Transportadora de Gas del Norte (BUE:TGNO2) Days Payable : 7.40 (As of Dec. 2023)

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What is Transportadora de Gas del Norte Days Payable?

Transportadora de Gas del Norte's average Accounts Payable for the three months ended in Dec. 2023 was ARS4,577 Mil. Transportadora de Gas del Norte's Cost of Goods Sold for the three months ended in Dec. 2023 was ARS56,434 Mil. Hence, Transportadora de Gas del Norte's Days Payable for the three months ended in Dec. 2023 was 7.40.

The historical rank and industry rank for Transportadora de Gas del Norte's Days Payable or its related term are showing as below:

BUE:TGNO2' s Days Payable Range Over the Past 10 Years
Min: 2.55 Med: 21.13 Max: 100.59
Current: 11.6

During the past 13 years, Transportadora de Gas del Norte's highest Days Payable was 100.59. The lowest was 2.55. And the median was 21.13.

BUE:TGNO2's Days Payable is ranked worse than
92.45% of 901 companies
in the Oil & Gas industry
Industry Median: 59.19 vs BUE:TGNO2: 11.60

Transportadora de Gas del Norte's Days Payable increased from Dec. 2022 (2.43) to Dec. 2023 (7.40). It may suggest that Transportadora de Gas del Norte delayed paying its suppliers.

Transportadora de Gas del Norte Days Payable Historical Data

The historical data trend for Transportadora de Gas del Norte'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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Transportadora de Gas del Norte Days Payable Chart

Transportadora de Gas del Norte Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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31.78

19.53

3.51

2.55

11.32

Transportadora de Gas del Norte Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															2.43	20.63	16.17	17.64	7.40

Competitive Comparison of Transportadora de Gas del Norte's Days Payable

For the Oil & Gas Midstream subindustry, Transportadora de Gas del Norte'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.

Transportadora de Gas del Norte's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Transportadora de Gas del Norte's Days Payable falls into.

Transportadora de Gas del Norte 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.

Transportadora de Gas del Norte'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
=	( (1524.075	+	4695.084)	/	2 )	/	100231.845	*	365
=	3109.5795					/	100231.845	*	365
=	11.32

Transportadora de Gas del Norte'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (4458.397	+	4695.084)	/	2 )	/	56434.093	*	365 / 4
=	4576.7405					/	56434.093	*	365 / 4
=	7.40

Transportadora de Gas del Norte Days Payable Related Terms

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Transportadora de Gas del Norte (BUE:TGNO2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Transportadora de Gas del Norte SA (BUE:TGNO2) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TGNO4:Argentina

Address

Don Bosco 3672, 3rd floor, Buenos Aires, ARG, C1206ABF

Website

https://www.tgn.com.ar

Transportadora de Gas del Norte SA is an Argentina-based company. It is active in the distribution of natural gas. The Company operates a pipeline network of more than 6,788 kilometers. Its gas transportation system comprises two main pipelines: The Northern Pipeline, which begins in the province of Salta, and the Central Western Pipeline, which starts in the Province of Neuquen. The services offered by the company include Gas transportation and providing operation, maintenance and technical assistance of third-party pipelines.

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