FLSS (Forbes Energy Services) Days Payable: 26.04 (As of Mar. 2020)

What is Forbes Energy Services Days Payable?

Forbes Energy Services FLSS -90.00% 16 Days Payable is 26.04 as of Mar. 2020. GuruFocus rates FLSS with a GF Score™ of 16/100.

Forbes Energy Services's average Accounts Payable for the three months ended in Mar. 2020 was $9.9 Mil. Forbes Energy Services's Cost of Goods Sold for the three months ended in Mar. 2020 was $34.8 Mil. Hence, Forbes Energy Services's Days Payable for the three months ended in Mar. 2020 was 26.04.

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

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

Forbes Energy Services's Days Payable declined from Mar. 2019 (29.74) to Mar. 2020 (26.04). It may suggest that Forbes Energy Services accelerated paying its suppliers.

Forbes Energy Services Days Payable Related Terms

Forbes Energy Services Days Payable Historical Data

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The historical data trend for Forbes Energy 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.

Forbes Energy Services Days Payable Chart

Forbes Energy Services Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Days Payable

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26.66

23.72

0.00

26.08

26.27

Forbes Energy Services Quarterly Data
	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20
Days Payable	Get a 7-Day Free Trial															29.74	25.52	18.13	20.99	26.04

FLSS vs CRRTQ, HOSSQ, BANM: Days Payable Comparison

For the Oil & Gas Equipment & Services subindustry, Forbes Energy 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.

Forbes Energy Services Days Payable vs Oil & Gas Industry

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

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

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Forbes Energy Services Ltd FLSS

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Forbes Energy 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.

Forbes Energy Services's Days Payable for the fiscal year that ended in Dec. 2019 is calculated as

	Days Payable (A: Dec. 2019 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2018 )	+	Accounts Payable (A: Dec. 2019 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2019 )	*	Days in Period
=	( (17.841	+	9.366)	/	2 )	/	189.001	*	365
=	13.6035					/	189.001	*	365
=	26.27

Forbes Energy Services's Days Payable for the quarter that ended in Mar. 2020 is calculated as:

	Days Payable (Q: Mar. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2019 )	+	Accounts Payable (Q: Mar. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2020 )	*	Days in Period
=	( (9.366	+	10.498)	/	2 )	/	34.805	*	365 / 4
=	9.932					/	34.805	*	365 / 4
=	26.04

Frequently Asked Questions Learn more about Days Payable →

What does a Days Payable of 26.04 mean?

Forbes Energy Services (FLSS) has a Days Payable of 26.04 as of Mar. 2020. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Forbes Energy Services and its competitors.

Is Forbes Energy Services' Days Payable too high?

Forbes Energy Services' current Days Payable is 26.04. The Oil & Gas industry median Days Payable is 57.95. Forbes Energy Services' value of 26.04 is 55.1% below this industry median. Overall, Forbes Energy Services has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.

How does Forbes Energy Services' Days Payable compare to CRRTQ and HOSSQ?

Forbes Energy Services' Days Payable of 26.04 can be compared against companies in the Oil & Gas industry. The industry median Days Payable is 57.95. Forbes Energy Services' value of 26.04 is 55.1% below 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. Forbes Energy Services's current Days Payable of 26.04 is 55.1% below 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 Forbes Energy 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. Forbes Energy Services's current Days Payable is 26.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Forbes Energy Services stock overvalued right now?

Forbes Energy Services (FLSS) has a current Days Payable of 26.04. The current Days Payable is 26.04 and 55.1% below the Oil & Gas industry median of 57.95. Forbes Energy Services' overall GF Score™ is 16/100. 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 Forbes Energy Services (FLSS), the current Days Payable is 26.04 as of Mar. 2020. 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.

Forbes Energy Services Business Description

Industry Energy Oil & Gas

Comparable Companies CRRTQ HOSSQ BANM SYNE SMGI ALYE SLB BKR HAL SHSE:601808 MIL:TEN XAMS:VPK NOV XKLS:7277 SZSE:002353 SHSE:600968 XPAR:FTI ASX:WOR SHSE:600583 XPAR:GTT

Address 3000 South Business Highway 281, Alice, TX, USA, 78332

Website http://www.forbesenergyservices.com

Forbes Energy Services Ltd operates as an oilfield services contractor that provides a wide range of well site services to oil and natural gas drilling and producing companies to help develop and enhance the production of oil and natural gas. The company operates in three business segments namely Well Servicing which is the key revenue driver, Coiled Tubing, and Fluid Logistics. These services include fluid hauling, fluid disposal, well maintenance, completion services, workovers and recompletions, plugging and abandonment, and tubing testing. Geographically, it operates in South, East, Central, and West Texas.

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