Cooper Energy (Cooper Energy) Days Payable : 123.38 (As of Dec. 2023)

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Cooper Energy Days Payable Definition

Cooper Energy's average Accounts Payable for the six months ended in Dec. 2023 was $28.3 Mil. Cooper Energy's Cost of Goods Sold for the six months ended in Dec. 2023 was $41.8 Mil. Hence, Cooper Energy's Days Payable for the six months ended in Dec. 2023 was 123.38.

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

COPJF' s Days Payable Range Over the Past 10 Years
Min: 24.21 Med: 50.64 Max: 147.66
Current: 147.66

During the past 13 years, Cooper Energy's highest Days Payable was 147.66. The lowest was 24.21. And the median was 50.64.

COPJF's Days Payable is ranked better than
77% of 900 companies
in the Oil & Gas industry
Industry Median: 59.43 vs COPJF: 147.66

Cooper Energy's Days Payable declined from Dec. 2022 (128.40) to Dec. 2023 (123.38). It may suggest that Cooper Energy accelerated paying its suppliers.

Cooper Energy Days Payable Historical Data

The historical data trend for Cooper Energy'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.

Cooper Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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84.89

67.12

42.65

30.21

24.92

Cooper Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															51.70	53.15	128.40	108.27	123.38

Competitive Comparison

For the Oil & Gas E&P subindustry, Cooper Energy'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.

Cooper Energy Days Payable Distribution

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

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

Cooper Energy 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.

Cooper Energy's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (7.383	+	4.303)	/	2 )	/	85.588	*	365
=	5.843					/	85.588	*	365
=	24.92

Cooper Energy'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (4.303	+	52.272)	/	2 )	/	41.842	*	365 / 2
=	28.2875					/	41.842	*	365 / 2
=	123.38

Cooper Energy Days Payable Related Terms

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Cooper Energy (Cooper Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cooper Energy Ltd (OTCPK:COPJF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CDP:Germany COE:Australia

Address

70 Franklin Street, Level 8, Adelaide, SA, AUS, 5000

Website

https://www.cooperenergy.com.au

Cooper Energy Ltd is an upstream gas and oil exploration and production company whose primary purpose is to secure, find, develop, produce and sell hydrocarbons. It is engaged in the discovery, commercialisation, and sale of gas to southeast Australia and low-cost Cooper Basin oil production. Its segments are Cooper Basin; South-East Australia and Other. The company derives a majority of its revenue from South East Australia. The company projects include Sole Gas and Manta Project in Southeast Australia.