Max Petroleum (LSE:MXP) Days Payable: 125.43 (As of Sep. 2014)


What is Max Petroleum Days Payable?

Max Petroleum LSE:MXP Days Payable is 125.43 as of Sep. 2014. The stock has 6 warning signs investors should review.

Max Petroleum's average Accounts Payable for the six months ended in Sep. 2014 was £15.85 Mil. Max Petroleum's Cost of Goods Sold for the six months ended in Sep. 2014 was £23.07 Mil. Hence, Max Petroleum's Days Payable for the six months ended in Sep. 2014 was 125.43.

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

LSE:MXP' s Days Payable Range Over the Past 10 Years
Min: 0   Med: 0   Max: 198.89
Current: 198.89

During the past 9 years, Max Petroleum's highest Days Payable was 198.89. The lowest was 0.00. And the median was 0.00.

LSE:MXP's Days Payable is not ranked
in the Oil & Gas industry.
Industry Median: 57.95 vs LSE:MXP: 198.89

Max Petroleum's Days Payable increased from Sep. 2013 (18.78) to Sep. 2014 (125.43). It may suggest that Max Petroleum delayed paying its suppliers.

Max Petroleum Days Payable Historical Data

* Premium members only.

The historical data trend for Max Petroleum'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.

Max Petroleum Days Payable Chart

Max Petroleum Annual Data
Trend Mar06 Mar07 Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14
Days Payable
Get a 7-Day Free Trial Premium Member Only 29.60 31.74 103.81 46.76 29.93

Max Petroleum Semi-Annual Data
Sep06 Mar07 Sep07 Mar08 Sep08 Mar09 Sep09 Mar10 Sep10 Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14
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 77.72 19.61 18.78 39.31 125.43

Max Petroleum Days Payable Competitor Comparison

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

Max Petroleum Days Payable vs Oil & Gas Industry

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

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


Max Petroleum 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.

Max Petroleum's Days Payable for the fiscal year that ended in Mar. 2014 is calculated as

Days Payable (A: Mar. 2014 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2013 ) + Accounts Payable (A: Mar. 2014 )) / count ) / Cost of Goods Sold (A: Mar. 2014 )*Days in Period
=( (2.441 + 5.345) / 2 ) / 47.483*365
=3.893 / 47.483*365
=29.93

Max Petroleum's Days Payable for the quarter that ended in Sep. 2014 is calculated as:

Days Payable (Q: Sep. 2014 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2014 ) + Accounts Payable (Q: Sep. 2014 )) / count ) / Cost of Goods Sold (Q: Sep. 2014 )*Days in Period
=( (5.345 + 26.362) / 2 ) / 23.066*365 / 2
=15.8535 / 23.066*365 / 2
=125.43

* 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 125.43 mean?
Max Petroleum (LSE:MXP) has a Days Payable of 125.43 as of Sep. 2014. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Max Petroleum and its competitors.
Is Max Petroleum's Days Payable too high?
Max Petroleum's current Days Payable is 125.43. The Oil & Gas industry median Days Payable is 57.95. Max Petroleum's value of 125.43 is 116.4% above this industry median.
How does Max Petroleum's Days Payable compare to competitors?
Max Petroleum's Days Payable of 125.43 can be compared against companies in the Oil & Gas industry. The industry median Days Payable is 57.95. Max Petroleum's value of 125.43 is 116.4% above 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 57.95, based on 851 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. Max Petroleum's current Days Payable of 125.43 is 116.4% 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 Max Petroleum and its competitors. For the Oil & Gas industry, the median Days Payable is 57.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Max Petroleum's current Days Payable is 125.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Max Petroleum stock overvalued right now?
Max Petroleum (LSE:MXP) has a current Days Payable of 125.43. The current Days Payable is 125.43 and 116.4% above the Oil & Gas industry median of 57.95. 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 Max Petroleum (LSE:MXP), the current Days Payable is 125.43 as of Sep. 2014. 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.

Max Petroleum Business Description

Industry EnergyOil & Gas
Address 4th Floor, Ergon House, Dean Bradley Street, London, GBR, SW1P 2AL
Max Petroleum Plc is an independent oil and gas exploration and production company. The company is engaged in the business of exploration, development, and production of oil and gas assets within the Republic of Kazakhstan. The group owns the exploration and production rights to the Blocks A&E License, which comprises two onshore blocks extending over 12,455 km2 in the Pre-Caspian Basin in Western Kazakhstan.