Petro Rio (Petro Rio) Days Payable : 84.39 (As of Dec. 2023)

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What is Petro Rio Days Payable?

Petro Rio's average Accounts Payable for the three months ended in Dec. 2023 was $150 Mil. Petro Rio's Cost of Goods Sold for the three months ended in Dec. 2023 was $162 Mil. Hence, Petro Rio's Days Payable for the three months ended in Dec. 2023 was 84.39.

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

HRTPY' s Days Payable Range Over the Past 10 Years
Min: 31.15 Med: 50.14 Max: 74.35
Current: 58.48

During the past 13 years, Petro Rio's highest Days Payable was 74.35. The lowest was 31.15. And the median was 50.14.

HRTPY's Days Payable is ranked worse than
50.72% of 901 companies
in the Oil & Gas industry
Industry Median: 59.19 vs HRTPY: 58.48

Petro Rio's Days Payable declined from Dec. 2022 (109.64) to Dec. 2023 (84.39). It may suggest that Petro Rio accelerated paying its suppliers.

Petro Rio Days Payable Historical Data

The historical data trend for Petro Rio'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.

* Premium members only.

Petro Rio Days Payable Chart

Petro Rio Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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31.96

49.10

53.55

72.52

58.60

Petro Rio Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															109.64	54.25	71.53	39.49	84.39

Competitive Comparison of Petro Rio's Days Payable

For the Oil & Gas E&P subindustry, Petro Rio'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 Rio's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Petro Rio's Days Payable falls into.

Petro Rio 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 Rio'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
=	( (107.89	+	170.37)	/	2 )	/	866.594	*	365
=	139.13					/	866.594	*	365
=	58.60

Petro Rio's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (129.191	+	170.37)	/	2 )	/	161.962	*	365 / 4
=	149.7805					/	161.962	*	365 / 4
=	84.39

Petro Rio Days Payable Related Terms

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Petro Rio (Petro Rio) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petro Rio SA (OTCPK:HRTPY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PTRRY:USA PRIO3:Brazil

Address

Praia de Botafogo, 370, 13th Floor, Botafogo, Rio de Janeiro, RJ, BRA

Website

https://www.prio3.com.br

PRIO SA is engaged in the exploration and production of oil and gas in Brazil and abroad. The company is engaged in oil and gas exploration and production in Brazil and overseas. Its exploration assets comprise Hammer shark field, Octopus field, Campo de Frade, East Albacora field, and Wahoo block.

Petro Rio (Petro Rio) Headlines

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