DTI (Drilling Tools International) Days Payable : 65.83 (As of Sep. 2024)

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What is Drilling Tools International Days Payable?

Drilling Tools International's average Accounts Payable for the three months ended in Sep. 2024 was $11.5 Mil. Drilling Tools International's Cost of Goods Sold for the three months ended in Sep. 2024 was $16.0 Mil. Hence, Drilling Tools International's Days Payable for the three months ended in Sep. 2024 was 65.83.

The historical rank and industry rank for Drilling Tools International's Days Payable or its related term are showing as below:

DTI' s Days Payable Range Over the Past 10 Years
Min: 49.1 Med: 53.81 Max: 68.89
Current: 68.89

During the past 3 years, Drilling Tools International's highest Days Payable was 68.89. The lowest was 49.10. And the median was 53.81.

DTI's Days Payable is ranked better than
54.15% of 879 companies
in the Oil & Gas industry
Industry Median: 60.34 vs DTI: 68.89

Drilling Tools International's Days Payable declined from Sep. 2023 (87.18) to Sep. 2024 (65.83). It may suggest that Drilling Tools International accelerated paying its suppliers.

Drilling Tools International Days Payable Historical Data

The historical data trend for Drilling Tools International'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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Drilling Tools International Days Payable Chart

Drilling Tools International Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

66.50

53.81

49.10

Drilling Tools International Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial						87.18	53.95	80.36	89.48	65.83

Competitive Comparison of Drilling Tools International's Days Payable

For the Oil & Gas Equipment & Services subindustry, Drilling Tools International'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.

Drilling Tools International's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Drilling Tools International's Days Payable falls into.

Drilling Tools International 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.

Drilling Tools International'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
=	( (7.281	+	7.751)	/	2 )	/	55.871	*	365
=	7.516					/	55.871	*	365
=	49.10

Drilling Tools International'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
=	( (14.014	+	9.054)	/	2 )	/	15.987	*	365 / 4
=	11.534					/	15.987	*	365 / 4
=	65.83

Drilling Tools International Days Payable Related Terms

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Drilling Tools International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Drilling Tools International Corp (NAS:DTI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3701 Briarpark Drive, Suite 150, Houston, TX, USA, 77042

Website

https://www.drillingtools.com

Drilling Tools International Corp manufactures, rents, inspects, and refurbishes downhole drilling tools primarily to companies in the oil and natural gas industry for bottom hole assemblies used in onshore and offshore horizontal and directional drilling. The Company's United States operations have locations in Texas, California, Louisiana, Oklahoma, Pennsylvania, North Dakota, New Mexico, Utah, and Wyoming. The Company's international operations are located in Canada with additional stocking points in Europe and the Middle East.

Executives

Thomas Monroe Patterson	director	801 CHERRY STREET, SUITE 2100, FORT WORTH TX 76102
Thomas O Hicks	director, 10 percent owner	2200 ROSS AVENUE, SUITE 4600 W, DALLAS TX 75201
David Richard Johnson	officer: Chief Financial Officer	27215 SYMPHONY CREEK LN, FULSHEAR TX 77441
Robert Wayne Prejean	director, officer: CEO, President	3701 BRIARPARK DRIVE, SUITE 150, HOUSTON TX 77042
Domino Michael Wayne Jr.	officer: President, DTR Division	3701 BRIARPARK DRIVE, SUITE 150, HOUSTON TX 77042
Vermillion Charles Richard Jr.	director	4605 POST OAK PLACE #202, HOUSTON TX 77027
L.p. Hhep-directional,	10 percent owner	2200 ROSS AVENUE, 50TH FLOOR, DALLAS TX 75201
Curt L. Crofford	director	100 CRESCENT COURT, SUITE 1200, DALLAS TX 75201
Eric C Neuman	director	100 CRESCENT COURT, SUITE 1200, DALLAS TX 75201
Jack D Furst	director	2591 LAKESIDE PARKWAY, SUITE 100, FLOWER MOUND TX 75022
Roc Energy Holdings, Llc	10 percent owner	16400 DALLAS PARKWAY, DALLAS TX 75248
Daniel Jeffrey Kimes	director, officer: Chief Executive Officer	16400 DALLAS PARKWAY, DALLAS TX 75248
Joseph Drysdale	director	16400 DALLAS PARKWAY, DALLAS TX 75248
Win Graham	director	16400 DALLAS PARKWAY, DALLAS TX 75248
Rosemarie Cicalese	officer: Chief Financial Officer	16400 DALLAS PARKWAY, DALLAS TX 75248