The Philodrill (PHS:OV) Days Payable : 10.76 (As of Mar. 2024)

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What is The Philodrill Days Payable?

The Philodrill's average Accounts Payable for the three months ended in Mar. 2024 was ₱5.5 Mil. The Philodrill's Cost of Goods Sold for the three months ended in Mar. 2024 was ₱46.5 Mil. Hence, The Philodrill's Days Payable for the three months ended in Mar. 2024 was 10.76.

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

PHS:OV' s Days Payable Range Over the Past 10 Years
Min: 2.19 Med: 6.96 Max: 28.28
Current: 8.7

During the past 13 years, The Philodrill's highest Days Payable was 28.28. The lowest was 2.19. And the median was 6.96.

PHS:OV's Days Payable is ranked worse than
94.55% of 899 companies
in the Oil & Gas industry
Industry Median: 61.41 vs PHS:OV: 8.70

The Philodrill's Days Payable declined from Mar. 2023 (11.87) to Mar. 2024 (10.76). It may suggest that The Philodrill accelerated paying its suppliers.

The Philodrill Days Payable Historical Data

The historical data trend for The Philodrill'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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The Philodrill Days Payable Chart

The Philodrill Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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2.19

4.39

2.64

9.52

13.03

The Philodrill Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															11.87	8.33	4.84	8.54	10.76

Competitive Comparison of The Philodrill's Days Payable

For the Oil & Gas E&P subindustry, The Philodrill'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.

The Philodrill's Days Payable Distribution in the Oil & Gas Industry

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

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

The Philodrill 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.

The Philodrill'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
=	( (6.518	+	7.198)	/	2 )	/	192.12	*	365
=	6.858					/	192.12	*	365
=	13.03

The Philodrill's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (7.198	+	3.769)	/	2 )	/	46.488	*	365 / 4
=	5.4835					/	46.488	*	365 / 4
=	10.76

The Philodrill Days Payable Related Terms

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The Philodrill (PHS:OV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » The Philodrill Corp (PHS:OV) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

125 Pioneer Street, 8th Floor, Quad Alpha Centrum Building, Mandaluyong, PHL, 1550

Website

https://www.philodrill.com

The Philodrill Corp is engaged in oil exploration and production. It is also an investment holding company with investments in financial services, mining, petroleum exploration and production and property development. Its active petroleum projects cover production and exploration areas in offshore Palawan and onshore Mindoro under various service contracts with the Philippine government through the Department of Energy. The company's service contracts include SC6A - Octon Area, SC6B - Bonita Block, SC14B - Matinloc and SC14C1 - Galoc.

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