Golar LNG (Golar LNG) Days Payable

: 27.40 (As of Dec. 2023)

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Golar LNG's average Accounts Payable for the three months ended in Dec. 2023 was $11.1 Mil. Golar LNG's Cost of Goods Sold for the three months ended in Dec. 2023 was $37.1 Mil. Hence, Golar LNG's Days Payable for the three months ended in Dec. 2023 was 27.40.

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

GLNG' s Days Payable Range Over the Past 10 Years
Min: 15.79 Med: 36.44 Max: 89.47
Current: 42.47

During the past 13 years, Golar LNG's highest Days Payable was 89.47. The lowest was 15.79. And the median was 36.44.

GLNG's Days Payable is ranked worse than
64.07% of 899 companies
in the Oil & Gas industry
Industry Median: 59.45 vs GLNG: 42.47

Golar LNG's Days Payable declined from Dec. 2022 (34.83) to Dec. 2023 (27.40). It may suggest that Golar LNG accelerated paying its suppliers.

Golar LNG Days Payable Historical Data

The historical data trend for Golar LNG'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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Golar LNG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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15.79

38.98

23.51

20.00

20.89

Golar LNG 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															34.83	65.39	63.83	37.62	27.40

Competitive Comparison

For the Oil & Gas Midstream subindustry, Golar LNG'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.

Golar LNG Days Payable Distribution

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

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

Golar LNG 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.

Golar LNG'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
=	( (8.983	+	7.454)	/	2 )	/	143.626	*	365
=	8.2185					/	143.626	*	365
=	20.89

Golar LNG'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
=	( (14.829	+	7.454)	/	2 )	/	37.107	*	365 / 4
=	11.1415					/	37.107	*	365 / 4
=	27.40

Golar LNG Days Payable Related Terms

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Golar LNG (Golar LNG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Golar LNG Ltd (NAS:GLNG) » Definitions » Days Payable

Comparable Companies

INSW KNTK HESM NS TNK DHT VNOM LPG GLP PAGP TSX:ENB EPD ET WMB OKE MPLX TSX:TRP KMI LNG TRGP

Traded in Other Exchanges

GLNG:Mexico G2O:Germany G20:Germany G2O:Germany

Address

9 Par-la-Ville Road, 2nd Floor, S.E. Pearman Building, Hamilton, BMU, HM 11

Website

https://www.golarlng.com

Golar LNG Ltd is a midstream LNG company operates in the transportation, regasification, liquefaction, and trading of LNG. The segment in which the group operates includes Shipping, FLNG (Floating Liquefaction Natural Gas vessels), Power, and Corporate and other. It generates maximum revenue from the FLNG segment.