Parkmead Group (The) (LSE:PMG) Days Payable : 226.04 (As of Dec. 2023)

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What is Parkmead Group (The) Days Payable?

Parkmead Group (The)'s average Accounts Payable for the six months ended in Dec. 2023 was £1.90 Mil. Parkmead Group (The)'s Cost of Goods Sold for the six months ended in Dec. 2023 was £1.53 Mil. Hence, Parkmead Group (The)'s Days Payable for the six months ended in Dec. 2023 was 226.04.

The historical rank and industry rank for Parkmead Group (The)'s Days Payable or its related term are showing as below:

LSE:PMG' s Days Payable Range Over the Past 10 Years
Min: 10.66 Med: 65.08 Max: 722.01
Current: 722.01

During the past 13 years, Parkmead Group (The)'s highest Days Payable was 722.01. The lowest was 10.66. And the median was 65.08.

LSE:PMG's Days Payable is ranked better than
93.44% of 899 companies
in the Oil & Gas industry
Industry Median: 61.41 vs LSE:PMG: 722.01

Parkmead Group (The)'s Days Payable declined from Dec. 2022 (758.66) to Dec. 2023 (226.04). It may suggest that Parkmead Group (The) accelerated paying its suppliers.

Parkmead Group (The) Days Payable Historical Data

The historical data trend for Parkmead Group (The)'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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Parkmead Group (The) Days Payable Chart

Parkmead Group (The) Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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71.94

92.68

121.73

108.97

50.74

Parkmead Group (The) Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															369.91	577.80	758.66	1,096.61	226.04

Competitive Comparison of Parkmead Group (The)'s Days Payable

For the Oil & Gas E&P subindustry, Parkmead Group (The)'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.

Parkmead Group (The)'s Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Parkmead Group (The)'s Days Payable falls into.

Parkmead Group (The) 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.

Parkmead Group (The)'s Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0.4	+	0.222)	/	2 )	/	2.237	*	365
=	0.311					/	2.237	*	365
=	50.74

Parkmead Group (The)'s Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.222	+	3.568)	/	2 )	/	1.53	*	365 / 2
=	1.895					/	1.53	*	365 / 2
=	226.04

Parkmead Group (The) Days Payable Related Terms

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Parkmead Group (The) (LSE:PMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Parkmead Group (The) PLC (LSE:PMG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PMG.GB:UK

Address

4 Queen’s Terrace, Aberdeen, GBR, AB10 1XL

Website

https://www.parkmeadgroup.com

Parkmead Group (The) PLC is a UK-based independent oil and gas, exploration and production company. It produces natural gas from a portfolio of fields across the Netherlands. The firm has three segments namely Oil and gas exploration and production which invests in oil and gas exploration and production assets; the Energy economics segment that provides energy sector economics, valuation and benchmarking, advising on energy policies and fiscal matters, among others and the Renewables segment involves mixed farming activities as well as renewable energy opportunities. It generates a majority of its revenue from the oil and gas exploration and production segment.

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