AKRBF (Aker BP ASA) Days Payable : 33.06 (As of Sep. 2024)

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What is Aker BP ASA Days Payable?

Aker BP ASA's average Accounts Payable for the three months ended in Sep. 2024 was $290 Mil. Aker BP ASA's Cost of Goods Sold for the three months ended in Sep. 2024 was $800 Mil. Hence, Aker BP ASA's Days Payable for the three months ended in Sep. 2024 was 33.06.

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

AKRBF' s Days Payable Range Over the Past 10 Years
Min: 17.32 Med: 25.88 Max: 172.8
Current: 25.87

During the past 13 years, Aker BP ASA's highest Days Payable was 172.80. The lowest was 17.32. And the median was 25.88.

AKRBF's Days Payable is ranked worse than
80.77% of 879 companies
in the Oil & Gas industry
Industry Median: 60.34 vs AKRBF: 25.87

Aker BP ASA's Days Payable increased from Sep. 2023 (16.81) to Sep. 2024 (33.06). It may suggest that Aker BP ASA delayed paying its suppliers.

Aker BP ASA Days Payable Historical Data

The historical data trend for Aker BP 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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Aker BP ASA Days Payable Chart

Aker BP ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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29.84

26.96

24.56

18.88

22.37

Aker BP 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															16.81	21.75	27.17	21.42	33.06

Competitive Comparison of Aker BP ASA's Days Payable

For the Oil & Gas E&P subindustry, Aker BP 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.

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

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

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

Aker BP 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.

Aker BP 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
=	( (133.9	+	291)	/	2 )	/	3466.9	*	365
=	212.45					/	3466.9	*	365
=	22.37

Aker BP 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
=	( (224.3	+	355.3)	/	2 )	/	800	*	365 / 4
=	289.8					/	800	*	365 / 4
=	33.06

Aker BP ASA Days Payable Related Terms

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Aker BP ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Aker BP ASA (OTCPK:AKRBF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AKRBY:USA AKERBPo:Sweden AKRBP:Norway AKRBPo:UK 0M5J:UK ARC:Germany

Address

Oksenoyveien 10, Fornebuporten, Building B, Lysaker, NOR, 1366

Website

https://www.akerbp.com

Aker BP ASA operates oil and gas production, development, and exploration projects on the Norwegian Continental Shelf (NCS). Its projects include Alvheim field, Ivar Aasen, Skarv, Johan Sverdrup, Ula and Valhall. Revenue is derived from a short list of clients and primarily consists of liquid sales. The Alvheim field, which developed with an FPSO, contributes the most volume for the company. The group's business is entirely related to exploration for and production of petroleum on, or to the borderline of the Norwegian continental shelf.