Northern Oil & Gas's average Accounts Payable for the
three
months ended in Jun. 2022 was $122 Mil. Northern Oil & Gas's Cost of Goods Sold for the
three
months ended in Jun. 2022 was $163 Mil.
Hence, Northern Oil & Gas's Days Payable for the
three
months ended in Jun. 2022 was 67.92.
The historical rank and industry rank for Northern Oil & Gas's Days Payable or its related term are showing as below:
NOG'
s Days Payable Range Over the Past 10 Years
Min: 47.56 Med: 195.46 Max: 268.46
Current: 59.12
During the past 13 years, Northern Oil & Gas's highest Days Payable was 268.46. The lowest was 47.56. And the median was 195.46.
NOG's Days Payable is ranked better than 51.16% of 907
companies
in the Oil & Gas industry
Industry Median: 56.63
vs NOG: 59.12
Northern Oil & Gas's Days Payable
increased
from Jun. 2021 (44.56) to Jun. 2022 (67.92).
It may suggest that Northern Oil & Gas delayed paying its suppliers.
Northern Oil & Gas Days Payable Historical Data
The historical data trend for Northern Oil & Gas'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.
Northern Oil & Gas Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Days Payable
209.86
116.69
58.69
62.28
47.56
Northern Oil & Gas Quarterly Data
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Days Payable
44.56
53.02
50.61
53.58
67.92
Competitive Comparison
For the Oil & Gas E&P subindustry, Northern Oil & Gas'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.
Northern Oil & Gas Days Payable Distribution
For the Oil & Gas industry and Energy sector, Northern Oil & Gas's Days Payable distribution charts can be found below:
* The bar in red indicates where Northern Oil & Gas's Days Payable falls into.
Northern Oil & Gas 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.
Northern Oil & Gas's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as
* 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.
Northern Oil & Gas Days Payable Related Terms
Thank you for viewing the detailed overview of Northern Oil & Gas's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.
Northern Oil & Gas Inc is an independent energy company engaged in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties. Its principal business is crude oil and natural gas exploration, development, and production with operations in North Dakota and Montana that primarily target the Bakken and Three Forks formations in the Williston Basin of the United States.
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