SDRL (Seadrill) Days Payable : 30.85 (As of Sep. 2024)

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What is Seadrill Days Payable?

Seadrill's average Accounts Payable for the three months ended in Sep. 2024 was $94 Mil. Seadrill's Cost of Goods Sold for the three months ended in Sep. 2024 was $278 Mil. Hence, Seadrill's Days Payable for the three months ended in Sep. 2024 was 30.85.

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

SDRL' s Days Payable Range Over the Past 10 Years
Min: 18.62 Med: 19.11 Max: 22.97
Current: 22.97

During the past 5 years, Seadrill's highest Days Payable was 22.97. The lowest was 18.62. And the median was 19.11.

SDRL's Days Payable is ranked worse than
84.3% of 879 companies
in the Oil & Gas industry
Industry Median: 60.34 vs SDRL: 22.97

Seadrill's Days Payable increased from Sep. 2023 (16.83) to Sep. 2024 (30.85). It may suggest that Seadrill delayed paying its suppliers.

Seadrill Days Payable Historical Data

The historical data trend for Seadrill'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.

Seadrill Days Payable Chart

Seadrill Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

19.29

18.62

18.93

21.62

Seadrill Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial										16.83	15.07	19.34	24.98	30.85

Competitive Comparison of Seadrill's Days Payable

For the Oil & Gas Drilling subindustry, Seadrill'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.

Seadrill's Days Payable Distribution in the Oil & Gas Industry

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

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

Seadrill 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.

Seadrill'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
=	( (76	+	53)	/	2 )	/	1089	*	365
=	64.5					/	1089	*	365
=	21.62

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

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (80	+	108)	/	2 )	/	278	*	365 / 4
=	94					/	278	*	365 / 4
=	30.85

Seadrill Days Payable Related Terms

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Seadrill Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Seadrill Ltd (NYSE:SDRL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

P4F:Germany

Address

11025 Equity Drive, Suite 150, Houston, TX, USA, 77041

Website

https://www.seadrill.com

Seadrill Ltd is an offshore drilling contractor company. The company is engaged in providing offshore drilling services to the oil and gas industry. The primary business of the company is the ownership and operation of drillships, semi-submersible rigs, and jack-up rigs for operations in shallow to ultra-deepwater areas in both benign and harsh environments. The geographical segments of the company are the United States, Brazil, Angola, Norway, and others. The company derives maximum revenue from the United States.