Essar Energy (LSE:ESSR) Days Payable : 29.96 (As of Mar. 2013)

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What is Essar Energy Days Payable?

Essar Energy's average Accounts Payable for the six months ended in Mar. 2013 was £1,423 Mil. Essar Energy's Cost of Goods Sold for the six months ended in Mar. 2013 was £17,330 Mil. Hence, Essar Energy's Days Payable for the six months ended in Mar. 2013 was 14.98.

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

LSE:ESSR' s Days Payable Range Over the Past 10 Years
Min: 0 Med: 0 Max: 40.75
Current: 40.75

During the past 3 years, Essar Energy's highest Days Payable was 40.75. The lowest was 0.00. And the median was 0.00.

LSE:ESSR's Days Payable is not ranked
in the Oil & Gas industry.
Industry Median: 60.58 vs LSE:ESSR: 40.75

Essar Energy's Days Payable declined from Dec. 2009 (125.89) to Mar. 2013 (29.96). It may suggest that Essar Energy accelerated paying its suppliers.

Essar Energy Days Payable Historical Data

The historical data trend for Essar 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.

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Essar Energy Days Payable Chart

Essar Energy Annual Data

Trend

Dec09

Dec10

Mar13

Days Payable

125.89

72.16

29.96

Essar Energy Semi-Annual Data
	Dec09	Dec10	Mar13
Days Payable	125.89	72.16	29.96

Competitive Comparison of Essar Energy's Days Payable

For the Oil & Gas Refining & Marketing subindustry, Essar 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.

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

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

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

Essar 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.

Essar Energy's Days Payable for the fiscal year that ended in Mar. 2013 is calculated as

	Days Payable (A: Mar. 2013 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2010 )	+	Accounts Payable (A: Mar. 2013 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2013 )	*	Days in Period
=	( (984.768	+	1860.71)	/	2 )	/	17330.289	*	365
=	1422.739					/	17330.289	*	365
=	29.96

Essar Energy's Days Payable for the quarter that ended in Mar. 2013 is calculated as:

	Days Payable (Q: Mar. 2013 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2010 )	+	Accounts Payable (Q: Mar. 2013 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2013 )	*	Days in Period
=	( (984.768	+	1860.71)	/	2 )	/	17330.289	*	365 / 2
=	1422.739					/	17330.289	*	365 / 2
=	14.98

Essar Energy Days Payable Related Terms

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Essar Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Essar Energy PLC (LSE:ESSR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.essarenergy.com

Essar Energy plc is incorporated in United Kingdom. It is a holding company. The business activities of the Group of which it is the parent are those of an India-focused energy company with assets across the power and oil and gas industries. The Group comprises four operating divisions are Refining and Marketing India, Refining and Marketing UK, Exploration and Production, Power Generation and Transmission. Refining and Marketing India owns a petroleum refinery on the west coast of India, together with a 50% interest in a petroleum refinery in Kenya, and oil retailing stations on franchise across India. Its products are high speed diesel, motor spirit, fuel oil and superior kerosene oil. The activities of Refining and Marketing include the refining of crude oil and trading, marketing and transportation of finished products and by-products. Refining and Marketing UK products include high speed diesel, motor spirit, fuel oil and superior kerosene oil. The activities of Refining and Marketing include the refining of crude oil and trading, marketing and transportation of finished products and by-products. Exploration and Production has a diverse portfolio of 15 blocks for the exploration and production of oil and gas in India, Indonesia, Madagascar, Nigeria and Vietnam. Power segment operates gas and liquid fuel-based power plants in India and Canada together with a number of mining assets. Corporate comprises Essar Energy plc and its subsidiary companies that provide services to the Group as a whole.

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