Grand Gulf Energy (ASX:GGE) Days Payable : 567.05 (As of Jun. 2024)

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What is Grand Gulf Energy Days Payable?

Grand Gulf Energy's average Accounts Payable for the six months ended in Jun. 2024 was A$0.61 Mil. Grand Gulf Energy's Cost of Goods Sold for the six months ended in Jun. 2024 was A$0.20 Mil. Hence, Grand Gulf Energy's Days Payable for the six months ended in Jun. 2024 was 567.05.

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

ASX:GGE' s Days Payable Range Over the Past 10 Years
Min: 36.05 Med: 83.69 Max: 719.49
Current: 634.92

During the past 13 years, Grand Gulf Energy's highest Days Payable was 719.49. The lowest was 36.05. And the median was 83.69.

ASX:GGE's Days Payable is ranked better than
92.38% of 879 companies
in the Oil & Gas industry
Industry Median: 60.34 vs ASX:GGE: 634.92

Grand Gulf Energy's Days Payable declined from Jun. 2023 (765.10) to Jun. 2024 (567.05). It may suggest that Grand Gulf Energy accelerated paying its suppliers.

Grand Gulf Energy Days Payable Historical Data

The historical data trend for Grand Gulf 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.

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Grand Gulf Energy Days Payable Chart

Grand Gulf Energy Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Days Payable

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83.07

87.37

76.46

600.67

719.49

Grand Gulf Energy Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial															45.76	234.22	765.10	608.75	567.05

Competitive Comparison of Grand Gulf Energy's Days Payable

For the Oil & Gas E&P subindustry, Grand Gulf 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.

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

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

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

Grand Gulf 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.

Grand Gulf Energy's Days Payable for the fiscal year that ended in Jun. 2024 is calculated as

	Days Payable (A: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2023 )	+	Accounts Payable (A: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2024 )	*	Days in Period
=	( (1.313	+	0.603)	/	2 )	/	0.486	*	365
=	0.958					/	0.486	*	365
=	719.49

Grand Gulf Energy's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (0.615	+	0.603)	/	2 )	/	0.196	*	365 / 2
=	0.609					/	0.196	*	365 / 2
=	567.05

Grand Gulf Energy Days Payable Related Terms

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Grand Gulf Energy Business Description

Industry

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GRGUF:USA

Address

56 Kings Park Road, Suite 1G, West Perth, Perth, WA, AUS, 6005

Website

https://www.grandgulfenergy.com

Grand Gulf Energy Ltd is engaged in the exploration, evaluation, and development of oil and gas leases. Its projects include Red Helium Project. The company has one operating segment, being oil & gas production and exploration operations (including exploration for Helium).