Empire Energy Group (Empire Energy Group) Days Payable : 389.24 (As of Dec. 2023)

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What is Empire Energy Group Days Payable?

Empire Energy Group's average Accounts Payable for the six months ended in Dec. 2023 was $4.12 Mil. Empire Energy Group's Cost of Goods Sold for the six months ended in Dec. 2023 was $1.93 Mil. Hence, Empire Energy Group's Days Payable for the six months ended in Dec. 2023 was 389.24.

The historical rank and industry rank for Empire Energy Group's Days Payable or its related term are showing as below:

EEGUF' s Days Payable Range Over the Past 10 Years
Min: 136.28 Med: 239.12 Max: 757.55
Current: 563.72

During the past 13 years, Empire Energy Group's highest Days Payable was 757.55. The lowest was 136.28. And the median was 239.12.

EEGUF's Days Payable is ranked better than
91.23% of 901 companies
in the Oil & Gas industry
Industry Median: 61.11 vs EEGUF: 563.72

Empire Energy Group's Days Payable declined from Dec. 2022 (660.93) to Dec. 2023 (389.24). It may suggest that Empire Energy Group accelerated paying its suppliers.

Empire Energy Group Days Payable Historical Data

The historical data trend for Empire Energy Group'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.

Empire Energy Group Days Payable Chart

Empire Energy Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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319.25

356.25

582.26

775.47

606.90

Empire Energy Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															575.44	611.29	660.93	695.72	389.24

Competitive Comparison of Empire Energy Group's Days Payable

For the Oil & Gas E&P subindustry, Empire Energy Group'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.

Empire Energy Group's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Empire Energy Group's Days Payable falls into.

Empire Energy Group 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.

Empire Energy Group'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
=	( (10.134	+	2.985)	/	2 )	/	3.945	*	365
=	6.5595					/	3.945	*	365
=	606.90

Empire Energy Group'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (5.252	+	2.985)	/	2 )	/	1.931	*	365 / 2
=	4.1185					/	1.931	*	365 / 2
=	389.24

Empire Energy Group Days Payable Related Terms

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Empire Energy Group (Empire Energy Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Empire Energy Group Ltd (OTCPK:EEGUF) » Definitions » Days Payable

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EEG:Australia

Address

6-10 O'Connell Street, Level 5, Sydney, NSW, AUS, 2000

Website

https://empireenergygroup.net

Empire Energy Group Ltd is an oil and gas exploration and production company focused on onshore long-life oil & gas fields, in the USA. The progression of exploration & appraisal work programs in its wholly-owned and operated exploration tenements & applications located in the high petroleum-prospective Northern Territory McArthur Basin (including the Beetaloo Sub-Basin). It sells oil and gas products to owners of domestic pipelines, utilities, and refiners located in Pennsylvania and New York. It operates in three segments- United States Operations, Northern Territory, and corporate. The majority is derived from United States operations segment, which includes all oil and gas operations located in the USA. Revenue is derived from the sale of oil and gas and the operation of wells.

Empire Energy Group (Empire Energy Group) Headlines

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