Otto Energy (ASX:OEL) Days Payable : 103.11 (As of Dec. 2023)

View and export this data going back to 2004. Start your Free Trial

What is Otto Energy Days Payable?

Otto Energy's average Accounts Payable for the six months ended in Dec. 2023 was A$4.54 Mil. Otto Energy's Cost of Goods Sold for the six months ended in Dec. 2023 was A$8.03 Mil. Hence, Otto Energy's Days Payable for the six months ended in Dec. 2023 was 103.11.

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

ASX:OEL' s Days Payable Range Over the Past 10 Years
Min: 61.4 Med: 87.9 Max: 420.49
Current: 78.59

During the past 13 years, Otto Energy's highest Days Payable was 420.49. The lowest was 61.40. And the median was 87.90.

ASX:OEL's Days Payable is ranked better than
59.29% of 899 companies
in the Oil & Gas industry
Industry Median: 61.11 vs ASX:OEL: 78.59

Otto Energy's Days Payable increased from Dec. 2022 (86.37) to Dec. 2023 (103.11). It may suggest that Otto Energy delayed paying its suppliers.

Otto Energy Days Payable Historical Data

The historical data trend for Otto 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.

Otto Energy Days Payable Chart

Otto Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

Get a 7-Day Free Trial

113.17

81.07

61.40

87.12

111.51

Otto 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															84.06	115.28	86.37	80.26	103.11

Competitive Comparison of Otto Energy's Days Payable

For the Oil & Gas E&P subindustry, Otto 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.

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

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

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

Otto 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.

Otto Energy's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (4.46	+	6.227)	/	2 )	/	17.491	*	365
=	5.3435					/	17.491	*	365
=	111.51

Otto Energy'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (6.227	+	2.849)	/	2 )	/	8.032	*	365 / 2
=	4.538					/	8.032	*	365 / 2
=	103.11

Otto Energy Days Payable Related Terms

Thank you for viewing the detailed overview of Otto Energy's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Otto Energy (ASX:OEL) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

OTTEF:USA O1E:Germany

Address

70 Hindmarsh Square, Ground Floor, Adelaide, SA, AUS, 6005

Website

https://www.ottoenergy.com

Otto Energy Ltd is an oil and gas exploration and production company on the US Gulf Coast. Its projects include South Marsh Island 71, Lightning Field, Green Canyon 21, Eaves Field, Mosquito Bay West, and Oyster Bayou South.

Otto Energy (ASX:OEL) Headlines

No Headlines