GMLPF.PFD (Golar LNG Partners LP) Days Payable : 4.58 (As of Dec. 2020)

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What is Golar LNG Partners LP Days Payable?

Golar LNG Partners LP's average Accounts Payable for the three months ended in Dec. 2020 was $1.77 Mil. Golar LNG Partners LP's Cost of Goods Sold for the three months ended in Dec. 2020 was $35.17 Mil. Hence, Golar LNG Partners LP's Days Payable for the three months ended in Dec. 2020 was 4.58.

The historical rank and industry rank for Golar LNG Partners LP's Days Payable or its related term are showing as below:

GMLPF.PFD' s Days Payable Range Over the Past 10 Years
Min: 3.15 Med: 6.92 Max: 10.61
Current: 5.73

During the past 12 years, Golar LNG Partners LP's highest Days Payable was 10.61. The lowest was 3.15. And the median was 6.92.

GMLPF.PFD's Days Payable is not ranked
in the Oil & Gas industry.
Industry Median: 59.88 vs GMLPF.PFD: 5.73

Golar LNG Partners LP's Days Payable declined from Dec. 2019 (6.79) to Dec. 2020 (4.58). It may suggest that Golar LNG Partners LP accelerated paying its suppliers.

Golar LNG Partners LP Days Payable Historical Data

The historical data trend for Golar LNG Partners LP'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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Golar LNG Partners LP Days Payable Chart

Golar LNG Partners LP Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Days Payable

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6.66

6.92

10.80

10.03

5.71

Golar LNG Partners LP Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Days Payable	Get a 7-Day Free Trial															6.79	6.56	-	-	4.58

Competitive Comparison of Golar LNG Partners LP's Days Payable

For the Oil & Gas Midstream subindustry, Golar LNG Partners LP'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.

Golar LNG Partners LP's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Golar LNG Partners LP's Days Payable distribution charts can be found below:

* The bar in red indicates where Golar LNG Partners LP's Days Payable falls into.

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Golar LNG Partners LP 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.

Golar LNG Partners LP's Days Payable for the fiscal year that ended in Dec. 2020 is calculated as

	Days Payable (A: Dec. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2019 )	+	Accounts Payable (A: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2020 )	*	Days in Period
=	( (2.756	+	1.766)	/	2 )	/	144.491	*	365
=	2.261					/	144.491	*	365
=	5.71

Golar LNG Partners LP's Days Payable for the quarter that ended in Dec. 2020 is calculated as:

	Days Payable (Q: Dec. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2020 )	+	Accounts Payable (Q: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2020 )	*	Days in Period
=	( (0	+	1.766)	/	1 )	/	35.167	*	365 / 4
=	1.766					/	35.167	*	365 / 4
=	4.58

Golar LNG Partners LP Days Payable Related Terms

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Golar LNG Partners LP Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Golar LNG Partners LP (OTCPK:GMLPF.PFD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Par-la-Ville Road, 2nd Floor, South East Pearman Building, Hamilton, BMU, HM 11

Website

https://www.golarlngpartners.com

Golar LNG Partners LP owns and operates floating storage regasification units (FSRUs) and liquefied natural gas (LNG) carriers under long-term time charters. The company has three reportable segments: LNG, FSRUs, and FING (floating liquefied natural gas vessel). It generates maximum revenue from the FSRUs segment. Its geographical segments are Brazil, Jordan, Indonesia, Kuwait, and the United Arab Emirates. The company's operational FSRU projects include Golar Spirit, Golar Igloo, Golar Eskimo, Golar Winter, Golar Freeze, and Nusantara Regas Satu.