Nine Energy Service (Nine Energy Service) Days Payable : 20.01 (As of Dec. 2023)

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What is Nine Energy Service Days Payable?

Nine Energy Service's average Accounts Payable for the three months ended in Dec. 2023 was $28.1 Mil. Nine Energy Service's Cost of Goods Sold for the three months ended in Dec. 2023 was $128.3 Mil. Hence, Nine Energy Service's Days Payable for the three months ended in Dec. 2023 was 20.01.

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

NINE' s Days Payable Range Over the Past 10 Years
Min: 15.27 Med: 21.9 Max: 27.88
Current: 23.83

During the past 9 years, Nine Energy Service's highest Days Payable was 27.88. The lowest was 15.27. And the median was 21.90.

NINE's Days Payable is ranked worse than
81.98% of 899 companies
in the Oil & Gas industry
Industry Median: 59.45 vs NINE: 23.83

Nine Energy Service's Days Payable declined from Dec. 2022 (26.82) to Dec. 2023 (20.01). It may suggest that Nine Energy Service accelerated paying its suppliers.

Nine Energy Service Days Payable Historical Data

The historical data trend for Nine Energy Service'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.

* Premium members only.

Nine Energy Service Days Payable Chart

Nine Energy Service Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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20.16

27.88

24.20

26.01

25.96

Nine Energy Service Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															26.82	26.46	24.84	21.56	20.01

Competitive Comparison of Nine Energy Service's Days Payable

For the Oil & Gas Equipment & Services subindustry, Nine Energy Service'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.

Nine Energy Service's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Nine Energy Service's Days Payable falls into.

Nine Energy Service 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.

Nine Energy Service'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
=	( (42.211	+	33.379)	/	2 )	/	531.407	*	365
=	37.795					/	531.407	*	365
=	25.96

Nine Energy Service's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (22.897	+	33.379)	/	2 )	/	128.346	*	365 / 4
=	28.138					/	128.346	*	365 / 4
=	20.01

Nine Energy Service Days Payable Related Terms

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Nine Energy Service (Nine Energy Service) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Nine Energy Service Inc (NYSE:NINE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NEJ:Germany

Address

2001 Kirby Drive, Suite 200, Houston, TX, USA, 77019

Website

https://www.nineenergyservice.com

Nine Energy Service Inc is a North American onshore completion and production services provider. It targets unconventional oil and gas resource development. It operates in one segment, Completion Solutions. The Completion Solutions segment offers cementing services; completion tools, including liner hangers and accessories, frac sleeves, fully composite frac plugs, and specialty open hole float equipment and centralizers and other services. It operates in the US, Canada, and other countries where most of the revenue is generated from the United States.

Executives

David Crombie	officer: See Remarks	2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Theodore R. Moore	officer: See Remarks	2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Ann G Fox	director, officer: See Remarks	2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Guy Sirkes	officer: SVP and CFO	2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
S. Brett Luz	officer: Chief Accounting Officer	4400 POST OAK PARKWAY, SUITE 1000, HOUSTON TX 77027
Darryl Keith Willis	director	2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Warren Lynn Frazier	10 percent owner	5655 BEAR LANE, SUITE 100, CORPUS CHRISTI TX 78405
Clinton Roeder	officer: See Remarks	2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Scf Gp Llc	10 percent owner	600 TRAVIS STREET, SUITE 6600, HOUSTON TX 77002
Richard S. Woolston	officer: Chief Accounting Officer	2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Edward Bruce Morgan	officer: See Remarks	2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Gary L Thomas	director	P O BOX 4362, HOUSTON TX 772104362
Scf-vii(a), G.p., Limited Partnership	10 percent owner	600 TRAVIS, SUITE 6600, HOUSTON TX 77002
Scf-vii(a), L.p.	10 percent owner	600 TRAVIS ST., STE. 6600, HOUSTON TX 77002
Curtis F. Harrell	director	2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019