Asian Energy Services (NSE:ASIANENE) Days Payable : 105.69 (As of Sep. 2024)

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What is Asian Energy Services Days Payable?

Asian Energy Services's average Accounts Payable for the three months ended in Sep. 2024 was ₹838 Mil. Asian Energy Services's Cost of Goods Sold for the three months ended in Sep. 2024 was ₹723 Mil. Hence, Asian Energy Services's Days Payable for the three months ended in Sep. 2024 was 105.69.

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

NSE:ASIANENE' s Days Payable Range Over the Past 10 Years
Min: 56.68 Med: 147.93 Max: 549.51
Current: 86.68

During the past 13 years, Asian Energy Services's highest Days Payable was 549.51. The lowest was 56.68. And the median was 147.93.

NSE:ASIANENE's Days Payable is ranked better than
62.23% of 879 companies
in the Oil & Gas industry
Industry Median: 60.34 vs NSE:ASIANENE: 86.68

Asian Energy Services's Days Payable increased from Sep. 2023 (102.60) to Sep. 2024 (105.69). It may suggest that Asian Energy Services delayed paying its suppliers.

Asian Energy Services Days Payable Historical Data

The historical data trend for Asian Energy Services'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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Asian Energy Services Days Payable Chart

Asian Energy Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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99.47

168.21

166.19

205.07

89.70

Asian Energy Services Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															102.60	52.01	76.33	145.11	105.69

Competitive Comparison of Asian Energy Services's Days Payable

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

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

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

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

Asian Energy Services 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.

Asian Energy Services's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (440.688	+	727.812)	/	2 )	/	2377.304	*	365
=	584.25					/	2377.304	*	365
=	89.70

Asian Energy Services'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
=	( (0	+	837.622)	/	1 )	/	723.149	*	365 / 4
=	837.622					/	723.149	*	365 / 4
=	105.69

Asian Energy Services Days Payable Related Terms

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Asian Energy Services Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Asian Energy Services Ltd (NSE:ASIANENE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

530355:India

Address

Eastern Express Highway, 3B, 3rd Floor, Omkar Esquare, Chunabhatti Signal, Sion (East), Mumbai, MH, IND, 400022

Website

https://www.asianoilfield.com

Asian Energy Services Ltd is engaged in providing services in the energy sector including oilfield services. The group also provides Operations and Maintenance (O&M) services for offshore production assets like Floating Production Unit (FPU), Mobile Offshore Production Unit( MOPU), Floating Production Storage and Offloading (FPSO), Floating Storage and Offloading (FSO), Onshore Oil & Gas Terminals, Energy and Mineral Infrastructure, and Oil & Gas Production Segment. The company has two reportable segments namely, Oil and Gas and Mineral and other energy sectors.

Asian Energy Services Headlines

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