Frontline (Frontline) Days Payable

: 23.53 (As of Sep. 2023)

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Frontline's average Accounts Payable for the three months ended in Sep. 2023 was $64 Mil. Frontline's Cost of Goods Sold for the three months ended in Sep. 2023 was $247 Mil. Hence, Frontline's Days Payable for the three months ended in Sep. 2023 was 23.53.

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

FRO' s Days Payable Range Over the Past 10 Years
Min: 1.99 Med: 6.21 Max: 16.16
Current: 16.02

During the past 13 years, Frontline's highest Days Payable was 16.16. The lowest was 1.99. And the median was 6.21.

FRO's Days Payable is ranked worse than
89.56% of 900 companies
in the Oil & Gas industry
Industry Median: 60.305 vs FRO: 16.02

Frontline's Days Payable increased from Sep. 2022 (0.00) to Sep. 2023 (23.53). It may suggest that Frontline delayed paying its suppliers.

Frontline Days Payable Historical Data

The historical data trend for Frontline'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.

Frontline Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

9.52

9.48

5.57

2.57

1.99

Frontline Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable																-	2.73	2.83	22.47	23.53

Competitive Comparison

For the Oil & Gas Midstream subindustry, Frontline'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.

Frontline Days Payable Distribution

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

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

Frontline 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.

Frontline's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (2.327	+	7.994)	/	2 )	/	945.878	*	365
=	5.1605					/	945.878	*	365
=	1.99

Frontline's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (63.404	+	64.208)	/	2 )	/	247.435	*	365 / 4
=	63.806					/	247.435	*	365 / 4
=	23.53

Frontline Days Payable Related Terms

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Frontline (Frontline) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Frontline Plc (NYSE:FRO) » Definitions » Days Payable

Comparable Companies

ETRN DTM ENLC STNG AM PAGP VNOM NS HESM INSW TSX:ENB EPD ET WMB OKE MPLX TSX:TRP KMI LNG TRGP

Traded in Other Exchanges

FROo:Sweden FRO:Norway FRO1:Mexico FROo:UK 0REH:UK HF6:Germany

Address

8, John Kennedy Street, 7th floor, Iris House, Office 740B, Limassol, CYP, 3106

Website

https://www.frontlineplc.cy

Frontline Plc is an international shipping company engaged in the seaborne transportation of crude oil and oil products. Group operates through the tankers segment. The tankers segment includes crude oil tankers and product tankers. Its geographical area of operation includes Arabian Gulf, West African, the North Sea, and the Caribbean. Frontline earns revenue through voyage charters, time charters, and a finance lease. It is also involved in the charter, purchase, and sale of vessels.