Oil and Gas Exploration and Production AD (LTS:0OMR) Days Payable : 12.97 (As of Dec. 2022)

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What is Oil and Gas Exploration and Production AD Days Payable?

Oil and Gas Exploration and Production AD's average Accounts Payable for the six months ended in Dec. 2022 was лв1.17 Mil. Oil and Gas Exploration and Production AD's Cost of Goods Sold for the six months ended in Dec. 2022 was лв33.01 Mil. Hence, Oil and Gas Exploration and Production AD's Days Payable for the six months ended in Dec. 2022 was 6.48.

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

LTS:0OMR' s Days Payable Range Over the Past 10 Years
Min: 12.97 Med: 26.66 Max: 53.42
Current: 12.97

During the past 13 years, Oil and Gas Exploration and Production AD's highest Days Payable was 53.42. The lowest was 12.97. And the median was 26.66.

LTS:0OMR's Days Payable is ranked worse than
91.67% of 900 companies
in the Oil & Gas industry
Industry Median: 61.045 vs LTS:0OMR: 12.97

Oil and Gas Exploration and Production AD's Days Payable declined from Dec. 2020 (44.52) to Dec. 2022 (12.97). It may suggest that Oil and Gas Exploration and Production AD accelerated paying its suppliers.

Oil and Gas Exploration and Production AD Days Payable Historical Data

The historical data trend for Oil and Gas Exploration and Production AD'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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Oil and Gas Exploration and Production AD Days Payable Chart

Oil and Gas Exploration and Production AD Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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17.66

20.49

44.52

32.59

12.97

Oil and Gas Exploration and Production AD Semi-Annual Data
	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Days Payable	Get a 7-Day Free Trial									17.66	20.49	44.52	32.59	12.97

Competitive Comparison of Oil and Gas Exploration and Production AD's Days Payable

For the Oil & Gas E&P subindustry, Oil and Gas Exploration and Production AD'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.

Oil and Gas Exploration and Production AD's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Oil and Gas Exploration and Production AD's Days Payable falls into.

Oil and Gas Exploration and Production AD 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.

Oil and Gas Exploration and Production AD'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
=	( (1.116	+	1.23)	/	2 )	/	33.011	*	365
=	1.173					/	33.011	*	365
=	12.97

Oil and Gas Exploration and Production AD's Days Payable for the quarter that ended in Dec. 2022 is calculated as:

	Days Payable (Q: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2021 )	+	Accounts Payable (Q: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
=	( (1.116	+	1.23)	/	2 )	/	33.011	*	365 / 2
=	1.173					/	33.011	*	365 / 2
=	6.48

Oil and Gas Exploration and Production AD Days Payable Related Terms

Thank you for viewing the detailed overview of Oil and Gas Exploration and Production AD's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Oil and Gas Exploration and Production AD (LTS:0OMR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Oil and Gas Exploration and Production AD (LTS:0OMR) » Definitions » Days Payable

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NGAZ:Bulgaria

Address

2, Stefan Karadja Street, Sofia, BGR, 1080

Website

http://www.ogep-bg.com

Oil and Gas Exploration and Production AD is engaged in prospecting, exploration, development and exploitation of oil and gas fields, as well as processing of crude oil. Some of the services provided by the company - design and conducting of 2D and 3D seismic data acquisition, geological and geophysical data processing and interpretation, mud logging, drilling of exploration and production wells for mineralized water and geothermal energy, well logging, among others.

Oil and Gas Exploration and Production AD (LTS:0OMR) Headlines

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