88 Energy (ASX:88E) Days Payable : 0.00 (As of Jun. 2023)

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What is 88 Energy Days Payable?

88 Energy's average Accounts Payable for the six months ended in Jun. 2023 was A$0.99 Mil. 88 Energy's Cost of Goods Sold for the six months ended in Jun. 2023 was A$0.00 Mil.

The historical rank and industry rank for 88 Energy's Days Payable or its related term are showing as below:

ASX:88E' s Days Payable Range Over the Past 10 Years
Min: 1885.83 Med: 4352.81 Max: 39237.5
Current: 8683.47

During the past 13 years, 88 Energy's highest Days Payable was 39237.50. The lowest was 1885.83. And the median was 4352.81.

ASX:88E's Days Payable is ranked better than
98.22% of 900 companies
in the Oil & Gas industry
Industry Median: 60.89 vs ASX:88E: 8683.47

88 Energy's Days Payable declined from Jun. 2022 (19,423.66) to Jun. 2023 (0.00). It may suggest that 88 Energy accelerated paying its suppliers.

88 Energy Days Payable Historical Data

The historical data trend for 88 Energy'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.

88 Energy Days Payable Chart

88 Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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4,499.57

3,171.18

3,695.63

6,402.71

4,206.05

88 Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															17,935.34	19,423.66	17,826.13	-	-

Competitive Comparison of 88 Energy's Days Payable

For the Oil & Gas E&P subindustry, 88 Energy'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.

88 Energy's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, 88 Energy's Days Payable distribution charts can be found below:

* The bar in red indicates where 88 Energy's Days Payable falls into.

88 Energy 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.

88 Energy'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
=	( (0.994	+	0.481)	/	2 )	/	0.064	*	365
=	0.7375					/	0.064	*	365
=	4,206.05

88 Energy'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: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.994	+	0)	/	1 )	/	0	*	365 / 2
=	0.994					/	0	*	365 / 2
=	N/A

88 Energy Days Payable Related Terms

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88 Energy (ASX:88E) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » 88 Energy Ltd (ASX:88E) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

EEENF:USA 88E:UK POQ:Germany

Address

516 Hay Street, Ground Floor, Subiaco, WA, AUS, 6008

Website

https://www.88energy.com

88 Energy Ltd is an upstream oil and gas operations company based in Australia. Its business involves exploring potential oil and natural gas and processing the acquired crude reserves. The company has oil and gas assets located across the United States and Australia. The value of its interests and operatorship in Alaska by far supersedes that of its Australian projects. The company's projects include Project Icewine, Yukon Gold Acreage, and Western Blocks. The company focuses on 1H 2016, which is a high resolution wide-azimuth three dimensional (3D) seismic acquisition. It also focuses on horizontal multi-stage frac and production test or vertical conventional test in its Icewine 2 project.

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