Emerald Oil Industries (DHA:EMERALDOIL) Days Payable : 99.72 (As of Dec. 2023)

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What is Emerald Oil Industries Days Payable?

Emerald Oil Industries's average Accounts Payable for the three months ended in Dec. 2023 was BDT157 Mil. Emerald Oil Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was BDT144 Mil. Hence, Emerald Oil Industries's Days Payable for the three months ended in Dec. 2023 was 99.72.

The historical rank and industry rank for Emerald Oil Industries's Days Payable or its related term are showing as below:

DHA:EMERALDOIL' s Days Payable Range Over the Past 10 Years
Min: 47.21 Med: 1803.73 Max: 2270.39
Current: 47.21

During the past 11 years, Emerald Oil Industries's highest Days Payable was 2270.39. The lowest was 47.21. And the median was 1803.73.

DHA:EMERALDOIL's Days Payable is ranked better than
51.06% of 1792 companies
in the Consumer Packaged Goods industry
Industry Median: 46.105 vs DHA:EMERALDOIL: 47.21

Emerald Oil Industries's Days Payable increased from Dec. 2022 (67.24) to Dec. 2023 (99.72). It may suggest that Emerald Oil Industries delayed paying its suppliers.

Emerald Oil Industries Days Payable Historical Data

The historical data trend for Emerald Oil Industries'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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Emerald Oil Industries Days Payable Chart

Emerald Oil Industries Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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1,987.32

2,042.36

2,270.39

197.80

72.67

Emerald Oil Industries Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Jun18	Jun19	Jun20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															67.24	54.44	51.63	31.58	99.72

Competitive Comparison of Emerald Oil Industries's Days Payable

For the Packaged Foods subindustry, Emerald Oil Industries'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.

Emerald Oil Industries's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Emerald Oil Industries's Days Payable distribution charts can be found below:

* The bar in red indicates where Emerald Oil Industries's Days Payable falls into.

Emerald Oil Industries 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.

Emerald Oil Industries's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (204.603	+	196.398)	/	2 )	/	1007.088	*	365
=	200.5005					/	1007.088	*	365
=	72.67

Emerald Oil Industries'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
=	( (185.398	+	129.042)	/	2 )	/	143.865	*	365 / 4
=	157.22					/	143.865	*	365 / 4
=	99.72

Emerald Oil Industries Days Payable Related Terms

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Emerald Oil Industries (DHA:EMERALDOIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Emerald Oil Industries Ltd (DHA:EMERALDOIL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Halimunnesa's Court (Floor-9), 23, Kakrail, Dhaka, BGD, 1000

Website

http://www.spondonoil.com

Emerald Oil Industries Ltd engages in producing of rice bran oil by processing rice bran collected from local auto rice mills. The company markets its product in its own brand name Spondon Rice Bran Oil. The company offers rice bran oil for use in preparing fried foods, snacks, margarine, salad dressings, baking goods, soaps, and skin creams. The firm also produces various by-products, including De-Oil Rice Bran, Fatty Acid, Wax, Gum and Spent Earth.

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