PJSC Lukoil (LSE:31KX) Days Payable: 103.65 (As of Sep. 2023) — 196% Above Median


What is PJSC Lukoil Days Payable?

PJSC Lukoil LSE:31KX 17 Days Payable is 103.65 as of Sep. 2023, which is 196% above its 10-year median of 35.05. GuruFocus rates LSE:31KX with a GF Score™ of 17/100. The stock has 6 warning signs investors should review.

PJSC Lukoil's average Accounts Payable for the three months ended in Sep. 2023 was £5,744.36 Mil. PJSC Lukoil's Cost of Goods Sold for the three months ended in Sep. 2023 was £5,057.18 Mil. Hence, PJSC Lukoil's Days Payable for the three months ended in Sep. 2023 was 103.65.

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

LSE:31KX' s Days Payable Range Over the Past 10 Years
Min: 29.38   Med: 35.05   Max: 72.99
Current: 101.22

During the past 13 years, PJSC Lukoil's highest Days Payable was 72.99. The lowest was 29.38. And the median was 35.05.

LSE:31KX's Days Payable is not ranked
in the Oil & Gas industry.
Industry Median: 57.73 vs LSE:31KX: 101.22

PJSC Lukoil's Days Payable increased from Sep. 2022 (71.34) to Sep. 2023 (103.65). It may suggest that PJSC Lukoil delayed paying its suppliers.


PJSC Lukoil Days Payable Historical Data

* Premium members only.

The historical data trend for PJSC Lukoil'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.

PJSC Lukoil Days Payable Chart

PJSC Lukoil Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.99 36.36 38.46 52.71 64.24

PJSC Lukoil Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 71.34 88.54 118.32 108.77 103.65

LSE:31KX vs XOM, CVX: Days Payable Comparison

For the Oil & Gas Integrated subindustry, PJSC Lukoil'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.


PJSC Lukoil Days Payable vs Oil & Gas Industry

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

* The bar in red indicates where PJSC Lukoil's Days Payable falls into.



PJSC Lukoil 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.

PJSC Lukoil's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

Days Payable (A: Dec. 2022 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2021 ) + Accounts Payable (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (3600.713 + 4828.519) / 2 ) / 23946.237*365
=4214.616 / 23946.237*365
=64.24

PJSC Lukoil's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

Days Payable (Q: Sep. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2023 ) + Accounts Payable (Q: Sep. 2023 )) / count ) / Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=( (5250.289 + 6238.433) / 2 ) / 5057.175*365 / 4
=5744.361 / 5057.175*365 / 4
=103.65

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 103.65 mean?
PJSC Lukoil (LSE:31KX) has a Days Payable of 103.65 as of Sep. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on PJSC Lukoil and its competitors. This is 196% above median its historical median of 35.05. Over the past decade, PJSC Lukoil's Days Payable has ranged from 29.38 to 72.99.
Is PJSC Lukoil's Days Payable too high?
PJSC Lukoil's current Days Payable of 103.65 is 196% above median its 10-year median of 35.05. Over the past 10 years, this metric has ranged from a low of 29.38 to a high of 72.99. The Oil & Gas industry median Days Payable is 57.73. PJSC Lukoil's value of 103.65 is 79.5% above this industry median. Overall, PJSC Lukoil has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does PJSC Lukoil's Days Payable compare to XOM and CVX?
PJSC Lukoil's Days Payable of 103.65 can be compared against companies in the Oil & Gas industry. The industry median Days Payable is 57.73. PJSC Lukoil's value of 103.65 is 79.5% above this benchmark. Historically, PJSC Lukoil's own Days Payable has ranged from 29.38 to 72.99 over the past decade. While the company's 10-year median is 35.05 vs. the industry median of 57.73, PJSC Lukoil has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for an Oil & Gas company?
The median Days Payable among Oil & Gas companies is 57.73, based on 853 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PJSC Lukoil's current Days Payable of 103.65 is 79.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on PJSC Lukoil and its competitors. For the Oil & Gas industry, the median Days Payable is 57.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PJSC Lukoil's current Days Payable is 103.65, which is 196% above median its own 10-year median of 35.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PJSC Lukoil stock overvalued right now?
PJSC Lukoil (LSE:31KX) has a current Days Payable of 103.65. The current Days Payable is 103.65, which is 196% above median its 10-year median of 35.05 and 79.5% above the Oil & Gas industry median of 57.73. PJSC Lukoil's overall GF Score™ is 17/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For PJSC Lukoil (LSE:31KX), the current Days Payable is 103.65 as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

PJSC Lukoil Business Description

Industry EnergyOil & Gas
Address 11, Sretensky Boulevard, Moscow, RUS, 101000
PJSC Lukoil directs the financial decisions and operations of the main group's subsidiaries. Altogether, Lukoil is an integrated oil company that has exposure to the entire range of activities in the oil and gas cycle from exploration to sales of refined products. Exploration and production activities are conducted with assets located in Russia, Iraq, and Uzbekistan, on offshore and onshore fields. Lukoil brings an array of petroleum products to the market through its refinery unit, including gasoline, medium distillates, dark petroleum products, lubricants, and other related products. Russia constitutes a significant portion of the group's distribution network; however, its products penetrate a number of different markets in Europe and the Americas.