Tullow Oil (Tullow Oil) Days Payable : 17.98 (As of Dec. 2023)

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What is Tullow Oil Days Payable?

Tullow Oil's average Accounts Payable for the six months ended in Dec. 2023 was $44 Mil. Tullow Oil's Cost of Goods Sold for the six months ended in Dec. 2023 was $444 Mil. Hence, Tullow Oil's Days Payable for the six months ended in Dec. 2023 was 17.98.

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

TUWOY' s Days Payable Range Over the Past 10 Years
Min: 15.02 Med: 26.63 Max: 36.99
Current: 22.18

During the past 13 years, Tullow Oil's highest Days Payable was 36.99. The lowest was 15.02. And the median was 26.63.

TUWOY's Days Payable is ranked worse than
83.89% of 900 companies
in the Oil & Gas industry
Industry Median: 59.43 vs TUWOY: 22.18

Tullow Oil's Days Payable declined from Dec. 2022 (23.81) to Dec. 2023 (17.98). It may suggest that Tullow Oil accelerated paying its suppliers.

Tullow Oil Days Payable Historical Data

The historical data trend for Tullow Oil'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.

Tullow Oil Days Payable Chart

Tullow Oil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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36.34

24.56

28.14

33.65

19.04

Tullow Oil 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															44.45	46.56	23.81	28.62	17.98

Competitive Comparison of Tullow Oil's Days Payable

For the Oil & Gas E&P subindustry, Tullow Oil'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.

Tullow Oil's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Tullow Oil's Days Payable falls into.

Tullow Oil 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.

Tullow Oil'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
=	( (68.4	+	22.3)	/	2 )	/	869.2	*	365
=	45.35					/	869.2	*	365
=	19.04

Tullow Oil'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
=	( (65.1	+	22.3)	/	2 )	/	443.6	*	365 / 2
=	43.7					/	443.6	*	365 / 2
=	17.98

Tullow Oil Days Payable Related Terms

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

Tullow Oil (Tullow Oil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tullow Oil PLC (OTCPK:TUWOY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TUWLF:USA TLW:Ghana TLWl:UK TLW:UK TQW:Germany TQW:Germany

Address

566 Chiswick High Road, Building 9 Chiswick Park, London, GBR, W4 5XT

Website

https://www.tullowoil.com

Tullow Oil PLC is an independent oil and gas exploration and production company. The company conducts exploration, appraisal, and development activities in African and Atlantic regions. The majority of revenue is derived from West African assets, with a focus in offshore fields. Assets used in oil and gas production are acquired through licenses. Tullow depends on seismic and geophysical data to assess potential oil in its fields. The Group's reportable segment are Ghana, Non-operated, Kenya and Exploration. Traditionally, the company has paid the host government several taxes as well as land rentals, training, and ongoing license costs to operate in its primary regions.

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