Avance Gas Holding (OSTO:AVANCEO) Days Payable

: 11.51 (As of Dec. 2023)

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Avance Gas Holding's average Accounts Payable for the three months ended in Dec. 2023 was kr62 Mil. Avance Gas Holding's Cost of Goods Sold for the three months ended in Dec. 2023 was kr490 Mil. Hence, Avance Gas Holding's Days Payable for the three months ended in Dec. 2023 was 11.51.

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

OSTO:AVANCEo' s Days Payable Range Over the Past 10 Years
Min: 5.22 Med: 15.17 Max: 29.76
Current: 13.12

During the past 11 years, Avance Gas Holding's highest Days Payable was 29.76. The lowest was 5.22. And the median was 15.17.

OSTO:AVANCEo's Days Payable is ranked worse than
91.34% of 901 companies
in the Oil & Gas industry
Industry Median: 60.33 vs OSTO:AVANCEo: 13.12

Avance Gas Holding's Days Payable increased from Dec. 2022 (10.60) to Dec. 2023 (11.51). It may suggest that Avance Gas Holding delayed paying its suppliers.

Avance Gas Holding Days Payable Historical Data

The historical data trend for Avance Gas Holding'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.

Avance Gas Holding Annual Data

Trend

Nov13

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

29.76

27.13

14.47

15.52

11.34

Avance Gas Holding Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																10.60	11.27	11.92	20.33	11.51

Competitive Comparison

For the Oil & Gas Midstream subindustry, Avance Gas Holding'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.

Avance Gas Holding Days Payable Distribution

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

* The bar in red indicates where Avance Gas Holding's Days Payable falls into.

Avance Gas Holding 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.

Avance Gas Holding'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
=	( (42.563	+	46.765)	/	2 )	/	1437.704	*	365
=	44.664					/	1437.704	*	365
=	11.34

Avance Gas Holding'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
=	( (76.885	+	46.765)	/	2 )	/	490.22	*	365 / 4
=	61.825					/	490.22	*	365 / 4
=	11.51

Avance Gas Holding Days Payable Related Terms

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Avance Gas Holding (OSTO:AVANCEO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Avance Gas Holding Ltd (OSTO:AVANCEo) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AVACF:USA AGAS:Norway 0QTX:UK A07:Germany

Address

14 Par-la-Ville Road, 4th floor, PO Box HM 1593, Par-la-Ville Place, Hamilton, BMU, HM 08

Website

https://www.avancegas.com

Avance Gas Holding Ltd is engaged in the transportation of liquefied petroleum gas (LPG). It owns and operates very large gas carriers (VLGCs) providing transportation services to oil majors and traders of LPG on a global basis. It operates a fleet of vessels providing customers with global transportation services through the combination of the contract of affreightments and spot market voyages. The company transports liquefied petroleum to destinations in Europe, South America, India, and Asia, mainly loading the Middle East Gulf and the United States Gulf/United States East Coast. The company operates in a single segment that is liquefied petroleum gas.

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