Ecopetrol (FRA:ECHA) Days Payable : 52.85 (As of Sep. 2024)

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What is Ecopetrol Days Payable?

Ecopetrol's average Accounts Payable for the three months ended in Sep. 2024 was €2,829 Mil. Ecopetrol's Cost of Goods Sold for the three months ended in Sep. 2024 was €4,885 Mil. Hence, Ecopetrol's Days Payable for the three months ended in Sep. 2024 was 52.85.

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

FRA:ECHA' s Days Payable Range Over the Past 10 Years
Min: 52.03 Med: 74.19 Max: 83.46
Current: 54.25

During the past 13 years, Ecopetrol's highest Days Payable was 83.46. The lowest was 52.03. And the median was 74.19.

FRA:ECHA's Days Payable is ranked worse than
54.49% of 890 companies
in the Oil & Gas industry
Industry Median: 61.345 vs FRA:ECHA: 54.25

Ecopetrol's Days Payable increased from Sep. 2023 (0.00) to Sep. 2024 (52.85). It may suggest that Ecopetrol delayed paying its suppliers.

Ecopetrol Days Payable Historical Data

The historical data trend for Ecopetrol'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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Ecopetrol Days Payable Chart

Ecopetrol Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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81.90

89.25

56.27

54.90

55.27

Ecopetrol Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															-	53.66	64.09	52.05	52.85

Competitive Comparison of Ecopetrol's Days Payable

For the Oil & Gas Integrated subindustry, Ecopetrol'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.

Ecopetrol's Days Payable Distribution in the Oil & Gas Industry

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

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

Ecopetrol 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.

Ecopetrol'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
=	( (2975.828	+	3137.649)	/	2 )	/	20187.951	*	365
=	3056.7385					/	20187.951	*	365
=	55.27

Ecopetrol'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
=	( (2829.406	+	0)	/	1 )	/	4885.314	*	365 / 4
=	2829.406					/	4885.314	*	365 / 4
=	52.85

Ecopetrol Days Payable Related Terms

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Ecopetrol Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ecopetrol SA (FRA:ECHA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

EC:USA EC N:Mexico ECHA:Germany ECOPETROL:Colombia E1CO34:Brazil

Address

Carrera 13 No. 36 - 24, Main Building, Bogota, COL

Website

https://www.ecopetrol.com.co

Ecopetrol SA is engaged in commercial and industrial activities related to the exploration, exploitation, refining, transportation, storage, distribution, and marketing of hydrocarbons, their derivatives, and products, as well as the electric power transmission services, design, development, construction, operation, and maintenance of road and energy infrastructure projects and the provision of information technology and telecommunications services. The operations of the company are performed through four business segments: Exploration and Production, Transport and Logistics, Refining and Petrochemical, and Electric Power Transmission and Toll Roads Concessions. The majority of the company's revenue is generated from the Refining and Petrochemical segment.

Ecopetrol Headlines

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