3R Petroleum Oleo E Gas (BSP:RRRP3) Days Payable : 84.88 (As of Mar. 2024)

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What is 3R Petroleum Oleo E Gas Days Payable?

3R Petroleum Oleo E Gas's average Accounts Payable for the three months ended in Mar. 2024 was R$1,262 Mil. 3R Petroleum Oleo E Gas's Cost of Goods Sold for the three months ended in Mar. 2024 was R$1,356 Mil. Hence, 3R Petroleum Oleo E Gas's Days Payable for the three months ended in Mar. 2024 was 84.88.

The historical rank and industry rank for 3R Petroleum Oleo E Gas's Days Payable or its related term are showing as below:

BSP:RRRP3' s Days Payable Range Over the Past 10 Years
Min: 39.89 Med: 65.59 Max: 127.16
Current: 61.41

During the past 8 years, 3R Petroleum Oleo E Gas's highest Days Payable was 127.16. The lowest was 39.89. And the median was 65.59.

BSP:RRRP3's Days Payable is ranked better than
50% of 900 companies
in the Oil & Gas industry
Industry Median: 61.27 vs BSP:RRRP3: 61.41

3R Petroleum Oleo E Gas's Days Payable increased from Mar. 2023 (62.90) to Mar. 2024 (84.88). It may suggest that 3R Petroleum Oleo E Gas delayed paying its suppliers.

3R Petroleum Oleo E Gas Days Payable Historical Data

The historical data trend for 3R Petroleum Oleo E Gas'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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3R Petroleum Oleo E Gas Days Payable Chart

3R Petroleum Oleo E Gas Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

57.73

39.89

43.44

65.59

73.81

3R Petroleum Oleo E Gas Quarterly Data
	Dec17	Dec18	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															62.90	69.52	36.32	70.38	84.88

Competitive Comparison of 3R Petroleum Oleo E Gas's Days Payable

For the Oil & Gas E&P subindustry, 3R Petroleum Oleo E Gas'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.

3R Petroleum Oleo E Gas's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, 3R Petroleum Oleo E Gas's Days Payable distribution charts can be found below:

* The bar in red indicates where 3R Petroleum Oleo E Gas's Days Payable falls into.

3R Petroleum Oleo E Gas 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.

3R Petroleum Oleo E Gas'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
=	( (246.668	+	1315.214)	/	2 )	/	3862.029	*	365
=	780.941					/	3862.029	*	365
=	73.81

3R Petroleum Oleo E Gas'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
=	( (1315.214	+	1208.489)	/	2 )	/	1356.479	*	365 / 4
=	1261.8515					/	1356.479	*	365 / 4
=	84.88

3R Petroleum Oleo E Gas Days Payable Related Terms

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3R Petroleum Oleo E Gas (BSP:RRRP3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » 3R Petroleum Oleo E Gas SA (BSP:RRRP3) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rua Visconde de Ouro Preto, number 5, Sala 601, Botafogo, Rio de Janeiro, RJ, BRA

Website

https://ri.3rpetroleum.com.br

3R Petroleum Oleo E Gas SA is engaged in the oil and gas sector with a focus on redevelopment of mature production fields located on land. Its purpose is to explore, produce, and sell oil and its derivatives, natural gas, and other fluid hydrocarbons.

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