AKKVF (Akastor ASA) Days Payable : 0.00 (As of Sep. 2024)

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What is Akastor ASA Days Payable?

Akastor ASA's average Accounts Payable for the three months ended in Sep. 2024 was $0.00 Mil. Akastor ASA's Cost of Goods Sold for the three months ended in Sep. 2024 was $1.51 Mil. Hence, Akastor ASA's Days Payable for the three months ended in Sep. 2024 was 0.00.

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

AKKVF' s Days Payable Range Over the Past 10 Years
Min: 30.87 Med: 79.2 Max: 352.27
Current: 30.87

During the past 13 years, Akastor ASA's highest Days Payable was 352.27. The lowest was 30.87. And the median was 79.20.

AKKVF's Days Payable is ranked worse than
74.74% of 879 companies
in the Oil & Gas industry
Industry Median: 60.34 vs AKKVF: 30.87

Akastor ASA's Days Payable stayed the same from Sep. 2023 (0.00) to Sep. 2024 (0.00). stayed the same

Akastor ASA Days Payable Historical Data

The historical data trend for Akastor 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.

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Akastor ASA Days Payable Chart

Akastor ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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44.59

264.35

200.75

373.30

84.59

Akastor ASA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															-	9.12	260.18	-	-

Competitive Comparison of Akastor ASA's Days Payable

For the Oil & Gas Equipment & Services subindustry, Akastor 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.

Akastor ASA's Days Payable Distribution in the Oil & Gas Industry

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

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

Akastor 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.

Akastor ASA'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
=	( (6.781	+	1.611)	/	2 )	/	18.105	*	365
=	4.196					/	18.105	*	365
=	84.59

Akastor ASA's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	1.506	*	365 / 4
=	0					/	1.506	*	365 / 4
=	0.00

Akastor ASA Days Payable Related Terms

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Akastor ASA Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

AKAO:Sweden AKAST:Norway 0IPT:UK KY7:Germany

Address

Oksenoyveien 10, Building B, Lysaker, NOR, 1366

Website

https://www.akastor.com

Akastor ASA is an oil-services investment company with a portfolio of industrial holdings, real estate, and other investments. Its portfolio includes drilling systems and lifecycle services supplier MHWirth, and vessel-based subsea well construction services. The company has a flexible mandate for active ownership and long-term value creation. Geographically the business presence of the group is seen across the region of Norway, Singapore, North America, South America, Australia, the Middle East, and other regions.