Indonesia Energy (Indonesia Energy) Days Payable : 97.19 (As of Dec. 2023)

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What is Indonesia Energy Days Payable?

Indonesia Energy's average Accounts Payable for the six months ended in Dec. 2023 was $0.76 Mil. Indonesia Energy's Cost of Goods Sold for the six months ended in Dec. 2023 was $1.43 Mil. Hence, Indonesia Energy's Days Payable for the six months ended in Dec. 2023 was 97.19.

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

INDO' s Days Payable Range Over the Past 10 Years
Min: 73.59 Med: 105.87 Max: 118.54
Current: 74.63

During the past 7 years, Indonesia Energy's highest Days Payable was 118.54. The lowest was 73.59. And the median was 105.87.

INDO's Days Payable is ranked better than
56.44% of 900 companies
in the Oil & Gas industry
Industry Median: 60.89 vs INDO: 74.63

Indonesia Energy's Days Payable increased from Dec. 2022 (57.38) to Dec. 2023 (97.19). It may suggest that Indonesia Energy delayed paying its suppliers.

Indonesia Energy Days Payable Historical Data

The historical data trend for Indonesia Energy'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.

Indonesia Energy Days Payable Chart

Indonesia Energy Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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105.87

98.00

118.54

103.58

73.59

Indonesia Energy Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial								102.59	107.03	57.38	60.97	97.19

Competitive Comparison of Indonesia Energy's Days Payable

For the Oil & Gas E&P subindustry, Indonesia Energy'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.

Indonesia Energy's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Indonesia Energy's Days Payable falls into.

Indonesia Energy 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.

Indonesia Energy'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
=	( (0.719	+	0.754)	/	2 )	/	3.653	*	365
=	0.7365					/	3.653	*	365
=	73.59

Indonesia Energy'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.767	+	0.754)	/	2 )	/	1.428	*	365 / 2
=	0.7605					/	1.428	*	365 / 2
=	97.19

Indonesia Energy Days Payable Related Terms

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Indonesia Energy (Indonesia Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Indonesia Energy Corp Ltd (AMEX:INDO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Raya Pasar Minggu No. 17A, Gedung Graha Anugerah, Kelurahan Pancoran, Kecamatan Pancoran, Jakarta Selatan, Jakarta, IDN, 12780

Website

https://www.indo-energy.com

Indonesia Energy Corp Ltd is an oil and gas exploration and production company focused on Indonesia. Its portfolio consists of Kruh Block and Citarum Block. The company generates its revenue from oil and gas sales.