Rem Offshore ASA (OSTO:REMO) Days Payable : 23.81 (As of Sep. 2016)

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What is Rem Offshore ASA Days Payable?

Rem Offshore ASA's average Accounts Payable for the three months ended in Sep. 2016 was kr38.46 Mil. Rem Offshore ASA's Cost of Goods Sold for the three months ended in Sep. 2016 was kr147.39 Mil. Hence, Rem Offshore ASA's Days Payable for the three months ended in Sep. 2016 was 23.81.

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

OSTO:REMO' s Days Payable Range Over the Past 10 Years
Min: 17.36 Med: 104.09 Max: 122.05
Current: 17.36

During the past 10 years, Rem Offshore ASA's highest Days Payable was 122.05. The lowest was 17.36. And the median was 104.09.

OSTO:REMO's Days Payable is not ranked
in the Oil & Gas industry.
Industry Median: 61.13 vs OSTO:REMO: 17.36

Rem Offshore ASA's Days Payable increased from Sep. 2015 (15.96) to Sep. 2016 (23.81). It may suggest that Rem Offshore ASA delayed paying its suppliers.

Rem Offshore ASA Days Payable Historical Data

The historical data trend for Rem Offshore 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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Rem Offshore ASA Days Payable Chart

Rem Offshore ASA Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Days Payable

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54.19

17.60

17.51

Rem Offshore ASA Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
Days Payable	Get a 7-Day Free Trial															15.96	25.48	19.73	10.41	23.81

Competitive Comparison of Rem Offshore ASA's Days Payable

For the Oil & Gas Equipment & Services subindustry, Rem Offshore 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.

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

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

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

Rem Offshore 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.

Rem Offshore ASA's Days Payable for the fiscal year that ended in Dec. 2015 is calculated as

	Days Payable (A: Dec. 2015 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2014 )	+	Accounts Payable (A: Dec. 2015 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2015 )	*	Days in Period
=	( (25.411	+	25.369)	/	2 )	/	529.365	*	365
=	25.39					/	529.365	*	365
=	17.51

Rem Offshore ASA's Days Payable for the quarter that ended in Sep. 2016 is calculated as:

	Days Payable (Q: Sep. 2016 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2016 )	+	Accounts Payable (Q: Sep. 2016 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2016 )	*	Days in Period
=	( (43.229	+	33.698)	/	2 )	/	147.386	*	365 / 4
=	38.4635					/	147.386	*	365 / 4
=	23.81

Rem Offshore ASA Days Payable Related Terms

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Rem Offshore ASA (OSTO:REMO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Rem Offshore ASA (OSTO:REMO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.rem-offshore.no

Rem Offshore ASA is a shipping company with its focus on remote underwater operations, anchor handling and platform supply services. It manages both fishing and offshore vessels. Its fleet consists of PSV, AHTS, MPSV and OCV.

Rem Offshore ASA (OSTO:REMO) Headlines

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