PRTDF (Petro Matad) Days Payable : 530.99 (As of Jun. 2024)

View and export this data going back to . Start your Free Trial

What is Petro Matad Days Payable?

Petro Matad's average Accounts Payable for the six months ended in Jun. 2024 was $0.31 Mil. Petro Matad's Cost of Goods Sold for the six months ended in Jun. 2024 was $0.11 Mil. Hence, Petro Matad's Days Payable for the six months ended in Jun. 2024 was 530.99.

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

PRTDF' s Days Payable Range Over the Past 10 Years
Min: 550.5 Med: 2372.04 Max: 10107.69
Current: 550.5

During the past 13 years, Petro Matad's highest Days Payable was 10107.69. The lowest was 550.50. And the median was 2372.04.

PRTDF's Days Payable is ranked better than
90.91% of 891 companies
in the Oil & Gas industry
Industry Median: 61.09 vs PRTDF: 550.50

Petro Matad's Days Payable declined from Jun. 2023 (792.54) to Jun. 2024 (530.99). It may suggest that Petro Matad accelerated paying its suppliers.

Petro Matad Days Payable Historical Data

The historical data trend for Petro Matad'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.

* Premium members only.

Petro Matad Days Payable Chart

Petro Matad Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

1,875.34

705.56

741.09

1,012.94

772.26

Petro Matad 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															953.75	1,018.16	792.54	600.80	530.99

Competitive Comparison of Petro Matad's Days Payable

For the Oil & Gas E&P subindustry, Petro Matad'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.

Petro Matad's Days Payable Distribution in the Oil & Gas Industry

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

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

Petro Matad 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.

Petro Matad'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
=	( (0.456	+	0.348)	/	2 )	/	0.19	*	365
=	0.402					/	0.19	*	365
=	772.26

Petro Matad'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
=	( (0.348	+	0.263)	/	2 )	/	0.105	*	365 / 2
=	0.3055					/	0.105	*	365 / 2
=	530.99

Petro Matad Days Payable Related Terms

Thank you for viewing the detailed overview of Petro Matad's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Petro Matad Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petro Matad Ltd (OTCPK:PRTDF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MATD:UK HA3:Germany

Address

Victory House, Prospect Hill, Douglas, IMN, IM1 1EQ

Website

https://www.petromatadgroup.com

Petro Matad Ltd is engaged in the exploration, development, and production of oil reserves in Mongolia. The company's only geographical segment includes Mongolia.

Petro Matad Headlines

No Headlines