Europa Oil & Gas (Holdings) (FRA:EGN) Days Payable : 23.94 (As of Jul. 2024)

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What is Europa Oil & Gas (Holdings) Days Payable?

Europa Oil & Gas (Holdings)'s average Accounts Payable for the six months ended in Jul. 2024 was €0.27 Mil. Europa Oil & Gas (Holdings)'s Cost of Goods Sold for the six months ended in Jul. 2024 was €2.08 Mil. Hence, Europa Oil & Gas (Holdings)'s Days Payable for the six months ended in Jul. 2024 was 23.94.

The historical rank and industry rank for Europa Oil & Gas (Holdings)'s Days Payable or its related term are showing as below:

FRA:EGN' s Days Payable Range Over the Past 10 Years
Min: 32.79 Med: 139.12 Max: 216.41
Current: 33.82

During the past 13 years, Europa Oil & Gas (Holdings)'s highest Days Payable was 216.41. The lowest was 32.79. And the median was 139.12.

FRA:EGN's Days Payable is ranked worse than
72.53% of 870 companies
in the Oil & Gas industry
Industry Median: 59.815 vs FRA:EGN: 33.82

Europa Oil & Gas (Holdings)'s Days Payable declined from Jul. 2023 (164.63) to Jul. 2024 (23.94). It may suggest that Europa Oil & Gas (Holdings) accelerated paying its suppliers.

Europa Oil & Gas (Holdings) Days Payable Historical Data

The historical data trend for Europa Oil & Gas (Holdings)'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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Europa Oil & Gas (Holdings) Days Payable Chart

Europa Oil & Gas (Holdings) Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Days Payable

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152.32

210.77

91.25

94.99

32.34

Europa Oil & Gas (Holdings) Semi-Annual Data
	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24	Jul24
Days Payable	Get a 7-Day Free Trial															70.84	122.19	164.63	45.70	23.94

Competitive Comparison of Europa Oil & Gas (Holdings)'s Days Payable

For the Oil & Gas E&P subindustry, Europa Oil & Gas (Holdings)'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.

Europa Oil & Gas (Holdings)'s Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Europa Oil & Gas (Holdings)'s Days Payable falls into.

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Europa Oil & Gas (Holdings) 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.

Europa Oil & Gas (Holdings)'s Days Payable for the fiscal year that ended in Jul. 2024 is calculated as

	Days Payable (A: Jul. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jul. 2023 )	+	Accounts Payable (A: Jul. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jul. 2024 )	*	Days in Period
=	( (0.529	+	0.166)	/	2 )	/	3.922	*	365
=	0.3475					/	3.922	*	365
=	32.34

Europa Oil & Gas (Holdings)'s Days Payable for the quarter that ended in Jul. 2024 is calculated as:

	Days Payable (Q: Jul. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jan. 2024 )	+	Accounts Payable (Q: Jul. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jul. 2024 )	*	Days in Period
=	( (0.379	+	0.166)	/	2 )	/	2.077	*	365 / 2
=	0.2725					/	2.077	*	365 / 2
=	23.94

Europa Oil & Gas (Holdings) Days Payable Related Terms

Thank you for viewing the detailed overview of Europa Oil & Gas (Holdings)'s Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Europa Oil & Gas (Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Europa Oil & Gas (Holdings) PLC (FRA:EGN) » Definitions » Days Payable

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EOG:UK

Address

54 Charlotte Street, London, GBR, W1T 2NS

Website

https://www.europaoil.com

Europa Oil & Gas (Holdings) PLC is an oil and gas exploration, development, and production company. It is focused on developing a balanced portfolio of assets in the North Sea, Atlantic Ireland, and West Africa, supported by revenue from onshore oil production in the United Kingdom. The company holds interests in the Broughton North prospect, West Firsby and Crosby Warren fields, Wressle-1 well, and Whisby W4 well. In the Irish Atlantic region, it considers the Inishkea prospect in the Slyne basin and near the Corrib gasfield as its flagship project in Ireland. The company has also acquired interest in the Block EG-08 offshore in the Douala Basin of Equatorial Guinea. Its reportable segments are the United Kingdom which derives key revenue, Ireland, and West Africa.