Var Energi ASA (FRA:J4V) Days Payable : 42.59 (As of Sep. 2024)

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What is Var Energi ASA Days Payable?

Var Energi ASA's average Accounts Payable for the three months ended in Sep. 2024 was €319 Mil. Var Energi ASA's Cost of Goods Sold for the three months ended in Sep. 2024 was €684 Mil. Hence, Var Energi ASA's Days Payable for the three months ended in Sep. 2024 was 42.59.

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

FRA:J4V' s Days Payable Range Over the Past 10 Years
Min: 39.63 Med: 52.99 Max: 88.99
Current: 39.63

During the past 6 years, Var Energi ASA's highest Days Payable was 88.99. The lowest was 39.63. And the median was 52.99.

FRA:J4V's Days Payable is ranked worse than
66.78% of 879 companies
in the Oil & Gas industry
Industry Median: 60.34 vs FRA:J4V: 39.63

Var Energi ASA's Days Payable increased from Sep. 2023 (39.68) to Sep. 2024 (42.59). It may suggest that Var Energi ASA delayed paying its suppliers.

Var Energi ASA Days Payable Historical Data

The historical data trend for Var Energi ASA'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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Var Energi ASA Days Payable Chart

Var Energi ASA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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87.90

91.55

42.13

53.84

50.50

Var Energi ASA Quarterly Data
	Dec19	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													39.68	39.95	38.55	42.46	42.59

Competitive Comparison of Var Energi ASA's Days Payable

For the Oil & Gas E&P subindustry, Var Energi ASA'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.

Var Energi ASA's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Var Energi ASA's Days Payable falls into.

Var Energi ASA 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.

Var Energi ASA'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
=	( (347.948	+	301.648)	/	2 )	/	2347.774	*	365
=	324.798					/	2347.774	*	365
=	50.50

Var Energi ASA'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
=	( (344.052	+	294.703)	/	2 )	/	684.27	*	365 / 4
=	319.3775					/	684.27	*	365 / 4
=	42.59

Var Energi ASA Days Payable Related Terms

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Var Energi ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Var Energi ASA (FRA:J4V) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

VARRY:USA VARo:Sweden VAR:Norway VARo:UK

Address

Vestre Svanholmen 1, Sandnes, NOR, 4313

Website

https://www.varenergi.no

Var Energi ASA independent upstream oil and gas company on the Norwegian continental shelf. It operates within the geographical area of Norway and the business is entirely related to the exploration for and production of petroleum in Norway. Revenues are mainly related to the sale of oil, gas, and NGL.

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