Rompetrol Rafinare (FRA:87R) Days Payable: 92.93 (As of Sep. 2023)

What is Rompetrol Rafinare Days Payable?

Rompetrol Rafinare FRA:87R Days Payable is 92.93 as of Sep. 2023.

Rompetrol Rafinare's average Accounts Payable for the three months ended in Sep. 2023 was €874 Mil. Rompetrol Rafinare's Cost of Goods Sold for the three months ended in Sep. 2023 was €858 Mil. Hence, Rompetrol Rafinare's Days Payable for the three months ended in Sep. 2023 was 92.93.

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

FRA:87R's Days Payable is not ranked ^*
in the Oil & Gas industry.
Industry Median: 57.145
* Ranked among companies with meaningful Days Payable only.

Rompetrol Rafinare's Days Payable increased from Sep. 2022 (61.45) to Sep. 2023 (92.93). It may suggest that Rompetrol Rafinare delayed paying its suppliers.

Rompetrol Rafinare Days Payable Related Terms

Rompetrol Rafinare Days Payable Historical Data

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The historical data trend for Rompetrol Rafinare'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.

Rompetrol Rafinare Days Payable Chart

Rompetrol Rafinare Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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72.30

72.80

117.46

94.55

65.61

Rompetrol Rafinare Quarterly Data
	Sep18	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															61.45	64.63	79.07	74.99	92.93

FRA:87R vs : Days Payable Comparison

For the Oil & Gas Refining & Marketing subindustry, Rompetrol Rafinare'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.

Rompetrol Rafinare Days Payable vs Oil & Gas Industry

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

* The bar in red indicates where Rompetrol Rafinare's Days Payable falls into.

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Rompetrol Rafinare 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.

Rompetrol Rafinare's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (904.884	+	727.563)	/	2 )	/	4540.899	*	365
=	816.2235					/	4540.899	*	365
=	65.61

Rompetrol Rafinare's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (874.399	+	872.954)	/	2 )	/	857.858	*	365 / 4
=	873.6765					/	857.858	*	365 / 4
=	92.93

Frequently Asked Questions Learn more about Days Payable →

What does a Days Payable of 92.93 mean?

Rompetrol Rafinare (FRA:87R) has a Days Payable of 92.93 as of Sep. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Rompetrol Rafinare and its competitors.

Is Rompetrol Rafinare's Days Payable too high?

Rompetrol Rafinare's current Days Payable is 92.93. The Oil & Gas industry median Days Payable is 57.15. Rompetrol Rafinare's value of 92.93 is 62.6% above this industry median.

How does Rompetrol Rafinare's Days Payable compare to ?

Rompetrol Rafinare's Days Payable of 92.93 can be compared against companies in the Oil & Gas industry. The industry median Days Payable is 57.15. Rompetrol Rafinare's value of 92.93 is 62.6% 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 57.15, based on 854 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. Rompetrol Rafinare's current Days Payable of 92.93 is 62.6% 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 Rompetrol Rafinare and its competitors. For the Oil & Gas industry, the median Days Payable is 57.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rompetrol Rafinare's current Days Payable is 92.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Rompetrol Rafinare stock overvalued right now?

Rompetrol Rafinare (FRA:87R) has a current Days Payable of 92.93. The current Days Payable is 92.93 and 62.6% above the Oil & Gas industry median of 57.15. 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 Rompetrol Rafinare (FRA:87R), the current Days Payable is 92.93 as of Sep. 2023. 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.

Rompetrol Rafinare Business Description

Industry Energy Oil & Gas

Comparable Companies

Address Navodari Boulevard, no. 215, Administrative Building, Navodari, Constanta, ROU, 905700

Website http://www.rompetrol-rafinare.ro

Rompetrol Rafinare SA is engaged in the Refining and marketing of petrochemical products. It operates Petromidia refinery in the Black Sea coast and Vega refinery in Ploiesti city and engaged in the manufacturing and trading of Petrochemical Products and Refining products. The company's segments include Refining, Petrochemicals, and Marketing. The company products include Polypropylene, High-Density Polyethylene, Low-Density Polyethylene, Aviation fuels, Car fuels, Bitumen, and others. The company has all of its operations in Romania and also exports internationally. The majority of the revenue is generated from Romania.