South West Pinnacle Exploration (NSE:SOUTHWEST) Days Payable : 27.81 (As of Dec. 2023)

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What is South West Pinnacle Exploration Days Payable?

South West Pinnacle Exploration's average Accounts Payable for the three months ended in Dec. 2023 was ₹73 Mil. South West Pinnacle Exploration's Cost of Goods Sold for the three months ended in Dec. 2023 was ₹240 Mil. Hence, South West Pinnacle Exploration's Days Payable for the three months ended in Dec. 2023 was 27.81.

The historical rank and industry rank for South West Pinnacle Exploration's Days Payable or its related term are showing as below:

NSE:SOUTHWEST' s Days Payable Range Over the Past 10 Years
Min: 58.05 Med: 128.4 Max: 337.81
Current: 58.05

During the past 7 years, South West Pinnacle Exploration's highest Days Payable was 337.81. The lowest was 58.05. And the median was 128.40.

NSE:SOUTHWEST's Days Payable is ranked worse than
51.72% of 901 companies
in the Oil & Gas industry
Industry Median: 61.11 vs NSE:SOUTHWEST: 58.05

South West Pinnacle Exploration's Days Payable declined from Dec. 2022 (60.99) to Dec. 2023 (27.81). It may suggest that South West Pinnacle Exploration accelerated paying its suppliers.

South West Pinnacle Exploration Days Payable Historical Data

The historical data trend for South West Pinnacle Exploration'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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South West Pinnacle Exploration Days Payable Chart

South West Pinnacle Exploration Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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128.40

300.90

337.81

281.57

86.07

South West Pinnacle Exploration 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															60.99	49.02	68.32	56.57	27.81

Competitive Comparison of South West Pinnacle Exploration's Days Payable

For the Oil & Gas Equipment & Services subindustry, South West Pinnacle Exploration'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.

South West Pinnacle Exploration's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where South West Pinnacle Exploration's Days Payable falls into.

South West Pinnacle Exploration 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.

South West Pinnacle Exploration's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (196.482	+	94.605)	/	2 )	/	617.21	*	365
=	145.5435					/	617.21	*	365
=	86.07

South West Pinnacle Exploration'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
=	( (73.25	+	0)	/	1 )	/	240.381	*	365 / 4
=	73.25					/	240.381	*	365 / 4
=	27.81

South West Pinnacle Exploration Days Payable Related Terms

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South West Pinnacle Exploration (NSE:SOUTHWEST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » South West Pinnacle Exploration Ltd (NSE:SOUTHWEST) » Definitions » Days Payable

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Traded in Other Exchanges

543986:India

Address

Siddhartha House, Plot No. 15, Ground Floor, Sector-44, Gurgaon, HR, IND, 122003

Website

http://www.southwestpinnacle.com

South West Pinnacle Exploration Ltd is an India-based exploration services company. It provides end to end drilling, exploration, and allied services to coal, ferrous, non-ferrous, and atomic and base metal mining and water and unconventional energy industries. The company offers consultancy for geological field services and allied services. In addition, it also renders exploration services including geophysical logging, surface geophysical and topographic surveys. The company also administers services such as aquifer mapping, coal bed methane exploration and production, coal and mineral exploration, and workover rig services. It has a business presence in India and the Overseas market.

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