85 Mil. Hence, ADX Energy's Days Payable for the six months ended in Dec. 2023 was 172.73.

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

ADXRF' s Days Payable Range Over the Past 10 Years
Min: 128.75 Med: 169.47 Max: 699.08
Current: 131.89

During the past 13 years, ADX Energy's highest Days Payable was 699.08. The lowest was 128.75. And the median was 169.47.

ADXRF's Days Payable is ranked better than
73.86% of 899 companies
in the Oil & Gas industry
Industry Median: 59.45 vs ADXRF: 131.89

ADX Energy's Days Payable increased from Dec. 2022 (73.49) to Dec. 2023 (172.73). It may suggest that ADX Energy delayed paying its suppliers.

ADX Energy Days Payable Historical Data

The historical data trend for ADX Energy'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.

ADX Energy Days Payable Chart

ADX Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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704.55

122.48

199.08

176.31

142.19

ADX Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															179.02	184.54	73.49	90.61	172.73

Competitive Comparison of ADX Energy's Days Payable

For the Oil & Gas E&P subindustry, ADX Energy'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.

ADX Energy's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where ADX Energy's Days Payable falls into.

ADX Energy 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.

ADX Energy'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
=	( (1.576	+	3.422)	/	2 )	/	6.415	*	365
=	2.499					/	6.415	*	365
=	142.19

ADX Energy'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.973	+	3.422)	/	2 )	/	2.85	*	365 / 2
=	2.6975					/	2.85	*	365 / 2
=	172.73

ADX Energy Days Payable Related Terms

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ADX Energy (ADX Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ADX Energy Ltd (OTCPK:ADXRF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GHU:Germany ADX:Australia

Address

29 Bay Road, Claremont, WA, AUS, 6008

Website

https://www.adxenergy.com.au

ADX Energy Ltd is engaged in oil and gas exploration. The reportable operating segments of the company are Sicily Channel Offshore Exploration and Evaluation Segment; Romania Exploration and Appraisal/Development Segment; and Austria Production Segment. The company generates key revenue from Austria Production Segment which includes assets and activities that are associated with oil and gas production in that region.

ADX Energy (ADX Energy) Headlines

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