Ocean GeoLoop AS (OSL:OCEAN) Days Payable : 67.62 (As of Dec. 2023)

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What is Ocean GeoLoop AS Days Payable?

Ocean GeoLoop AS's average Accounts Payable for the six months ended in Dec. 2023 was kr21.9 Mil. Ocean GeoLoop AS's Cost of Goods Sold for the six months ended in Dec. 2023 was kr59.2 Mil. Hence, Ocean GeoLoop AS's Days Payable for the six months ended in Dec. 2023 was 67.62.

The historical rank and industry rank for Ocean GeoLoop AS's Days Payable or its related term are showing as below:

OSL:OCEAN' s Days Payable Range Over the Past 10 Years
Min: 84.06 Med: 93.16 Max: 102.26
Current: 89.82

During the past 5 years, Ocean GeoLoop AS's highest Days Payable was 102.26. The lowest was 84.06. And the median was 93.16.

OSL:OCEAN's Days Payable is ranked better than
57.73% of 2929 companies
in the Industrial Products industry
Industry Median: 76.43 vs OSL:OCEAN: 89.82

Ocean GeoLoop AS's Days Payable declined from Dec. 2022 (114.66) to Dec. 2023 (67.62). It may suggest that Ocean GeoLoop AS accelerated paying its suppliers.

Ocean GeoLoop AS Days Payable Historical Data

The historical data trend for Ocean GeoLoop AS'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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Ocean GeoLoop AS Days Payable Chart

Ocean GeoLoop AS Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

84.06

102.26

Ocean GeoLoop AS Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			-	132.55	114.66	101.05	67.62

Competitive Comparison of Ocean GeoLoop AS's Days Payable

For the Pollution & Treatment Controls subindustry, Ocean GeoLoop AS'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.

Ocean GeoLoop AS's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ocean GeoLoop AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Ocean GeoLoop AS's Days Payable falls into.

Ocean GeoLoop AS 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.

Ocean GeoLoop AS'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
=	( (39.907	+	23.69)	/	2 )	/	113.5	*	365
=	31.7985					/	113.5	*	365
=	102.26

Ocean GeoLoop AS'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (20.196	+	23.69)	/	2 )	/	59.225	*	365 / 2
=	21.943					/	59.225	*	365 / 2
=	67.62

Ocean GeoLoop AS Days Payable Related Terms

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Ocean GeoLoop AS (OSL:OCEAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ocean GeoLoop AS (OSL:OCEAN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Neptunvegen 6, Verdal, NOR, 7652

Website

https://www.oceangeoloop.com

Ocean GeoLoop AS is a green tech company aiming at using nature's own way of solving challenges in a circular way. The company develops, pilots, and commercializes multifunctional environmental technologies, including point source carbon capture.

Ocean GeoLoop AS (OSL:OCEAN) Headlines

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