Archer (Archer) Days Payable : 466.31 (As of Dec. 2023)

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What is Archer Days Payable?

Archer's average Accounts Payable for the three months ended in Dec. 2023 was $70 Mil. Archer's Cost of Goods Sold for the three months ended in Dec. 2023 was $14 Mil. Hence, Archer's Days Payable for the three months ended in Dec. 2023 was 466.31.

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

ARHVF' s Days Payable Range Over the Past 10 Years
Min: 260.69 Med: 319.12 Max: 584.24
Current: 445.01

During the past 13 years, Archer's highest Days Payable was 584.24. The lowest was 260.69. And the median was 319.12.

ARHVF's Days Payable is ranked better than
89.88% of 899 companies
in the Oil & Gas industry
Industry Median: 61.06 vs ARHVF: 445.01

Archer's Days Payable increased from Dec. 2022 (365.77) to Dec. 2023 (466.31). It may suggest that Archer delayed paying its suppliers.

Archer Days Payable Historical Data

The historical data trend for Archer'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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Archer Days Payable Chart

Archer Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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328.43

302.65

264.25

334.40

449.65

Archer Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															365.77	444.42	463.53	427.19	466.31

Competitive Comparison of Archer's Days Payable

For the Oil & Gas Drilling subindustry, Archer'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.

Archer's Days Payable Distribution in the Oil & Gas Industry

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

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

Archer 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.

Archer'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
=	( (47.2	+	75.5)	/	2 )	/	49.8	*	365
=	61.35					/	49.8	*	365
=	449.65

Archer'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
=	( (63.5	+	75.5)	/	2 )	/	13.6	*	365 / 4
=	69.5					/	13.6	*	365 / 4
=	466.31

Archer Days Payable Related Terms

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Archer (Archer) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

ARCHERo:Sweden ARCH:Norway

Address

Sandnesveien 358, Sandnes, NOR, 4312

Website

https://www.archerwell.com

Archer Ltd is an international oilfield service company providing various oilfield products and services through its area organizations. Its services include platform drilling, land drilling, directional drilling, underbalanced drilling, modular rigs, engineering services, equipment rentals, wireline services, pressure control, pressure pumping, production monitoring, well imaging and integrity management tools. The reporting segments of the company are Platform Operations, Well Services and Land Drilling. Majority of revenue is derived from Platform Operations segment. Platform Operations segment includes Platform Drilling, Modular rig, and Engineering services.