Tuscany International Drilling, (FRA:TS1) Days Payable : 111.25 (As of Mar. 2014)

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What is Tuscany International Drilling, Days Payable?

Tuscany International Drilling,'s average Accounts Payable for the three months ended in Mar. 2014 was €22.2 Mil. Tuscany International Drilling,'s Cost of Goods Sold for the three months ended in Mar. 2014 was €18.2 Mil. Hence, Tuscany International Drilling,'s Days Payable for the three months ended in Mar. 2014 was 111.25.

The historical rank and industry rank for Tuscany International Drilling,'s Days Payable or its related term are showing as below:

FRA:TS1' s Days Payable Range Over the Past 10 Years
Min: 0 Med: 0 Max: 90.39
Current: 90.39

During the past 5 years, Tuscany International Drilling,'s highest Days Payable was 90.39. The lowest was 0.00. And the median was 0.00.

FRA:TS1's Days Payable is not ranked
in the Oil & Gas industry.
Industry Median: 59.99 vs FRA:TS1: 90.39

Tuscany International Drilling,'s Days Payable declined from Mar. 2013 (112.83) to Mar. 2014 (111.25). It may suggest that Tuscany International Drilling, accelerated paying its suppliers.

Tuscany International Drilling, Days Payable Historical Data

The historical data trend for Tuscany International Drilling,'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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Tuscany International Drilling, Days Payable Chart

Tuscany International Drilling, Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Days Payable

82.08

99.38

Tuscany International Drilling, Quarterly Data
	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14
Days Payable	Get a 7-Day Free Trial															112.83	-	-	88.23	111.25

Competitive Comparison of Tuscany International Drilling,'s Days Payable

For the Oil & Gas Equipment & Services subindustry, Tuscany International Drilling,'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.

Tuscany International Drilling,'s Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Tuscany International Drilling,'s Days Payable falls into.

Tuscany International Drilling, 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.

Tuscany International Drilling,'s Days Payable for the fiscal year that ended in Dec. 2013 is calculated as

	Days Payable (A: Dec. 2013 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2012 )	+	Accounts Payable (A: Dec. 2013 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2013 )	*	Days in Period
=	( (28.48	+	22.226)	/	2 )	/	93.118	*	365
=	25.353					/	93.118	*	365
=	99.38

Tuscany International Drilling,'s Days Payable for the quarter that ended in Mar. 2014 is calculated as:

	Days Payable (Q: Mar. 2014 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2013 )	+	Accounts Payable (Q: Mar. 2014 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2014 )	*	Days in Period
=	( (22.226	+	0)	/	1 )	/	18.231	*	365 / 4
=	22.226					/	18.231	*	365 / 4
=	111.25

Tuscany International Drilling, Days Payable Related Terms

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Tuscany International Drilling, Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tuscany International Drilling, Inc. (FRA:TS1) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.tuscanydrilling.com

Tuscany International Drilling Inc was incorporated on April 6, 2004, pursuant to the provisions of the Business Corporations Act Alberta. The company is a Canadian-based oilfield services company; offering drilling, completion and workover services to the oil and natural gas industry, in South America. It is comprised of 26 owned drilling and workover rigs. It competes directly with various international and local companies in each region in which it operate.

Tuscany International Drilling, Headlines

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