Lanka IOC (COL:LIOC.N0000) Days Payable : 17.15 (As of Mar. 2024)

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What is Lanka IOC Days Payable?

Lanka IOC's average Accounts Payable for the three months ended in Mar. 2024 was රු13,037 Mil. Lanka IOC's Cost of Goods Sold for the three months ended in Mar. 2024 was රු69,350 Mil. Hence, Lanka IOC's Days Payable for the three months ended in Mar. 2024 was 17.15.

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

COL:LIOC.N0000' s Days Payable Range Over the Past 10 Years
Min: 9.92 Med: 18.15 Max: 39.56
Current: 26.64

During the past 13 years, Lanka IOC's highest Days Payable was 39.56. The lowest was 9.92. And the median was 18.15.

COL:LIOC.N0000's Days Payable is ranked worse than
80.53% of 899 companies
in the Oil & Gas industry
Industry Median: 61.41 vs COL:LIOC.N0000: 26.64

Lanka IOC's Days Payable declined from Mar. 2023 (23.36) to Mar. 2024 (17.15). It may suggest that Lanka IOC accelerated paying its suppliers.

Lanka IOC Days Payable Historical Data

The historical data trend for Lanka IOC'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.

Lanka IOC Days Payable Chart

Lanka IOC Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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18.04

18.26

39.56

20.22

17.89

Lanka IOC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															23.36	35.32	41.88	25.63	17.15

Competitive Comparison of Lanka IOC's Days Payable

For the Oil & Gas Refining & Marketing subindustry, Lanka IOC'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.

Lanka IOC's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Lanka IOC's Days Payable falls into.

Lanka IOC 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.

Lanka IOC's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (11857.636	+	11622.628)	/	2 )	/	239550.439	*	365
=	11740.132					/	239550.439	*	365
=	17.89

Lanka IOC's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (14451.961	+	11622.628)	/	2 )	/	69349.783	*	365 / 4
=	13037.2945					/	69349.783	*	365 / 4
=	17.15

Lanka IOC Days Payable Related Terms

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

Lanka IOC (COL:LIOC.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Lanka IOC PLC (COL:LIOC.N0000) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

World Trade Center, Level 20, West Tower, Echelon Square, Colombo, LKA, 01

Website

https://www.lankaioc.com

Lanka IOC PLC is engaged in importing, blending, distributing, and selling of petroleum products. Its product offering is divided into five divisions namely Autofuel, Lubricants, Bitumen, Bunkering, and Petrochemicals. The Company is dealing only in the Petroleum products. Some of its products are Diesel, Petrol, IFO 180 cst, Marine Gas Oil, Bitumen 60/70, Bitumen 80/100 and others. The company gets revenue from Lanka Petrol 92 Octane, Lanka Auto Diesel, Xtramile, Lanka Super Diesel, Xtrapremium Euro 3, Xtrapremium 95, Lubricants, Bunkering, Bitumen and Petrochemical.

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