Flex LNG (Flex LNG) Days Payable : 8.58 (As of Dec. 2023)

View and export this data going back to 2013. Start your Free Trial

What is Flex LNG Days Payable?

Flex LNG's average Accounts Payable for the three months ended in Dec. 2023 was $3.5 Mil. Flex LNG's Cost of Goods Sold for the three months ended in Dec. 2023 was $37.4 Mil. Hence, Flex LNG's Days Payable for the three months ended in Dec. 2023 was 8.58.

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

FLNG' s Days Payable Range Over the Past 10 Years
Min: 0.62 Med: 6.89 Max: 94.09
Current: 9.36

During the past 13 years, Flex LNG's highest Days Payable was 94.09. The lowest was 0.62. And the median was 6.89.

FLNG's Days Payable is ranked worse than
94.55% of 899 companies
in the Oil & Gas industry
Industry Median: 59.45 vs FLNG: 9.36

Flex LNG's Days Payable declined from Dec. 2022 (9.15) to Dec. 2023 (8.58). It may suggest that Flex LNG accelerated paying its suppliers.

Flex LNG Days Payable Historical Data

The historical data trend for Flex 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.

* Premium members only.

Flex LNG Days Payable Chart

Flex LNG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

3.73

8.74

7.32

5.03

6.75

Flex 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															9.15	8.19	12.15	11.33	8.58

Competitive Comparison of Flex LNG's Days Payable

For the Oil & Gas Midstream subindustry, Flex 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.

Flex LNG's Days Payable Distribution in the Oil & Gas Industry

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

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

Flex 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.

Flex 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
=	( (1.794	+	3.508)	/	2 )	/	143.398	*	365
=	2.651					/	143.398	*	365
=	6.75

Flex 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
=	( (3.529	+	3.508)	/	2 )	/	37.4	*	365 / 4
=	3.5185					/	37.4	*	365 / 4
=	8.58

Flex LNG Days Payable Related Terms

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

Flex LNG (Flex LNG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Flex LNG Ltd (NYSE:FLNG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

FLNGo:Sweden FLNG:Norway FLNGo:UK 0RQ8:UK 0QQA:Germany

Address

14 Par-la-Ville Road, Par-la-Ville Place, Hamilton, BMU, HM08

Website

https://www.flexlng.com

Flex LNG Ltd is an LNG shipping company with a fleet of next-generation LNG carriers with large cargo capacity. The fleet consists of thirteen modern LNG ships, ten existing and three under construction for delivery. All LNG carriers are equipped with slow-speed, two-stroke engines MEGI or X-DF propulsion which will provide Charterers with state-of-the-art tonnage offering significant advantages in form of reduced fuel consumption and lowered boil-off rates.

Flex LNG (Flex LNG) Headlines

From GuruFocus

Flex LNG - Invitation to the Q4 2023 presentation

By PRNewswire • 01-23-2024

Roundhill Investments Launches LNG ETF (NYSE Arca: LNGG)

By PRNewswire • 09-22-2023

Connect Online with Major LNG and LPG Company Executives

By Marketwired Marketwired • 03-26-2020

Mondrian Investment Partners LTD Buys 3, Sells 2 in 4th Quarter

By GuruFocus Research GuruFocus Editor • 02-03-2023

Top 5 2nd Quarter Trades of Mondrian Investment Partners LTD

By GuruFocus Research GuruFocus Editor • 08-10-2022