Ithaca Energy (LSE:ITH) Days Payable : 70.44 (As of Dec. 2024)

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What is Ithaca Energy Days Payable?

Ithaca Energy's average Accounts Payable for the three months ended in Dec. 2024 was £193 Mil. Ithaca Energy's Cost of Goods Sold for the three months ended in Dec. 2024 was £250 Mil. Hence, Ithaca Energy's Days Payable for the three months ended in Dec. 2024 was 70.44.

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

LSE:ITH' s Days Payable Range Over the Past 10 Years
Min: 3.73 Med: 7.99 Max: 95.9
Current: 95.9

During the past 6 years, Ithaca Energy's highest Days Payable was 95.90. The lowest was 3.73. And the median was 7.99.

LSE:ITH's Days Payable is ranked better than
65.4% of 870 companies
in the Oil & Gas industry
Industry Median: 59.815 vs LSE:ITH: 95.90

Ithaca Energy's Days Payable declined from Dec. 2023 (82.03) to Dec. 2024 (70.44). It may suggest that Ithaca Energy accelerated paying its suppliers.

Ithaca Energy Days Payable Historical Data

The historical data trend for Ithaca 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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Ithaca Energy Days Payable Chart

Ithaca Energy Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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9.63

6.53

3.73

6.94

9.04

Ithaca Energy Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial										82.03	86.25	167.12	157.14	70.44

Competitive Comparison of Ithaca Energy's Days Payable

For the Oil & Gas E&P subindustry, Ithaca 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.

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

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

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

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Ithaca 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.

Ithaca Energy's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (27.302	+	17.331)	/	2 )	/	901.459	*	365
=	22.3165					/	901.459	*	365
=	9.04

Ithaca Energy's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (368.326	+	17.331)	/	2 )	/	249.792	*	365 / 4
=	192.8285					/	249.792	*	365 / 4
=	70.44

Ithaca Energy Days Payable Related Terms

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Ithaca Energy Business Description

Industry

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ITHl:UK XE3:Germany

Address

33 Cavendish Square, London, GBR, W1G 0PP

Website

https://www.ithacaenergy.com

Ithaca Energy PLC is engaged in the production and development of oil and gas properties. The company's assets are located in the Northern and Central North Sea, West of Shetland and Moray Firth areas of the UK Continental Shelf.

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