POFCF (Petrofac) Days Payable: 92.65 (As of Jun. 2024)

What is Petrofac Days Payable?

Petrofac POFCF -95.67% 12 Days Payable is 92.65 as of Jun. 2024. GuruFocus rates POFCF with a GF Score™ of 12/100.

Petrofac's average Accounts Payable for the six months ended in Jun. 2024 was $629 Mil. Petrofac's Cost of Goods Sold for the six months ended in Jun. 2024 was $1,238 Mil. Hence, Petrofac's Days Payable for the six months ended in Jun. 2024 was 92.65.

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

POFCF's Days Payable is not ranked ^*
in the Oil & Gas industry.
Industry Median: 57.95
* Ranked among companies with meaningful Days Payable only.

Petrofac's Days Payable increased from Jun. 2023 (76.51) to Jun. 2024 (92.65). It may suggest that Petrofac delayed paying its suppliers.

Petrofac Days Payable Related Terms

Petrofac Days Payable Historical Data

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The historical data trend for Petrofac'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.

Petrofac Days Payable Chart

Petrofac Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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75.73

94.18

90.87

70.89

73.37

Petrofac Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial															80.92	55.99	76.51	69.90	92.65

POFCF vs SLB, BKR, HAL: Days Payable Comparison

For the Oil & Gas Equipment & Services subindustry, Petrofac'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.

Petrofac Days Payable vs Oil & Gas Industry

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

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

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Petrofac Ltd POFCF

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Petrofac 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.

Petrofac'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
=	( (475	+	604)	/	2 )	/	2684	*	365
=	539.5					/	2684	*	365
=	73.37

Petrofac's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (604	+	653)	/	2 )	/	1238	*	365 / 2
=	628.5					/	1238	*	365 / 2
=	92.65

Frequently Asked Questions Learn more about Days Payable →

What does a Days Payable of 92.65 mean?

Petrofac (POFCF) has a Days Payable of 92.65 as of Jun. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Petrofac and its competitors.

Is Petrofac's Days Payable too high?

Petrofac's current Days Payable is 92.65. The Oil & Gas industry median Days Payable is 57.95. Petrofac's value of 92.65 is 59.9% above this industry median. Overall, Petrofac has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.

How does Petrofac's Days Payable compare to SLB and BKR?

Petrofac's Days Payable of 92.65 can be compared against companies in the Oil & Gas industry. The industry median Days Payable is 57.95. Petrofac's value of 92.65 is 59.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Days Payable for an Oil & Gas company?

The median Days Payable among Oil & Gas companies is 57.95, based on 849 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Petrofac's current Days Payable of 92.65 is 59.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Days Payable mean?

A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Petrofac and its competitors. For the Oil & Gas industry, the median Days Payable is 57.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Petrofac's current Days Payable is 92.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Petrofac stock overvalued right now?

Petrofac (POFCF) has a current Days Payable of 92.65. The current Days Payable is 92.65 and 59.9% above the Oil & Gas industry median of 57.95. Petrofac's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Days Payable calculated?

Days Payable is calculated from a company's financial statements. For Petrofac (POFCF), the current Days Payable is 92.65 as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Petrofac Business Description

Industry Energy Oil & Gas

Comparable Companies LSE:TAND LSE:CSC LSE:POS LSE:THAL LSE:GTC SLB BKR MIL:TEN HAL FTI XPAR:TE XPAR:GTT SHSE:601808 SHSE:600968 OSL:SUBC SGX:5E2 MIL:SPM SZSE:002353 NOV CHX

Address 26 New Street, St Helier, JEY, JE2 3RA

Website https://www.petrofac.com

Petrofac Ltd provides engineering and construction services to the oil and gas production and processing industry. It designs, builds, operates, and maintains oil and gas facilities. The operating segments of the company include Engineering and Construction, Asset solutions, and Integrated Energy Services. It derives the majority of its revenue from the Asset Solutions segment which mainly includes reimbursable engineering and production services activities to the oil and gas industry. Geographically, the company derives maximum revenue from the United Kingdom and the rest from Algeria, Lithuania, Malaysia, the United States of America, Oman, and various other countries.

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