Seacrest Petroleo Bermuda (CHIX:SEAPTO) Days Payable: 86.83 (As of Sep. 2024)


CHIX:SEAPTO Seacrest Petroleo Bermuda Ltd CHIX:SEAPTO
6 GF Score
Price kr4.93
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What is Seacrest Petroleo Bermuda Days Payable?

Seacrest Petroleo Bermuda CHIX:SEAPTO 6 Days Payable is 86.83 as of Sep. 2024. GuruFocus rates CHIX:SEAPTO with a GF Score™ of 6/100.

Seacrest Petroleo Bermuda's average Accounts Payable for the three months ended in Sep. 2024 was kr451 Mil. Seacrest Petroleo Bermuda's Cost of Goods Sold for the three months ended in Sep. 2024 was kr474 Mil. Hence, Seacrest Petroleo Bermuda's Days Payable for the three months ended in Sep. 2024 was 86.83.

The historical rank and industry rank for Seacrest Petroleo Bermuda's Days Payable or its related term are showing as below:

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

Seacrest Petroleo Bermuda's Days Payable increased from Sep. 2023 (52.60) to Sep. 2024 (86.83). It may suggest that Seacrest Petroleo Bermuda delayed paying its suppliers.

Seacrest Petroleo Bermuda Days Payable Historical Data

* Premium members only.

The historical data trend for Seacrest Petroleo Bermuda'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.

Seacrest Petroleo Bermuda Days Payable Chart

Seacrest Petroleo Bermuda Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
0.00 0.00 0.00 46.36 52.76

Seacrest Petroleo Bermuda Quarterly Data
Dec19 Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 52.60 45.88 101.76 85.93 86.83

CHIX:SEAPTO vs COP, EOG, OXY: Days Payable Comparison

For the Oil & Gas E&P subindustry, Seacrest Petroleo Bermuda'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.

Seacrest Petroleo Bermuda Days Payable vs Oil & Gas Industry

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

* The bar in red indicates where Seacrest Petroleo Bermuda's Days Payable falls into.


CHIX:SEAPTO
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Seacrest Petroleo Bermuda Ltd CHIX:SEAPTO
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Seacrest Petroleo Bermuda 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.

Seacrest Petroleo Bermuda'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
=( (93.13 + 440.226) / 2 ) / 1845.08*365
=266.678 / 1845.08*365
=52.76

Seacrest Petroleo Bermuda's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

Days Payable (Q: Sep. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2024 ) + Accounts Payable (Q: Sep. 2024 )) / count ) / Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=( (278.102 + 623.494) / 2 ) / 473.726*365 / 4
=450.798 / 473.726*365 / 4
=86.83

* 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 86.83 mean?
Seacrest Petroleo Bermuda (CHIX:SEAPTO) has a Days Payable of 86.83 as of Sep. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Seacrest Petroleo Bermuda and its competitors.
Is Seacrest Petroleo Bermuda's Days Payable too high?
Seacrest Petroleo Bermuda's current Days Payable is 86.83. The Oil & Gas industry median Days Payable is 57.15. Seacrest Petroleo Bermuda's value of 86.83 is 51.9% above this industry median. Overall, Seacrest Petroleo Bermuda has a GF Score™ of 6/100, reflecting its overall financial health beyond just this single metric.
How does Seacrest Petroleo Bermuda's Days Payable compare to COP and EOG?
Seacrest Petroleo Bermuda's Days Payable of 86.83 can be compared against companies in the Oil & Gas industry. The industry median Days Payable is 57.15. Seacrest Petroleo Bermuda's value of 86.83 is 51.9% 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. Seacrest Petroleo Bermuda's current Days Payable of 86.83 is 51.9% 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 Seacrest Petroleo Bermuda 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. Seacrest Petroleo Bermuda's current Days Payable is 86.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Seacrest Petroleo Bermuda stock overvalued right now?
Seacrest Petroleo Bermuda (CHIX:SEAPTO) has a current Days Payable of 86.83. The current Days Payable is 86.83 and 51.9% above the Oil & Gas industry median of 57.15. Seacrest Petroleo Bermuda's overall GF Score™ is 6/100. 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 Seacrest Petroleo Bermuda (CHIX:SEAPTO), the current Days Payable is 86.83 as of Sep. 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.

Seacrest Petroleo Bermuda Business Description

Industry EnergyOil & Gas
Address 99 Front Street, Hamilton, BMU, HM 12
Seacrest Petroleo Bermuda Ltd is an oil and gas exploration group. The Group is engaged in oil and gas exploration, development, production, and trade activities. It has a single operating segment, which consists of oil and gas exploration and production (E&P).
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