Petro Welt Technologies AG (FRA:O2C) Days Payable : 18.63 (As of Jun. 2023)

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What is Petro Welt Technologies AG Days Payable?

Petro Welt Technologies AG's average Accounts Payable for the three months ended in Jun. 2023 was €0.76 Mil. Petro Welt Technologies AG's Cost of Goods Sold for the three months ended in Jun. 2023 was €3.73 Mil. Hence, Petro Welt Technologies AG's Days Payable for the three months ended in Jun. 2023 was 18.63.

The historical rank and industry rank for Petro Welt Technologies AG's Days Payable or its related term are showing as below:

FRA:O2C' s Days Payable Range Over the Past 10 Years
Min: 43.48 Med: 56.87 Max: 2239.11
Current: 1121.36

During the past 13 years, Petro Welt Technologies AG's highest Days Payable was 2239.11. The lowest was 43.48. And the median was 56.87.

FRA:O2C's Days Payable is not ranked
in the Oil & Gas industry.
Industry Median: 61.06 vs FRA:O2C: 1121.36

Petro Welt Technologies AG's Days Payable increased from Mar. 2022 (0.00) to Jun. 2023 (18.63). It may suggest that Petro Welt Technologies AG delayed paying its suppliers.

Petro Welt Technologies AG Days Payable Historical Data

The historical data trend for Petro Welt Technologies AG'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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Petro Welt Technologies AG Days Payable Chart

Petro Welt Technologies AG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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58.89

54.06

64.77

2,239.11

747.84

Petro Welt Technologies AG Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23
Days Payable	Get a 7-Day Free Trial															-	2,573.67	-	-	18.63

Competitive Comparison of Petro Welt Technologies AG's Days Payable

For the Oil & Gas Equipment & Services subindustry, Petro Welt Technologies AG'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.

Petro Welt Technologies AG's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Petro Welt Technologies AG's Days Payable falls into.

Petro Welt Technologies AG 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.

Petro Welt Technologies AG'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
=	( (35.581	+	1.819)	/	2 )	/	9.127	*	365
=	18.7					/	9.127	*	365
=	747.84

Petro Welt Technologies AG's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.874	+	0.65)	/	2 )	/	3.732	*	365 / 4
=	0.762					/	3.732	*	365 / 4
=	18.63

Petro Welt Technologies AG Days Payable Related Terms

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Petro Welt Technologies AG (FRA:O2C) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petro Welt Technologies AG (FRA:O2C) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Karntner Ring 11-13, Vienna, AUT, 1010

Website

https://www.pewete.com

Petro Welt Technologies AG is a service provider of oilfield services in Russia & Kazakhstan. The operating segment of the company is Well Services & Stimulation, Drilling, Sidetracking, Integrated Project Management (IPM), and Proppant Manufacturing. The Well Services & Stimulation segment comprises hydraulic fracturing, cementing, & coiled tubing, with a focus on hydraulic fracturing, a method of well stimulation. The Drilling, Sidetracking, & IPM segment encompasses conventional drilling, sidetrack drilling, & IPM. The Proppant Manufacturing segment offers goods for the oil & natural gas industry & manufactures different kinds of Proppant in Kopeysk, Russia. The majority is from the Well Services and Stimulation segment. Geographically, key revenue is from Russia.

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