United Drilling Tools (BOM:522014) Days Payable : 81.61 (As of Dec. 2023)

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What is United Drilling Tools Days Payable?

United Drilling Tools's average Accounts Payable for the three months ended in Dec. 2023 was ₹199 Mil. United Drilling Tools's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹222 Mil. Hence, United Drilling Tools's Days Payable for the three months ended in Dec. 2023 was 81.61.

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

BOM:522014' s Days Payable Range Over the Past 10 Years
Min: 15.86 Med: 48.95 Max: 269.19
Current: 115.82

During the past 13 years, United Drilling Tools's highest Days Payable was 269.19. The lowest was 15.86. And the median was 48.95.

BOM:522014's Days Payable is ranked better than
71.08% of 899 companies
in the Oil & Gas industry
Industry Median: 61.06 vs BOM:522014: 115.82

United Drilling Tools's Days Payable declined from Dec. 2022 (143.11) to Dec. 2023 (81.61). It may suggest that United Drilling Tools accelerated paying its suppliers.

United Drilling Tools Days Payable Historical Data

The historical data trend for United Drilling Tools'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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United Drilling Tools Days Payable Chart

United Drilling Tools Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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106.48

29.99

32.92

48.95

United Drilling Tools 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															143.11	116.21	140.19	92.21	81.61

Competitive Comparison of United Drilling Tools's Days Payable

For the Oil & Gas Equipment & Services subindustry, United Drilling Tools'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.

United Drilling Tools's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where United Drilling Tools's Days Payable falls into.

United Drilling Tools 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.

United Drilling Tools's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (66.238	+	136.667)	/	2 )	/	756.523	*	365
=	101.4525					/	756.523	*	365
=	48.95

United Drilling Tools'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
=	( (198.579	+	0)	/	1 )	/	222.025	*	365 / 4
=	198.579					/	222.025	*	365 / 4
=	81.61

United Drilling Tools Days Payable Related Terms

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United Drilling Tools (BOM:522014) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » United Drilling Tools Ltd (BOM:522014) » Definitions » Days Payable

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Traded in Other Exchanges

UNIDT:India

Address

26th Floor, Astralis Tower, Supernova Complex, Gautam Budh Nagar, Sector-94, Noida, UP, IND, 201301

Website

https://www.udtltd.com

United Drilling Tools Ltd is a manufacturer of Oilfield Equipment. Its product profile includes Wireline Winch Units, Artificial Gas Lift Equipments, Fast Make-Up High-Performance Connectors, Down Hole Tools, and Casing Pipe with Connectors. The company operates in domestic as well as international markets.

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