Stabilis Solutions (Stabilis Solutions) Days Payable : 12.25 (As of Dec. 2023)

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What is Stabilis Solutions Days Payable?

Stabilis Solutions's average Accounts Payable for the three months ended in Dec. 2023 was $1.86 Mil. Stabilis Solutions's Cost of Goods Sold for the three months ended in Dec. 2023 was $13.88 Mil. Hence, Stabilis Solutions's Days Payable for the three months ended in Dec. 2023 was 12.25.

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

SLNG' s Days Payable Range Over the Past 10 Years
Min: 15.32 Med: 35.48 Max: 418.32
Current: 15.32

During the past 13 years, Stabilis Solutions's highest Days Payable was 418.32. The lowest was 15.32. And the median was 35.48.

SLNG's Days Payable is ranked worse than
90.55% of 899 companies
in the Oil & Gas industry
Industry Median: 59.45 vs SLNG: 15.32

Stabilis Solutions's Days Payable increased from Dec. 2022 (11.50) to Dec. 2023 (12.25). It may suggest that Stabilis Solutions delayed paying its suppliers.

Stabilis Solutions Days Payable Historical Data

The historical data trend for Stabilis Solutions'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.

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Stabilis Solutions Days Payable Chart

Stabilis Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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22.13

42.63

26.93

20.16

17.41

Stabilis Solutions Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															11.50	15.66	18.06	13.02	12.25

Competitive Comparison of Stabilis Solutions's Days Payable

For the Oil & Gas Integrated subindustry, Stabilis Solutions'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.

Stabilis Solutions's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Stabilis Solutions's Days Payable falls into.

Stabilis Solutions 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.

Stabilis Solutions'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
=	( (4.474	+	1.518)	/	2 )	/	62.797	*	365
=	2.996					/	62.797	*	365
=	17.41

Stabilis Solutions'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
=	( (2.208	+	1.518)	/	2 )	/	13.88	*	365 / 4
=	1.863					/	13.88	*	365 / 4
=	12.25

Stabilis Solutions Days Payable Related Terms

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Stabilis Solutions (Stabilis Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Stabilis Solutions Inc (NAS:SLNG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

11750 Katy Freeway, Suite 900, Houston, TX, USA, 77079

Website

https://www.stabilis-solutions.com

Stabilis Solutions Inc is an energy transition company that provides turnkey clean energy production, storage, transportation, and fueling solutions using liquefied natural gas (LNG) to multiple end markets. The company provides LNG solutions to customers in diverse end markets, including aerospace, agriculture, energy, industrial, marine bunkering, mining, pipeline, remote power, and utility markets. It generates revenue by selling and delivering LNG to its customers, renting cryogenic equipment, and providing engineering and field support services. It has a geographical presence in the United States and Mexico.

Executives

Edward L Kuntz	director
Ballard Westervelt T. Jr	director, officer: President and CEO	601 POYDRAS STREET, SUITE 2400, NEW ORLEANS LA 70130
Matthew Morris	director	1905 SHARP PL, HOUSTON TX 77019
Andrew Lewis Puhala	officer: Senior Vice President & CFO	10375 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Jch Crenshaw Holdings, Llc	director, 10 percent owner	470 ORLEANS ST., 7TH FLOOR, BEAUMONT TX 77701
Benjamin J. Broussard	director	1655 LOUISIANA STREET, BEAUMONT TX 77701
James Calvin Reddinger	director, officer: Chief Executive Officer	10375 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Stacey B. Crenshaw	director, 10 percent owner	10375 RICHMOND AVE., SUITE 700, HOUSTON TX 77042
James George Aivalis	officer: Chief Operating Officer	10375 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Mushahid Khan	director	10375 RICHMOND AVENUE, SUITE 700, HOUSTON TX 77042
Peter C. Mitchell	director	505 FRONT AVENUE, P.O. BOX I, COEUR D'ALENE ID 83816
Will B. Crenshaw	director	1655 LOUISIANA STREET, BEAUMONT TX 77701
Lng Investment Company, Llc	10 percent owner	1655 LOUISIANA STREET, BEAUMONT TX 77701
William Charles Miller	officer: Chief Operating Officer	102 SENECA PLACE, MARS PA 16046
Peacock James Hoke Ii	director	C/O M & I ELECTRIC INDUSTRIES, INC., 6410 LONG DRIVE, HOUSTON TX 77087