Abraj Energy Services CoOG (MUS:ABRJ) Days Payable : 82.87 (As of Sep. 2024)

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What is Abraj Energy Services CoOG Days Payable?

Abraj Energy Services CoOG's average Accounts Payable for the three months ended in Sep. 2024 was ر.ع25.1 Mil. Abraj Energy Services CoOG's Cost of Goods Sold for the three months ended in Sep. 2024 was ر.ع27.6 Mil. Hence, Abraj Energy Services CoOG's Days Payable for the three months ended in Sep. 2024 was 82.87.

The historical rank and industry rank for Abraj Energy Services CoOG's Days Payable or its related term are showing as below:

MUS:ABRJ' s Days Payable Range Over the Past 10 Years
Min: 52.54 Med: 53.44 Max: 73.7
Current: 73.7

During the past 2 years, Abraj Energy Services CoOG's highest Days Payable was 73.70. The lowest was 52.54. And the median was 53.44.

MUS:ABRJ's Days Payable is ranked better than
56.55% of 870 companies
in the Oil & Gas industry
Industry Median: 59.47 vs MUS:ABRJ: 73.70

Abraj Energy Services CoOG's Days Payable increased from Sep. 2023 (50.67) to Sep. 2024 (82.87). It may suggest that Abraj Energy Services CoOG delayed paying its suppliers.

Abraj Energy Services CoOG Days Payable Historical Data

The historical data trend for Abraj Energy Services CoOG'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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Abraj Energy Services CoOG Days Payable Chart

Abraj Energy Services CoOG Annual Data

Trend

Dec22

Dec23

Days Payable

54.34

52.54

Abraj Energy Services CoOG Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial						50.67	49.69	79.38	105.36	82.87

Competitive Comparison of Abraj Energy Services CoOG's Days Payable

For the Oil & Gas Drilling subindustry, Abraj Energy Services CoOG'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.

Abraj Energy Services CoOG's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Abraj Energy Services CoOG's Days Payable falls into.

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Abraj Energy Services CoOG 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.

Abraj Energy Services CoOG's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (15.428	+	16.651)	/	2 )	/	111.43	*	365
=	16.0395					/	111.43	*	365
=	52.54

Abraj Energy Services CoOG's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (32.683	+	17.429)	/	2 )	/	27.589	*	365 / 4
=	25.056					/	27.589	*	365 / 4
=	82.87

Abraj Energy Services CoOG Days Payable Related Terms

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Abraj Energy Services CoOG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Abraj Energy Services Co SAOG (MUS:ABRJ) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building Number 420, Way number 1005, 4th floor, Mawaleh, Muscat, OMN

Website

https://www.abrajenergy.com

Abraj Energy Services Co SAOG is an integrated energy company. It mainly provides oilfield services such as onshore drilling, workover, flowback, well testing, healthy intervention, cementing, fracturing, coil tubing, integrated project management, drilling fluids services, and training services. It has two reportable segments: Drilling and Work Over, Well Services, and Others of which it generates the majority of the revenue from the Drilling and Work Over Segment.

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