Europa Oil & Gas (Holdings) (LSE:EOG) Days Payable: 24.23 (As of Jul. 2024)


What is Europa Oil & Gas (Holdings) Days Payable?

Europa Oil & Gas (Holdings) LSE:EOG -5.56% Days Payable is 24.23 as of Jul. 2024.

Europa Oil & Gas (Holdings)'s average Accounts Payable for the six months ended in Jul. 2024 was £0.23 Mil. Europa Oil & Gas (Holdings)'s Cost of Goods Sold for the six months ended in Jul. 2024 was £1.75 Mil. Hence, Europa Oil & Gas (Holdings)'s Days Payable for the six months ended in Jul. 2024 was 24.23.

The historical rank and industry rank for Europa Oil & Gas (Holdings)'s Days Payable or its related term are showing as below:

LSE:EOG's Days Payable is not ranked *
in the Oil & Gas industry.
Industry Median: 57.73
* Ranked among companies with meaningful Days Payable only.

Europa Oil & Gas (Holdings)'s Days Payable declined from Jul. 2023 (167.81) to Jul. 2024 (24.23). It may suggest that Europa Oil & Gas (Holdings) accelerated paying its suppliers.

Europa Oil & Gas (Holdings) Days Payable Historical Data

* Premium members only.

The historical data trend for Europa Oil & Gas (Holdings)'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.

Europa Oil & Gas (Holdings) Days Payable Chart

Europa Oil & Gas (Holdings) Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 151.89 214.79 91.63 94.18 32.79

Europa Oil & Gas (Holdings) Semi-Annual Data
Jan15 Jul15 Jan16 Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24
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 70.29 120.20 167.81 45.71 24.23

LSE:EOG vs COP, EOG, FANG: Days Payable Comparison

For the Oil & Gas E&P subindustry, Europa Oil & Gas (Holdings)'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.

Europa Oil & Gas (Holdings) Days Payable vs Oil & Gas Industry

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

* The bar in red indicates where Europa Oil & Gas (Holdings)'s Days Payable falls into.


Europa Oil & Gas (Holdings) 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.

Europa Oil & Gas (Holdings)'s Days Payable for the fiscal year that ended in Jul. 2024 is calculated as

Days Payable (A: Jul. 2024 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Jul. 2023 ) + Accounts Payable (A: Jul. 2024 )) / count ) / Cost of Goods Sold (A: Jul. 2024 )*Days in Period
=( (0.454 + 0.14) / 2 ) / 3.306*365
=0.297 / 3.306*365
=32.79

Europa Oil & Gas (Holdings)'s Days Payable for the quarter that ended in Jul. 2024 is calculated as:

Days Payable (Q: Jul. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jan. 2024 ) + Accounts Payable (Q: Jul. 2024 )) / count ) / Cost of Goods Sold (Q: Jul. 2024 )*Days in Period
=( (0.325 + 0.14) / 2 ) / 1.751*365 / 2
=0.2325 / 1.751*365 / 2
=24.23

* 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 24.23 mean?
Europa Oil & Gas (Holdings) (LSE:EOG) has a Days Payable of 24.23 as of Jul. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Europa Oil & Gas (Holdings) and its competitors.
Is Europa Oil & Gas (Holdings)'s Days Payable too high?
Europa Oil & Gas (Holdings)'s current Days Payable is 24.23. The Oil & Gas industry median Days Payable is 57.73. Europa Oil & Gas (Holdings)'s value of 24.23 is 58% below this industry median.
How does Europa Oil & Gas (Holdings)'s Days Payable compare to COP and EOG?
Europa Oil & Gas (Holdings)'s Days Payable of 24.23 can be compared against companies in the Oil & Gas industry. The industry median Days Payable is 57.73. Europa Oil & Gas (Holdings)'s value of 24.23 is 58% below this benchmark. 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. Europa Oil & Gas (Holdings)'s current Days Payable of 24.23 is 58% below 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 Europa Oil & Gas (Holdings) 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. Europa Oil & Gas (Holdings)'s current Days Payable is 24.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Europa Oil & Gas (Holdings) stock overvalued right now?
Europa Oil & Gas (Holdings) (LSE:EOG) has a current Days Payable of 24.23. The current Days Payable is 24.23 and 58% below the Oil & Gas industry median of 57.73. 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 Europa Oil & Gas (Holdings) (LSE:EOG), the current Days Payable is 24.23 as of Jul. 2024. 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.

Europa Oil & Gas (Holdings) Business Description

Industry EnergyOil & Gas
Address 54 Charlotte Street, London, GBR, W1T 2NS
Europa Oil & Gas (Holdings) PLC is an oil and gas exploration, development, and production company. It is focused on developing a balanced portfolio of assets in the North Sea, Atlantic Ireland, and West Africa, supported by revenue from onshore oil production in the United Kingdom. The company holds interests in the Broughton North prospect, West Firsby and Crosby Warren fields, Wressle-1 well, and Whisby W4 well. In the Irish Atlantic region, it considers the Inishkea prospect in the Slyne basin and near the Corrib gasfield as its flagship project in Ireland. The company has also acquired interest in the Block EG-08 offshore in the Douala Basin of Equatorial Guinea. Its reportable segments are the United Kingdom which derives key revenue, Ireland, and West Africa.