PGS ASA (PGS ASA) Days Payable

: 34.96 (As of Sep. 2023)

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PGS ASA's average Accounts Payable for the three months ended in Sep. 2023 was $51.8 Mil. PGS ASA's Cost of Goods Sold for the three months ended in Sep. 2023 was $135.2 Mil. Hence, PGS ASA's Days Payable for the three months ended in Sep. 2023 was 34.96.

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

PGEJF' s Days Payable Range Over the Past 10 Years
Min: 19.51 Med: 23.07 Max: 34.94
Current: 32.4

During the past 13 years, PGS ASA's highest Days Payable was 34.94. The lowest was 19.51. And the median was 23.07.

PGEJF's Days Payable is ranked worse than
73.53% of 899 companies
in the Oil & Gas industry
Industry Median: 59.45 vs PGEJF: 32.40

PGS ASA's Days Payable increased from Sep. 2022 (26.52) to Sep. 2023 (34.96). It may suggest that PGS ASA delayed paying its suppliers.

PGS ASA Days Payable Historical Data

The historical data trend for PGS ASA'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.

PGS ASA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

35.64

27.68

31.55

19.75

24.62

PGS ASA Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable																26.52	22.59	34.37	44.55	34.96

Competitive Comparison

For the Oil & Gas Equipment & Services subindustry, PGS ASA'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.

PGS ASA Days Payable Distribution

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

* The bar in red indicates where PGS ASA's Days Payable falls into.

PGS ASA 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.

PGS ASA's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (45.3	+	45.6)	/	2 )	/	673.7	*	365
=	45.45					/	673.7	*	365
=	24.62

PGS ASA's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (51.5	+	52.1)	/	2 )	/	135.2	*	365 / 4
=	51.8					/	135.2	*	365 / 4
=	34.96

PGS ASA Days Payable Related Terms

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PGS ASA (PGS ASA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PGS ASA (OTCPK:PGEJF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PGSo:Sweden PGS:Norway PGSo:UK 0MHR:UK PGS1:Germany

Address

Lilleakerveien 4C, Oslo, NOR, 0283

Website

https://www.pgs.com

PGS ASA provides images and 3D models of the subsurface beneath the ocean floor. Oil-market participants use PGS services to find oil and gas reserves. The company's complete line of products includes seismic, electromagnetic, and reservoir services, including acquisition, imaging, interpretation, and field evaluation. The majority of revenue is derived from the multiclient segment where it initiates and manages seismic surveys, which PGS acquires, processes, markets, and sells to multiple customers on a nonexclusive basis. Products and services are offered in offshore markets around the world. Geographically, the majority is derived from Norway.

PGS ASA (PGS ASA) Headlines

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