Jutal Offshore Oil Services (FRA:I8O) Days Payable : 134.74 (As of Jun. 2024)

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What is Jutal Offshore Oil Services Days Payable?

Jutal Offshore Oil Services's average Accounts Payable for the six months ended in Jun. 2024 was €86.7 Mil. Jutal Offshore Oil Services's Cost of Goods Sold for the six months ended in Jun. 2024 was €117.4 Mil. Hence, Jutal Offshore Oil Services's Days Payable for the six months ended in Jun. 2024 was 134.74.

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

FRA:I8O' s Days Payable Range Over the Past 10 Years
Min: 94.07 Med: 120.12 Max: 322.19
Current: 143.47

During the past 13 years, Jutal Offshore Oil Services's highest Days Payable was 322.19. The lowest was 94.07. And the median was 120.12.

FRA:I8O's Days Payable is ranked better than
75.09% of 871 companies
in the Oil & Gas industry
Industry Median: 60.33 vs FRA:I8O: 143.47

Jutal Offshore Oil Services's Days Payable declined from Jun. 2023 (147.05) to Jun. 2024 (134.74). It may suggest that Jutal Offshore Oil Services accelerated paying its suppliers.

Jutal Offshore Oil Services Days Payable Historical Data

The historical data trend for Jutal Offshore Oil 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.

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Jutal Offshore Oil Services Days Payable Chart

Jutal Offshore Oil Services Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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103.86

101.78

174.24

115.14

133.08

Jutal Offshore Oil Services Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Days Payable	Get a 7-Day Free Trial															199.21	147.05	83.41	134.74	161.67

Competitive Comparison of Jutal Offshore Oil Services's Days Payable

For the Oil & Gas Equipment & Services subindustry, Jutal Offshore Oil 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.

Jutal Offshore Oil Services's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Jutal Offshore Oil Services's Days Payable falls into.

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Jutal Offshore Oil 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.

Jutal Offshore Oil Services'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
=	( (67.064	+	89.829)	/	2 )	/	248.686	*	365
=	78.4465					/	248.686	*	365
=	115.14

Jutal Offshore Oil Services's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (89.829	+	83.52)	/	2 )	/	117.395	*	365 / 2
=	86.6745					/	117.395	*	365 / 2
=	134.74

Jutal Offshore Oil Services Days Payable Related Terms

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Jutal Offshore Oil Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Jutal Offshore Oil Services Ltd (FRA:I8O) » Definitions » Days Payable

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JUTOF:USA 03303:Hong Kong

Address

10th Floor, Chiwan Petroleum Building, Shekou, Nanshan District, Shenzhen, CHN, 518068

Website

https://www.jutal.com

Jutal Offshore Oil Services Ltd is an investment holding company. The company's operating segments include Fabrication of facilities and provision of integrated services for oil and gas industries, Fabrication of facilities and provision of integrated services for new energy and refining and chemical industries, and Others. It generates maximum revenue from the Fabrication of facilities and provision of integrated services for oil and gas industries segment. Geographically, it derives a majority of revenue from the United States and also has an international presence.

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