CSSV (Caspian Services) Days Payable: 95.24 (As of Jun. 2016)

What is Caspian Services Days Payable?

Caspian Services CSSV Days Payable is 95.24 as of Jun. 2016.

Caspian Services's average Accounts Payable for the three months ended in Jun. 2016 was $2.08 Mil. Caspian Services's Cost of Goods Sold for the three months ended in Jun. 2016 was $1.99 Mil. Hence, Caspian Services's Days Payable for the three months ended in Jun. 2016 was 95.24.

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

CSSV's Days Payable is not ranked ^*
in the Oil & Gas industry.
Industry Median: 57.95
* Ranked among companies with meaningful Days Payable only.

Caspian Services's Days Payable increased from Jun. 2015 (77.78) to Jun. 2016 (95.24). It may suggest that Caspian Services delayed paying its suppliers.

Caspian Services Days Payable Related Terms

Caspian Services Days Payable Historical Data

* Premium members only.

The historical data trend for Caspian Services'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.

Caspian Services Days Payable Chart

Caspian Services Annual Data

Trend

Sep06

Sep07

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Days Payable

Get a 7-Day Free Trial

62.37

89.92

45.83

48.24

78.99

Caspian Services Quarterly Data
	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16
Days Payable	Get a 7-Day Free Trial															77.78	96.35	103.19	101.86	95.24

CSSV vs GLRI, TIRTZ, GLFH: Days Payable Comparison

For the Oil & Gas Equipment & Services subindustry, Caspian Services'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.

Caspian Services Days Payable vs Oil & Gas Industry

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

* The bar in red indicates where Caspian Services's Days Payable falls into.

Save Embed

Caspian Services 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.

Caspian Services's Days Payable for the fiscal year that ended in Sep. 2015 is calculated as

	Days Payable (A: Sep. 2015 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2014 )	+	Accounts Payable (A: Sep. 2015 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2015 )	*	Days in Period
=	( (2.319	+	2.24)	/	2 )	/	10.533	*	365
=	2.2795					/	10.533	*	365
=	78.99

Caspian Services's Days Payable for the quarter that ended in Jun. 2016 is calculated as:

	Days Payable (Q: Jun. 2016 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2016 )	+	Accounts Payable (Q: Jun. 2016 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2016 )	*	Days in Period
=	( (2.173	+	1.983)	/	2 )	/	1.991	*	365 / 4
=	2.078					/	1.991	*	365 / 4
=	95.24

Frequently Asked Questions Learn more about Days Payable →

What does a Days Payable of 95.24 mean?

Caspian Services (CSSV) has a Days Payable of 95.24 as of Jun. 2016. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Caspian Services and its competitors.

Is Caspian Services' Days Payable too high?

Caspian Services' current Days Payable is 95.24. The Oil & Gas industry median Days Payable is 57.95. Caspian Services' value of 95.24 is 64.3% above this industry median.

How does Caspian Services' Days Payable compare to GLRI and TIRTZ?

Caspian Services' Days Payable of 95.24 can be compared against companies in the Oil & Gas industry. The industry median Days Payable is 57.95. Caspian Services' value of 95.24 is 64.3% 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 57.95, based on 849 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. Caspian Services's current Days Payable of 95.24 is 64.3% 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 Caspian Services and its competitors. For the Oil & Gas industry, the median Days Payable is 57.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Caspian Services's current Days Payable is 95.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Caspian Services stock overvalued right now?

Caspian Services (CSSV) has a current Days Payable of 95.24. The current Days Payable is 95.24 and 64.3% above the Oil & Gas industry median of 57.95. 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 Caspian Services (CSSV), the current Days Payable is 95.24 as of Jun. 2016. 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.

Caspian Services Business Description

Industry Energy Oil & Gas

Comparable Companies BOM:531279 GLRI TSXV:IES WAR:BCI TIRTZ GLFH OSL:SBX TSXV:DAL TSXV:NWE TSXV:SEW FOSI BSE:UZT BOM:526614 LSE:IGSS TSX:HE XCNQ:RGT TSXV:HTC TSXV:DVT TSXV:TRB GLFMQ

Address 2319 Foothill Drive, Suite 160, Salt Lake City, UT, USA, 84109

Website http://www.caspianservicesinc.com

Caspian Services Inc provides oilfield services to oil & gas industry in Kazakhstan. The company operates in three reportable segments including Vessel operations, Geophysical services, and Marine base services. Vessel operations consist of chartering a fleet of shallow draft offshore support vessels to customers performing oil and gas exploration activities in the Caspian Sea. Geophysical services consist of providing seismic data acquisition services to oil and gas companies operating onshore in Kazakhstan. Marine base service consists of operating a marine base with a boat repair and drydocking services yard located at the port of Bautino on the North Caspian Sea. It generates the majority of the revenue from Vessel operations segment.