Mari Petroleum Co (KAR:MARI) Days Payable : 44.16 (As of Sep. 2024)

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What is Mari Petroleum Co Days Payable?

Mari Petroleum Co's average Accounts Payable for the three months ended in Sep. 2024 was ₨2,672 Mil. Mari Petroleum Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ₨5,522 Mil. Hence, Mari Petroleum Co's Days Payable for the three months ended in Sep. 2024 was 44.16.

The historical rank and industry rank for Mari Petroleum Co's Days Payable or its related term are showing as below:

KAR:MARI' s Days Payable Range Over the Past 10 Years
Min: 22.72 Med: 58.33 Max: 255.45
Current: 23.69

During the past 13 years, Mari Petroleum Co's highest Days Payable was 255.45. The lowest was 22.72. And the median was 58.33.

KAR:MARI's Days Payable is ranked worse than
83.73% of 879 companies
in the Oil & Gas industry
Industry Median: 60.34 vs KAR:MARI: 23.69

Mari Petroleum Co's Days Payable increased from Sep. 2023 (33.40) to Sep. 2024 (44.16). It may suggest that Mari Petroleum Co delayed paying its suppliers.

Mari Petroleum Co Days Payable Historical Data

The historical data trend for Mari Petroleum Co'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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Mari Petroleum Co Days Payable Chart

Mari Petroleum Co Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Days Payable

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209.60

27.95

22.72

24.95

32.15

Mari Petroleum Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															33.40	26.44	22.46	15.25	44.16

Competitive Comparison of Mari Petroleum Co's Days Payable

For the Oil & Gas E&P subindustry, Mari Petroleum Co'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.

Mari Petroleum Co's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Mari Petroleum Co's Days Payable falls into.

Mari Petroleum Co 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.

Mari Petroleum Co'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
=	( (2357.736	+	3276.367)	/	2 )	/	31980.002	*	365
=	2817.0515					/	31980.002	*	365
=	32.15

Mari Petroleum Co's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (3276.367	+	2068.445)	/	2 )	/	5521.601	*	365 / 4
=	2672.406					/	5521.601	*	365 / 4
=	44.16

Mari Petroleum Co Days Payable Related Terms

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Mari Petroleum Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Mari Petroleum Co Ltd (KAR:MARI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

21, Mauve Area, 3rd Road, G-10/4, P.O. Box 1614, Islamabad, PB, PAK, 44000

Website

https://mpcl.com.pk

Mari Petroleum Co Ltd is an exploration and production company. It is principally engaged in the exploration, production, and sale of hydrocarbons. Some of the Blocks in which the company operates are Ziarat, Harnai, Sukkur, Sujawal, Karak, Ghauri, and Peshawar East. The company's segment includes Exploration and Production, Mari Seismic Unit, and Mari Drilling Unit. The majority of the firm's revenue is derived from the Exploration and Production segment which is engaged in all upstream business activities.

Mari Petroleum Co Headlines

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