APA (LTS:0HGC) Days Payable : 60.44 (As of Dec. 2023)

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What is APA Days Payable?

APA's average Accounts Payable for the three months ended in Dec. 2023 was $700 Mil. APA's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,056 Mil. Hence, APA's Days Payable for the three months ended in Dec. 2023 was 60.44.

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

LTS:0HGC' s Days Payable Range Over the Past 10 Years
Min: 48.24 Med: 57.43 Max: 73.29
Current: 62.77

During the past 13 years, APA's highest Days Payable was 73.29. The lowest was 48.24. And the median was 57.43.

LTS:0HGC's Days Payable is ranked better than
51.78% of 900 companies
in the Oil & Gas industry
Industry Median: 59.43 vs LTS:0HGC: 62.77

APA's Days Payable declined from Dec. 2022 (68.56) to Dec. 2023 (60.44). It may suggest that APA accelerated paying its suppliers.

APA Days Payable Historical Data

The historical data trend for APA'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.

APA Days Payable Chart

APA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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56.01

58.89

48.24

56.87

64.36

APA 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															68.56	68.85	63.98	57.32	60.44

Competitive Comparison of APA's Days Payable

For the Oil & Gas E&P subindustry, APA'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.

APA's Days Payable Distribution in the Oil & Gas Industry

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

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

APA 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.

APA'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
=	( (771	+	658)	/	2 )	/	4052	*	365
=	714.5					/	4052	*	365
=	64.36

APA'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
=	( (741	+	658)	/	2 )	/	1056	*	365 / 4
=	699.5					/	1056	*	365 / 4
=	60.44

APA Days Payable Related Terms

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APA (LTS:0HGC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » APA Corp (LTS:0HGC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

APA:USA AP A:Mexico 2S3:Germany A1PA34:Brazil

Address

2000 Post Oak Boulevard, Suite 100, One Post Oak Central, Houston, TX, USA, 77056-4400

Website

https://www.apacorp.com

Based in Houston, APA is an independent exploration and production company. It operates primarily in the U.S., Egypt, the North Sea, and Suriname. At year-end 2022, proved reserves totaled 890 million barrels of oil equivalent, with net reported production of 400 thousand boe/day that year (64% of which was oil and natural gas liquids, with the remainder natural gas).

APA (LTS:0HGC) Headlines

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