Equinor ASA (OSL:EQNR) Days Payable : 54.22 (As of Sep. 2024)

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What is Equinor ASA Days Payable?

Equinor ASA's average Accounts Payable for the three months ended in Sep. 2024 was kr97,350 Mil. Equinor ASA's Cost of Goods Sold for the three months ended in Sep. 2024 was kr163,822 Mil. Hence, Equinor ASA's Days Payable for the three months ended in Sep. 2024 was 54.22.

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

OSL:EQNR' s Days Payable Range Over the Past 10 Years
Min: 19.14 Med: 31.24 Max: 68.41
Current: 61.09

During the past 13 years, Equinor ASA's highest Days Payable was 68.41. The lowest was 19.14. And the median was 31.24.

OSL:EQNR's Days Payable is ranked better than
50.51% of 879 companies
in the Oil & Gas industry
Industry Median: 60.34 vs OSL:EQNR: 61.09

Equinor ASA's Days Payable declined from Sep. 2023 (63.00) to Sep. 2024 (54.22). It may suggest that Equinor ASA accelerated paying its suppliers.

Equinor ASA Days Payable Historical Data

The historical data trend for Equinor ASA'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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Equinor ASA Days Payable Chart

Equinor ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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54.96

68.41

34.70

36.04

54.88

Equinor ASA 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															63.00	64.86	66.46	57.15	54.22

Competitive Comparison of Equinor ASA's Days Payable

For the Oil & Gas Integrated subindustry, Equinor ASA'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.

Equinor ASA's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Equinor ASA's Days Payable falls into.

Equinor ASA 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.

Equinor ASA'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
=	( (61325.781	+	125221.378)	/	2 )	/	620399.665	*	365
=	93273.5795					/	620399.665	*	365
=	54.88

Equinor ASA'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
=	( (97375.064	+	97324.261)	/	2 )	/	163821.738	*	365 / 4
=	97349.6625					/	163821.738	*	365 / 4
=	54.22

Equinor ASA Days Payable Related Terms

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Equinor ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Equinor ASA (OSL:EQNR) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

STOHF:USA EQNR:USA EQNR:Sweden EQNR:Mexico EQNRo:UK 0A7F:UK 0M2Z:UK DNQA:Germany DNQ:Germany DNQ:Germany DNQA:Germany DNQ:Germany E1QN34:Brazil

Address

Forusbeen 50, Stavanger, NOR, N-4035

Website

https://www.equinor.com

Equinor is a Norway-based integrated oil and gas company. It has been publicly listed since 2001, but the government retains a 67% stake. Operating primarily on the Norwegian Continental Shelf, the firm produced 2.1 million barrels of oil equivalent per day in 2023 (53% liquids) and ended 2023 with 5.2 billion barrels of proven reserves (49% liquids). Operations also include offshore wind, solar, oil refineries and natural gas processing, marketing, and trading.