PAO Sovcomflot (MIC:FLOT) Days Payable: 36.19 (As of Jun. 2023)


MIC:FLOT PAO Sovcomflot MIC:FLOT
17 GF Score
Price ₽76.73
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What is PAO Sovcomflot Days Payable?

PAO Sovcomflot MIC:FLOT -1.55% 17 Days Payable is 36.19 as of Jun. 2023. GuruFocus rates MIC:FLOT with a GF Score™ of 17/100.

PAO Sovcomflot's average Accounts Payable for the six months ended in Jun. 2023 was ₽4,871 Mil. PAO Sovcomflot's Cost of Goods Sold for the six months ended in Jun. 2023 was ₽24,563 Mil. Hence, PAO Sovcomflot's Days Payable for the six months ended in Jun. 2023 was 36.19.

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

MIC:FLOT's Days Payable is not ranked *
in the Oil & Gas industry.
Industry Median: 57.84
* Ranked among companies with meaningful Days Payable only.

PAO Sovcomflot's Days Payable increased from Jun. 2021 (29.62) to Jun. 2023 (36.19). It may suggest that PAO Sovcomflot delayed paying its suppliers.

PAO Sovcomflot Days Payable Historical Data

* Premium members only.

The historical data trend for PAO Sovcomflot'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.

PAO Sovcomflot Days Payable Chart

PAO Sovcomflot Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Days Payable
Get a 7-Day Free Trial Premium Member Only 20.47 19.06 18.57 15.64 19.75

PAO Sovcomflot Semi-Annual Data
Dec13 Dec14 Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun23
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.84 12.72 29.62 16.17 36.19

MIC:FLOT vs EPD, WMB, ET: Days Payable Comparison

For the Oil & Gas Midstream subindustry, PAO Sovcomflot'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.

PAO Sovcomflot Days Payable vs Oil & Gas Industry

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

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


MIC:FLOT
17GF Score
PAO Sovcomflot MIC:FLOT
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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PAO Sovcomflot 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.

PAO Sovcomflot's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as

Days Payable (A: Dec. 2021 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2020 ) + Accounts Payable (A: Dec. 2021 )) / count ) / Cost of Goods Sold (A: Dec. 2021 )*Days in Period
=( (3846.602 + 5540.763) / 2 ) / 86724.791*365
=4693.6825 / 86724.791*365
=19.75

PAO Sovcomflot'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. 2021 ) + Accounts Payable (Q: Jun. 2023 )) / count ) / Cost of Goods Sold (Q: Jun. 2023 )*Days in Period
=( (5540.763 + 4201.439) / 2 ) / 24562.689*365 / 2
=4871.101 / 24562.689*365 / 2
=36.19

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 36.19 mean?
PAO Sovcomflot (MIC:FLOT) has a Days Payable of 36.19 as of Jun. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on PAO Sovcomflot and its competitors.
Is PAO Sovcomflot's Days Payable too high?
PAO Sovcomflot's current Days Payable is 36.19. The Oil & Gas industry median Days Payable is 57.84. PAO Sovcomflot's value of 36.19 is 37.4% below this industry median. Overall, PAO Sovcomflot has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does PAO Sovcomflot's Days Payable compare to EPD and WMB?
PAO Sovcomflot's Days Payable of 36.19 can be compared against companies in the Oil & Gas industry. The industry median Days Payable is 57.84. PAO Sovcomflot's value of 36.19 is 37.4% below this benchmark. 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 57.84, based on 852 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. PAO Sovcomflot's current Days Payable of 36.19 is 37.4% below 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 PAO Sovcomflot and its competitors. For the Oil & Gas industry, the median Days Payable is 57.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PAO Sovcomflot's current Days Payable is 36.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PAO Sovcomflot stock overvalued right now?
PAO Sovcomflot (MIC:FLOT) has a current Days Payable of 36.19. The current Days Payable is 36.19 and 37.4% below the Oil & Gas industry median of 57.84. PAO Sovcomflot's overall GF Score™ is 17/100. 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 PAO Sovcomflot (MIC:FLOT), the current Days Payable is 36.19 as of Jun. 2023. 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.

PAO Sovcomflot Business Description

Industry EnergyOil & Gas
Address 6 Gasheka Street, Moscow, RUS, 125047
PAO Sovcomflot is a shipping company. It provides maritime transportation of hydrocarbons, as well as the servicing and support of offshore exploration and oil and gas production. The company's operating segment includes Offshore services; Gas transportation; Crude oil transportation; Oil products transportation and others. It generates maximum revenue from the Offshore services segment.
17GF Score

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₽76.73
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