Slovnaft AS (LTS:0MZI) Days Payable: 62.02 (As of Dec. 2019) — 27% Above Median

What is Slovnaft AS Days Payable?

Slovnaft AS LTS:0MZI 8 Days Payable is 62.02 as of Dec. 2019, which is 27% above its 10-year median of 48.68. GuruFocus rates LTS:0MZI with a GF Score™ of 8/100. The stock has 5 warning signs investors should review.

Slovnaft AS's average Accounts Payable for the six months ended in Dec. 2019 was €526.75 Mil. Slovnaft AS's Cost of Goods Sold for the six months ended in Dec. 2019 was €1,549.93 Mil. Hence, Slovnaft AS's Days Payable for the six months ended in Dec. 2019 was 62.02.

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

LTS:0MZI' s Days Payable Range Over the Past 10 Years
Min: 36.05 Med: 48.68 Max: 61.06
Current: 58.28

During the past 13 years, Slovnaft AS's highest Days Payable was 61.06. The lowest was 36.05. And the median was 48.68.

LTS:0MZI's Days Payable is not ranked
in the Oil & Gas industry.
Industry Median: 57.95 vs LTS:0MZI: 58.28

Slovnaft AS's Days Payable increased from Dec. 2018 (56.14) to Dec. 2019 (62.02). It may suggest that Slovnaft AS delayed paying its suppliers.

Slovnaft AS Days Payable Related Terms

Slovnaft AS Days Payable Historical Data

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The historical data trend for Slovnaft AS'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.

Slovnaft AS Days Payable Chart

Slovnaft AS Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Days Payable

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48.32

48.84

53.26

49.42

53.72

Slovnaft AS Semi-Annual Data
	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19
Days Payable	Get a 7-Day Free Trial															60.86	59.81	56.14	53.95	62.02

LTS:0MZI vs NGL, INT, SUN: Days Payable Comparison

For the Oil & Gas Refining & Marketing subindustry, Slovnaft AS'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.

Slovnaft AS Days Payable vs Oil & Gas Industry

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

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

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Slovnaft AS 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.

Slovnaft AS's Days Payable for the fiscal year that ended in Dec. 2019 is calculated as

	Days Payable (A: Dec. 2019 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2018 )	+	Accounts Payable (A: Dec. 2019 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2019 )	*	Days in Period
=	( (430.512	+	510.387)	/	2 )	/	3196.672	*	365
=	470.4495					/	3196.672	*	365
=	53.72

Slovnaft AS's Days Payable for the quarter that ended in Dec. 2019 is calculated as:

	Days Payable (Q: Dec. 2019 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2019 )	+	Accounts Payable (Q: Dec. 2019 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2019 )	*	Days in Period
=	( (543.115	+	510.387)	/	2 )	/	1549.931	*	365 / 2
=	526.751					/	1549.931	*	365 / 2
=	62.02

Frequently Asked Questions Learn more about Days Payable →

What does a Days Payable of 62.02 mean?

Slovnaft AS (LTS:0MZI) has a Days Payable of 62.02 as of Dec. 2019. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Slovnaft AS and its competitors. This is 27% above median its historical median of 48.68. Over the past decade, Slovnaft AS's Days Payable has ranged from 36.05 to 61.06.

Is Slovnaft AS's Days Payable too high?

Slovnaft AS's current Days Payable of 62.02 is 27% above median its 10-year median of 48.68. Over the past 10 years, this metric has ranged from a low of 36.05 to a high of 61.06. The Oil & Gas industry median Days Payable is 57.95. Slovnaft AS's value of 62.02 is 7% above this industry median. Overall, Slovnaft AS has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.

How does Slovnaft AS's Days Payable compare to NGL and INT?

Slovnaft AS's Days Payable of 62.02 can be compared against companies in the Oil & Gas industry. The industry median Days Payable is 57.95. Slovnaft AS's value of 62.02 is 7% above this benchmark. Historically, Slovnaft AS's own Days Payable has ranged from 36.05 to 61.06 over the past decade. While the company's 10-year median is 48.68 vs. the industry median of 57.95, Slovnaft AS has consistently been above the industry average. 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. Slovnaft AS's current Days Payable of 62.02 is 7% 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 Slovnaft AS 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. Slovnaft AS's current Days Payable is 62.02, which is 27% above median its own 10-year median of 48.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Slovnaft AS stock overvalued right now?

Slovnaft AS (LTS:0MZI) has a current Days Payable of 62.02. The current Days Payable is 62.02, which is 27% above median its 10-year median of 48.68 and 7% above the Oil & Gas industry median of 57.95. Slovnaft AS's overall GF Score™ is 8/100 with 5 warning signs to review. 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 Slovnaft AS (LTS:0MZI), the current Days Payable is 62.02 as of Dec. 2019. 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.

Slovnaft AS Business Description

Industry Energy Oil & Gas

Comparable Companies LSE:VVO NGL XTAE:ILCO NZSE:ZEL SHSE:601139 XTAE:ORL PHS:TFHI INT MIL:SRS XTAE:PZOL BKK:SPRC BOM:500109 BKK:BCP ATH:MOH SUN CAS:GAZ PHS:SHLPH CAS:TMA BKK:ESSO ISX:AKRA

Address Vlcie hrdlo 1, Bratislava, SVK, 824 12

Website http://www.slovnaft.sk

Slovnaft AS is engaged in processing crude oil and motor fuels, heating oils and other products, their distribution and sale to wholesale customers as well as to end-customers through its own network of service stations. The group manages its operations in the following segments: Refining and Marketing, Retail, and Other segments. Refining and Marketing segment processes crude oil and markets refinery products and plastics. The retail segment operates a network of petrol stations. It generates maximum revenue from the Refining and Marketing segment. Geographically, it derives a majority of revenue from the Slovak Republic and also has a presence in Czech Republic, Austria, Hungary, Poland, Germany, Italy, Croatia, Romania, The Netherlands, Serbia, and Other Countries.