Tamar Petroleum (XTAE:TMRP) Days Payable : 168.41 (As of Dec. 2023)

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What is Tamar Petroleum Days Payable?

Tamar Petroleum's average Accounts Payable for the three months ended in Dec. 2023 was ₪174 Mil. Tamar Petroleum's Cost of Goods Sold for the three months ended in Dec. 2023 was ₪94 Mil. Hence, Tamar Petroleum's Days Payable for the three months ended in Dec. 2023 was 168.41.

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

XTAE:TMRP' s Days Payable Range Over the Past 10 Years
Min: 0 Med: 0 Max: 117.64
Current: 117.64

During the past 10 years, Tamar Petroleum's highest Days Payable was 117.64. The lowest was 0.00. And the median was 0.00.

XTAE:TMRP's Days Payable is ranked better than
71.44% of 900 companies
in the Oil & Gas industry
Industry Median: 59.43 vs XTAE:TMRP: 117.64

Tamar Petroleum's Days Payable increased from Dec. 2022 (72.06) to Dec. 2023 (168.41). It may suggest that Tamar Petroleum delayed paying its suppliers.

Tamar Petroleum Days Payable Historical Data

The historical data trend for Tamar Petroleum'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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Tamar Petroleum Days Payable Chart

Tamar Petroleum Annual Data

Trend

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Dec23

Days Payable

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Tamar Petroleum 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															72.06	102.71	121.31	135.22	168.41

Competitive Comparison of Tamar Petroleum's Days Payable

For the Oil & Gas E&P subindustry, Tamar Petroleum'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.

Tamar Petroleum's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Tamar Petroleum's Days Payable falls into.

Tamar Petroleum 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.

Tamar Petroleum'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
=	( (0	+	0)	/	1 )	/	453	*	365
=	0					/	453	*	365
=	0.00

Tamar Petroleum'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
=	( (173.553	+	0)	/	1 )	/	94.036	*	365 / 4
=	173.553					/	94.036	*	365 / 4
=	168.41

Tamar Petroleum Days Payable Related Terms

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Tamar Petroleum (XTAE:TMRP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tamar Petroleum Ltd (XTAE:TMRP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

11 Galgalei Haplada Street, Herzliya Pituach, Herzeliya, ISR, 4672211

Website

https://www.tamarpetroleum.co.il

Tamar Petroleum Ltd is an Israel based company engaged in the production, and sale of natural gas. It has interest rights in the Tamar and Dalit reservoirs located in the west of Haifa. The company's only operating segment is exploration, development, production, and sale of natural gas.

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