BROGF (Brooge Energy) Days Payable: 311.30 (As of Dec. 2024)


What is Brooge Energy Days Payable?

Brooge Energy BROGF Days Payable is 311.30 as of Dec. 2024.

Brooge Energy's average Accounts Payable for the six months ended in Dec. 2024 was $28.94 Mil. Brooge Energy's Cost of Goods Sold for the six months ended in Dec. 2024 was $16.97 Mil. Hence, Brooge Energy's Days Payable for the six months ended in Dec. 2024 was 311.30.

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

BROGF's Days Payable is not ranked *
in the Oil & Gas industry.
Industry Median: 57.145
* Ranked among companies with meaningful Days Payable only.

Brooge Energy's Days Payable declined from Dec. 2023 (351.14) to Dec. 2024 (311.30). It may suggest that Brooge Energy accelerated paying its suppliers.

Brooge Energy Days Payable Historical Data

* Premium members only.

The historical data trend for Brooge 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.

Brooge Energy Days Payable Chart

Brooge Energy Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Days Payable
Get a 7-Day Free Trial 418.97 156.40 140.18 262.12 290.78

Brooge Energy Semi-Annual Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 127.93 161.39 351.14 412.21 311.30

BROGF vs CWPE, WMB, EPD: Days Payable Comparison

For the Oil & Gas Midstream subindustry, Brooge 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.

Brooge Energy Days Payable vs Oil & Gas Industry

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

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


Brooge 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.

Brooge Energy's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

Days Payable (A: Dec. 2024 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2023 ) + Accounts Payable (A: Dec. 2024 )) / count ) / Cost of Goods Sold (A: Dec. 2024 )*Days in Period
=( (24.266 + 23.47) / 2 ) / 29.96*365
=23.868 / 29.96*365
=290.78

Brooge Energy's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

Days Payable (Q: Dec. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2024 ) + Accounts Payable (Q: Dec. 2024 )) / count ) / Cost of Goods Sold (Q: Dec. 2024 )*Days in Period
=( (34.419 + 23.47) / 2 ) / 16.969*365 / 2
=28.9445 / 16.969*365 / 2
=311.30

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 311.30 mean?
Brooge Energy (BROGF) has a Days Payable of 311.30 as of Dec. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Brooge Energy and its competitors.
Is Brooge Energy's Days Payable too high?
Brooge Energy's current Days Payable is 311.30. The Oil & Gas industry median Days Payable is 57.15. Brooge Energy's value of 311.30 is 444.8% above this industry median.
How does Brooge Energy's Days Payable compare to CWPE and WMB?
Brooge Energy's Days Payable of 311.30 can be compared against companies in the Oil & Gas industry. The industry median Days Payable is 57.15. Brooge Energy's value of 311.30 is 444.8% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for an Oil & Gas company?
The median Days Payable among Oil & Gas companies is 57.15, based on 854 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Brooge Energy's current Days Payable of 311.30 is 444.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Brooge Energy and its competitors. For the Oil & Gas industry, the median Days Payable is 57.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Brooge Energy's current Days Payable is 311.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Brooge Energy stock overvalued right now?
Brooge Energy (BROGF) has a current Days Payable of 311.30. The current Days Payable is 311.30 and 444.8% above the Oil & Gas industry median of 57.15. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Brooge Energy (BROGF), the current Days Payable is 311.30 as of Dec. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Brooge Energy Business Description

Industry EnergyOil & Gas
Address c/o Brooge Petroleum and Gas Investment Company FZE, P.O. Box 50170, Fujairah, ARE
Brooge Energy Ltd is an Oil Refinery & Storage Company in the United Arab Emirates. The company generates revenue from its only one reportable segment which is oil storage and related services.