HZNFF (Horizon Oil) Days Payable : 62.49 (As of Jun. 2024)

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What is Horizon Oil Days Payable?

Horizon Oil's average Accounts Payable for the six months ended in Jun. 2024 was $7.0 Mil. Horizon Oil's Cost of Goods Sold for the six months ended in Jun. 2024 was $20.6 Mil. Hence, Horizon Oil's Days Payable for the six months ended in Jun. 2024 was 62.49.

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

HZNFF' s Days Payable Range Over the Past 10 Years
Min: 2.09 Med: 13.16 Max: 31.03
Current: 31.03

During the past 13 years, Horizon Oil's highest Days Payable was 31.03. The lowest was 2.09. And the median was 13.16.

HZNFF's Days Payable is ranked worse than
74.66% of 880 companies
in the Oil & Gas industry
Industry Median: 60.01 vs HZNFF: 31.03

Horizon Oil's Days Payable declined from Jun. 2023 (73.78) to Jun. 2024 (62.49). It may suggest that Horizon Oil accelerated paying its suppliers.

Horizon Oil Days Payable Historical Data

The historical data trend for Horizon Oil'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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Horizon Oil Days Payable Chart

Horizon Oil Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Days Payable

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5.10

14.61

11.48

2.16

3.97

Horizon Oil Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial															38.29	67.94	73.78	34.09	62.49

Competitive Comparison of Horizon Oil's Days Payable

For the Oil & Gas E&P subindustry, Horizon Oil'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.

Horizon Oil's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Horizon Oil's Days Payable falls into.

Horizon Oil 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.

Horizon Oil's Days Payable for the fiscal year that ended in Jun. 2024 is calculated as

	Days Payable (A: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2023 )	+	Accounts Payable (A: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2024 )	*	Days in Period
=	( (0.337	+	1.033)	/	2 )	/	62.909	*	365
=	0.685					/	62.909	*	365
=	3.97

Horizon Oil's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (13.053	+	1.033)	/	2 )	/	20.57	*	365 / 2
=	7.043					/	20.57	*	365 / 2
=	62.49

Horizon Oil Days Payable Related Terms

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Horizon Oil Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Horizon Oil Ltd (OTCPK:HZNFF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

HOJ:Germany HZN:Australia

Address

360 Kent Street, Level 4, Sydney, NSW, AUS, 2000

Website

https://horizonoil.com.au

Horizon Oil Ltd is engaged in exploration, development, production and sale of crude oil. The company operates in three segments: China development, New Zealand development and Australia development. It generates key revenue from China development segment which is involved in developing and producing crude oil from the Block 22/12-WZ6-12, WZ12-8W and WZ12-8E oil field developments and in the exploration and evaluation of hydrocarbons within Block 22/12.