Karoon Energy (Karoon Energy) Days Payable : 134.21 (As of Dec. 2023)

View and export this data going back to 2010. Start your Free Trial

What is Karoon Energy Days Payable?

Karoon Energy's average Accounts Payable for the six months ended in Dec. 2023 was $51.7 Mil. Karoon Energy's Cost of Goods Sold for the six months ended in Dec. 2023 was $70.3 Mil. Hence, Karoon Energy's Days Payable for the six months ended in Dec. 2023 was 134.21.

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

KRNGY' s Days Payable Range Over the Past 10 Years
Min: 195.87 Med: 318.54 Max: 339.27
Current: 195.87

During the past 13 years, Karoon Energy's highest Days Payable was 339.27. The lowest was 195.87. And the median was 318.54.

KRNGY's Days Payable is ranked better than
82.42% of 899 companies
in the Oil & Gas industry
Industry Median: 59.45 vs KRNGY: 195.87

Karoon Energy's Days Payable declined from Dec. 2022 (329.50) to Dec. 2023 (134.21). It may suggest that Karoon Energy accelerated paying its suppliers.

Karoon Energy Days Payable Historical Data

The historical data trend for Karoon Energy'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.

Karoon Energy Days Payable Chart

Karoon Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

Get a 7-Day Free Trial

325.86

327.33

269.85

Karoon Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															177.28	-	329.50	289.45	134.21

Competitive Comparison of Karoon Energy's Days Payable

For the Oil & Gas E&P subindustry, Karoon Energy'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.

Karoon Energy's Days Payable Distribution in the Oil & Gas Industry

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

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

Karoon Energy 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.

Karoon Energy'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
=	( (60.879	+	47.8)	/	2 )	/	73.5	*	365
=	54.3395					/	73.5	*	365
=	269.85

Karoon Energy'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (47.8	+	55.6)	/	2 )	/	70.3	*	365 / 2
=	51.7					/	70.3	*	365 / 2
=	134.21

Karoon Energy Days Payable Related Terms

Thank you for viewing the detailed overview of Karoon Energy's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Karoon Energy (Karoon Energy) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

KRNGF:USA LBL:Germany KAR:Australia

Address

6 Riverside Quay, Level 3, Suite 3.02, Southbank, Melbourne, VIC, AUS, 3006

Website

https://www.karoonenergy.com.au

Karoon produces around 8 million barrels of oil annually from its wholly owned Bauna field in Brazil's offshore Santos basin. The company acquired Bauna from Petrobras in 2020 and has been steadily increasing production via well interventions and new developments. Field life is approaching eight years based on proven and probable 2P reserves of 55 million barrels at end December 2022, though this excludes a further 82 million barrels in 2C contingent resources which which have potential to increase life further. We credit life of approximately 10 years, assuming partial conversion of 2C contingent resources into reserve category with drilling. There are also prospective untested targets within Karoon's permits which could potentially add further reserves in the medium term.

Karoon Energy (Karoon Energy) Headlines

From GuruFocus

Karoon Energy Ltd Annual Shareholders Meeting Transcript

By GuruFocus Research • 02-14-2024

Half Year 2023 Karoon Energy Ltd Earnings Call Transcript

By GuruFocus Research • 02-14-2024

Full Year 2023 Karoon Energy Ltd Earnings Presentation Transcript

By GuruFocus Research • 02-14-2024