Reach Subsea ASA (LTS:0EMB) Days Payable : 66.28 (As of Dec. 2024)

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What is Reach Subsea ASA Days Payable?

Reach Subsea ASA's average Accounts Payable for the three months ended in Dec. 2024 was kr239 Mil. Reach Subsea ASA's Cost of Goods Sold for the three months ended in Dec. 2024 was kr329 Mil. Hence, Reach Subsea ASA's Days Payable for the three months ended in Dec. 2024 was 66.28.

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

LTS:0EMB' s Days Payable Range Over the Past 10 Years
Min: 48.34 Med: 58.25 Max: 239.37
Current: 55.83

During the past 13 years, Reach Subsea ASA's highest Days Payable was 239.37. The lowest was 48.34. And the median was 58.25.

LTS:0EMB's Days Payable is ranked worse than
52.41% of 870 companies
in the Oil & Gas industry
Industry Median: 59.815 vs LTS:0EMB: 55.83

Reach Subsea ASA's Days Payable declined from Dec. 2023 (101.27) to Dec. 2024 (66.28). It may suggest that Reach Subsea ASA accelerated paying its suppliers.

Reach Subsea ASA Days Payable Historical Data

The historical data trend for Reach Subsea ASA'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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Reach Subsea ASA Days Payable Chart

Reach Subsea ASA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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57.42

58.87

48.34

49.92

55.15

Reach Subsea ASA Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															101.27	50.53	66.72	46.20	66.28

Competitive Comparison of Reach Subsea ASA's Days Payable

For the Oil & Gas Equipment & Services subindustry, Reach Subsea ASA'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.

Reach Subsea ASA's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Reach Subsea ASA's Days Payable falls into.

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Reach Subsea ASA 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.

Reach Subsea ASA'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
=	( (205.773	+	243.021)	/	2 )	/	1485.203	*	365
=	224.397					/	1485.203	*	365
=	55.15

Reach Subsea ASA'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
=	( (235.442	+	243.021)	/	2 )	/	329.357	*	365 / 4
=	239.2315					/	329.357	*	365 / 4
=	66.28

Reach Subsea ASA Days Payable Related Terms

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Reach Subsea ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Reach Subsea ASA (LTS:0EMB) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

REACHo:Sweden REACH:Norway 4RS:Germany

Address

Mollervegen 6, Haugesund, NOR, 5525

Website

https://www.reachsubsea.no

Reach Subsea ASA is a Norwegian subsea service provider. The services provided by the company include vessel fleet which comprises of edda fonn which is used for survey and light construction services, havila subsea, normand reach for complex offshore operations, viking neptun for cable installation and heavy lifting, and stril explorer. It two reportable segments namely Oil and Gas and Renewable and others. The company generates maximum revenue from the Oil and Gas segment.

Reach Subsea ASA Headlines

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