CVO Petrochemical Refinery (DHA:CVOPRL) Days Payable

: 134.33 (As of Dec. 2023)

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CVO Petrochemical Refinery's average Accounts Payable for the three months ended in Dec. 2023 was BDT188.9 Mil. CVO Petrochemical Refinery's Cost of Goods Sold for the three months ended in Dec. 2023 was BDT128.3 Mil. Hence, CVO Petrochemical Refinery's Days Payable for the three months ended in Dec. 2023 was 134.33.

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

DHA:CVOPRL' s Days Payable Range Over the Past 10 Years
Min: 0.4 Med: 5.82 Max: 159.39
Current: 159.39

During the past 11 years, CVO Petrochemical Refinery's highest Days Payable was 159.39. The lowest was 0.40. And the median was 5.82.

DHA:CVOPRL's Days Payable is ranked better than
78.53% of 899 companies
in the Oil & Gas industry
Industry Median: 59.45 vs DHA:CVOPRL: 159.39

CVO Petrochemical Refinery's Days Payable increased from Dec. 2022 (104.57) to Dec. 2023 (134.33). It may suggest that CVO Petrochemical Refinery delayed paying its suppliers.

CVO Petrochemical Refinery Days Payable Historical Data

The historical data trend for CVO Petrochemical Refinery'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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CVO Petrochemical Refinery Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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2.41

4.30

41.69

38.25

110.55

CVO Petrochemical Refinery 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															104.57	131.23	258.55	214.86	134.33

Competitive Comparison

For the Oil & Gas Refining & Marketing subindustry, CVO Petrochemical Refinery'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.

CVO Petrochemical Refinery Days Payable Distribution

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

* The bar in red indicates where CVO Petrochemical Refinery's Days Payable falls into.

CVO Petrochemical Refinery 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.

CVO Petrochemical Refinery's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (1.389	+	199.592)	/	2 )	/	331.774	*	365
=	100.4905					/	331.774	*	365
=	110.55

CVO Petrochemical Refinery'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
=	( (255.761	+	121.972)	/	2 )	/	128.295	*	365 / 4
=	188.8665					/	128.295	*	365 / 4
=	134.33

CVO Petrochemical Refinery Days Payable Related Terms

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CVO Petrochemical Refinery (DHA:CVOPRL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CVO Petrochemical Refinery Ltd (DHA:CVOPRL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

37, Katalgonj, Panchlaish, Chattogram, BGD, 4203

Website

http://www.cvopetro.com

CVO Petrochemical Refinery Ltd is a petrochemical company. It is engaged in the production and sale of Hydrocarbon Solvent with the use of new raw material Naphtha and also supplies fuels like Motor Spirit (MS), Mineral Turpentine (MTT), HSD (High-Speed Diesel) which it produces from Natural Gas Condensate.

CVO Petrochemical Refinery (DHA:CVOPRL) Headlines

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