Shelf Drilling (OSL:SHLF) Days Payable : 474.70 (As of Dec. 2023)

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What is Shelf Drilling Days Payable?

Shelf Drilling's average Accounts Payable for the three months ended in Dec. 2023 was kr1,196 Mil. Shelf Drilling's Cost of Goods Sold for the three months ended in Dec. 2023 was kr230 Mil. Hence, Shelf Drilling's Days Payable for the three months ended in Dec. 2023 was 474.70.

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

OSL:SHLF' s Days Payable Range Over the Past 10 Years
Min: 352.75 Med: 400.14 Max: 748.93
Current: 520.77

During the past 11 years, Shelf Drilling's highest Days Payable was 748.93. The lowest was 352.75. And the median was 400.14.

OSL:SHLF's Days Payable is ranked better than
90.99% of 899 companies
in the Oil & Gas industry
Industry Median: 59.45 vs OSL:SHLF: 520.77

Shelf Drilling's Days Payable increased from Dec. 2022 (471.42) to Dec. 2023 (474.70). It may suggest that Shelf Drilling delayed paying its suppliers.

Shelf Drilling Days Payable Historical Data

The historical data trend for Shelf Drilling'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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Shelf Drilling Days Payable Chart

Shelf Drilling Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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352.75

388.40

369.50

518.39

488.01

Shelf Drilling 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															471.42	608.79	570.58	478.29	474.70

Competitive Comparison of Shelf Drilling's Days Payable

For the Oil & Gas Drilling subindustry, Shelf Drilling'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.

Shelf Drilling's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Shelf Drilling's Days Payable falls into.

Shelf Drilling 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.

Shelf Drilling'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
=	( (1129.295	+	1220.566)	/	2 )	/	878.765	*	365
=	1174.9305					/	878.765	*	365
=	488.01

Shelf Drilling'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
=	( (1172.21	+	1220.566)	/	2 )	/	229.977	*	365 / 4
=	1196.388					/	229.977	*	365 / 4
=	474.70

Shelf Drilling Days Payable Related Terms

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Shelf Drilling (OSL:SHLF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shelf Drilling Ltd (OSL:SHLF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SHLLF:USA SHLFo:Sweden SHLFo:UK 6SD:Germany

Address

One JLT, Jumeirah Lakes Towers, P.O. Box 212201, 12th Floor, Dubai, ARE

Website

https://www.shelfdrilling.com

Shelf Drilling Ltd operates as a shallow-water offshore drilling contractor. The company is engaged in the drilling and completion of exploratory and developmental offshore oil and natural gas wells. The business operates in a single segment being Contract services. Geographically, it derives a majority of revenue from Saudi Arabia and also has a presence in Thailand; Nigeria; United Arab Emirates; India and Other Countries.

Shelf Drilling (OSL:SHLF) Headlines

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