Nostrum Oil & Gas (LSE:NOG) Days Payable : 55.39 (As of Sep. 2024)

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What is Nostrum Oil & Gas Days Payable?

Nostrum Oil & Gas's average Accounts Payable for the three months ended in Sep. 2024 was £9.1 Mil. Nostrum Oil & Gas's Cost of Goods Sold for the three months ended in Sep. 2024 was £15.0 Mil. Hence, Nostrum Oil & Gas's Days Payable for the three months ended in Sep. 2024 was 55.39.

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

LSE:NOG' s Days Payable Range Over the Past 10 Years
Min: 34.92 Med: 82.39 Max: 117.76
Current: 57.41

During the past 13 years, Nostrum Oil & Gas's highest Days Payable was 117.76. The lowest was 34.92. And the median was 82.39.

LSE:NOG's Days Payable is ranked worse than
51.26% of 870 companies
in the Oil & Gas industry
Industry Median: 59.815 vs LSE:NOG: 57.41

Nostrum Oil & Gas's Days Payable increased from Sep. 2023 (43.85) to Sep. 2024 (55.39). It may suggest that Nostrum Oil & Gas delayed paying its suppliers.

Nostrum Oil & Gas Days Payable Historical Data

The historical data trend for Nostrum Oil & Gas'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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Nostrum Oil & Gas Days Payable Chart

Nostrum Oil & Gas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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87.41

50.78

34.92

38.26

49.25

Nostrum Oil & Gas Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															43.85	49.06	65.70	65.67	55.39

Competitive Comparison of Nostrum Oil & Gas's Days Payable

For the Oil & Gas Integrated subindustry, Nostrum Oil & Gas'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.

Nostrum Oil & Gas's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Nostrum Oil & Gas's Days Payable falls into.

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Nostrum Oil & Gas 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.

Nostrum Oil & Gas's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (8.152	+	8.399)	/	2 )	/	61.326	*	365
=	8.2755					/	61.326	*	365
=	49.25

Nostrum Oil & Gas's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (9.288	+	8.943)	/	2 )	/	15.018	*	365 / 4
=	9.1155					/	15.018	*	365 / 4
=	55.39

Nostrum Oil & Gas Days Payable Related Terms

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Nostrum Oil & Gas Business Description

Industry

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NOGl:UK

Address

20 Eastbourne Terrace, London, GBR, W2 6LG

Website

https://www.nog.co.uk

Nostrum Oil & Gas PLC is engaged in the production, development, and exploration of oil and gas in Kazakhstan. It provides the market with crude oil, stabilized liquid condensate, liquefied petroleum gas, and dry gas. Majority of the company's production is derived from licensed assets in the pre-Caspian basin that can be found in western Kazakhstan. In addition to handling the production of its oil assets, Nostrum handles marketing and transportation. It has a network of pipelines and terminals that help ship products to a variety of end markets. The company's client base includes a host of international customers.