Vantage Drilling International (Vantage Drilling International) Days Payable

: 67.00 (As of Jun. 2023)

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Vantage Drilling International's average Accounts Payable for the three months ended in Jun. 2023 was $62.7 Mil. Vantage Drilling International's Cost of Goods Sold for the three months ended in Jun. 2023 was $85.4 Mil. Hence, Vantage Drilling International's Days Payable for the three months ended in Jun. 2023 was 67.00.

The historical rank and industry rank for Vantage Drilling International's Days Payable or its related term are showing as below:

VTDRF' s Days Payable Range Over the Past 10 Years
Min: 41.37 Med: 57.98 Max: 74.33
Current: 62.55

During the past 13 years, Vantage Drilling International's highest Days Payable was 74.33. The lowest was 41.37. And the median was 57.98.

VTDRF's Days Payable is ranked better than
51.44% of 900 companies
in the Oil & Gas industry
Industry Median: 60.305 vs VTDRF: 62.55

Vantage Drilling International's Days Payable increased from Jun. 2022 (57.41) to Jun. 2023 (67.00). It may suggest that Vantage Drilling International delayed paying its suppliers.

Vantage Drilling International Days Payable Historical Data

The historical data trend for Vantage Drilling International'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.

Vantage Drilling International Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

63.51

74.33

62.75

50.17

58.29

Vantage Drilling International Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Days Payable																57.41	51.87	61.73	75.05	67.00

Competitive Comparison

For the Oil & Gas Drilling subindustry, Vantage Drilling International'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.

Vantage Drilling International Days Payable Distribution

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

* The bar in red indicates where Vantage Drilling International's Days Payable falls into.

Vantage Drilling International 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.

Vantage Drilling International'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
=	( (31.42	+	57.775)	/	2 )	/	279.26	*	365
=	44.5975					/	279.26	*	365
=	58.29

Vantage Drilling International's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (69.876	+	55.57)	/	2 )	/	85.428	*	365 / 4
=	62.723					/	85.428	*	365 / 4
=	67.00

Vantage Drilling International Days Payable Related Terms

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Vantage Drilling International (Vantage Drilling International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Vantage Drilling International (OTCPK:VTDRF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Vantage Energy Services, Inc., 777 Post Oak Boulevard, Suite 440, Houston, TX, USA, 77056

Website

https://www.vantagedrilling.com

Vantage Drilling International is an offshore drilling contractor. It operates and manages a fleet of drilling units. Its principal business is to contract drilling units, related equipment, and work crews on a day rate basis to drill oil and natural gas wells. Its rig fleet consists of ultra-deep-water drillships, including Platinum Explorer and Tungsten Explorer; and Jackups, including Topaz Driller and Soehanah. The company's geographical segments includes Drilling Services and Managed Services. It operates in Cayman Islands, Montenegro, Qatar, India, Indonesia, Lebanon, Congo, and Other Countries.

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