Norse Energy ASA (OSL:NEC) Days Payable : 50,913.00 (As of Sep. 2013)

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What is Norse Energy ASA Days Payable?

Norse Energy ASA's average Accounts Payable for the three months ended in Sep. 2013 was kr39.61 Mil. Norse Energy ASA's Cost of Goods Sold for the three months ended in Sep. 2013 was kr0.07 Mil. Hence, Norse Energy ASA's Days Payable for the three months ended in Sep. 2013 was 50,913.00.

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

OSL:NEC' s Days Payable Range Over the Past 10 Years
Min: 0 Med: 0 Max: 34
Current: 34

During the past 9 years, Norse Energy ASA's highest Days Payable was 34.00. The lowest was 0.00. And the median was 0.00.

OSL:NEC's Days Payable is not ranked
in the Oil & Gas industry.
Industry Median: 61.045 vs OSL:NEC: 34.00

Norse Energy ASA's Days Payable increased from Sep. 2012 (17,014.02) to Sep. 2013 (50,913.00). It may suggest that Norse Energy ASA delayed paying its suppliers.

Norse Energy ASA Days Payable Historical Data

The historical data trend for Norse Energy 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.

* Premium members only.

Norse Energy ASA Days Payable Chart

Norse Energy ASA Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Days Payable

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45.10

117.95

1,089.73

13,659.06

31,193.65

Norse Energy ASA Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
Days Payable	Get a 7-Day Free Trial															17,014.02	36,636.33	23,375.50	44,320.02	50,913.00

Competitive Comparison of Norse Energy ASA's Days Payable

For the Oil & Gas E&P subindustry, Norse Energy 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.

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

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

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

Norse Energy 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.

Norse Energy ASA's Days Payable for the fiscal year that ended in Dec. 2012 is calculated as

	Days Payable (A: Dec. 2012 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2011 )	+	Accounts Payable (A: Dec. 2012 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2012 )	*	Days in Period
=	( (53.969	+	36.108)	/	2 )	/	0.527	*	365
=	45.0385					/	0.527	*	365
=	31,193.65

Norse Energy ASA's Days Payable for the quarter that ended in Sep. 2013 is calculated as:

	Days Payable (Q: Sep. 2013 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2013 )	+	Accounts Payable (Q: Sep. 2013 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2013 )	*	Days in Period
=	( (41.666	+	37.563)	/	2 )	/	0.071	*	365 / 4
=	39.6145					/	0.071	*	365 / 4
=	50,913.00

Norse Energy ASA Days Payable Related Terms

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Norse Energy ASA (OSL:NEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Norse Energy Corp. ASA (OSL:NEC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Munkedamsveien 35, 3rd floor, P.O. Box 1903, Oslo, NOR, 0250

Website

http://www.northernoil.no

Norse Energy Corp ASA and its subsidiaries are engaged in the acquisition, exploration and development of oil and natural gas properties in the US.

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