Velocys (LSE:VLS) Days Payable : 45,302.12 (As of Jun. 2023)

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What is Velocys Days Payable?

Velocys's average Accounts Payable for the six months ended in Jun. 2023 was £3.23 Mil. Velocys's Cost of Goods Sold for the six months ended in Jun. 2023 was £0.01 Mil. Hence, Velocys's Days Payable for the six months ended in Jun. 2023 was 45,302.12.

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

LSE:VLS' s Days Payable Range Over the Past 10 Years
Min: 35.63 Med: 591.67 Max: 15602.39
Current: 15602.39

During the past 13 years, Velocys's highest Days Payable was 15602.39. The lowest was 35.63. And the median was 591.67.

LSE:VLS's Days Payable is not ranked
in the Oil & Gas industry.
Industry Median: 61.06 vs LSE:VLS: 15602.39

Velocys's Days Payable increased from Jun. 2022 (7,551.63) to Jun. 2023 (45,302.12). It may suggest that Velocys delayed paying its suppliers.

Velocys Days Payable Historical Data

The historical data trend for Velocys'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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Velocys Days Payable Chart

Velocys Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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974.00

1,639.73

1,252.20

35.63

1,850.17

Velocys Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial															21.42	-	7,551.63	4,101.18	45,302.12

Competitive Comparison of Velocys's Days Payable

For the Oil & Gas Equipment & Services subindustry, Velocys'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.

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

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

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

Velocys 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.

Velocys's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.593	+	0.289)	/	2 )	/	0.087	*	365
=	0.441					/	0.087	*	365
=	1,850.17

Velocys's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.289	+	6.165)	/	2 )	/	0.013	*	365 / 2
=	3.227					/	0.013	*	365 / 2
=	45,302.12

Velocys Days Payable Related Terms

Thank you for viewing the detailed overview of Velocys's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Velocys (LSE:VLS) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

OXFCF:USA VLS.GB:UK O7N:Germany

Address

Robert Robinson Avenue, Magdalen Centre, The Oxford Science Park, Oxford, GBR, OX4 4GA

Website

https://www.velocys.com

Velocys PLC is a UK-based company that is engaged in design, development, marketing, and sale of technology to produce synthetic fuels and specialty products. Its technology is specifically designed for smaller scale gas-to-liquids (GTL) and biomass-to-liquids (BTL). The company's technology turns natural gas or biomass into premium products, such as diesel, jet fuel, waxes, and base oils. The business has a single operating segment: the synthetic fuels segment. Geographically, it derives a majority of revenue from the Americas and has a presence in Europe and the Asia Pacific.

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