SNEGF (Sound Energy) Days Payable : 1.15 (As of Jun. 2024)

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What is Sound Energy Days Payable?

Sound Energy's average Accounts Payable for the six months ended in Jun. 2024 was $0.98 Mil. Sound Energy's Cost of Goods Sold for the six months ended in Jun. 2024 was $156.43 Mil. Hence, Sound Energy's Days Payable for the six months ended in Jun. 2024 was 1.15.

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

SNEGF' s Days Payable Range Over the Past 10 Years
Min: 5.2 Med: 130.1 Max: 418.06
Current: 5.2

During the past 13 years, Sound Energy's highest Days Payable was 418.06. The lowest was 5.20. And the median was 130.10.

SNEGF's Days Payable is ranked worse than
97.01% of 870 companies
in the Oil & Gas industry
Industry Median: 60.01 vs SNEGF: 5.20

Sound Energy's Days Payable declined from Jun. 2023 (56.03) to Jun. 2024 (1.15). It may suggest that Sound Energy accelerated paying its suppliers.

Sound Energy Days Payable Historical Data

The historical data trend for Sound Energy'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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Sound Energy Days Payable Chart

Sound Energy Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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47.55

6.55

Sound Energy Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Days Payable	Get a 7-Day Free Trial															-	56.03	-	1.15	-

Competitive Comparison of Sound Energy's Days Payable

For the Oil & Gas E&P subindustry, Sound Energy'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.

Sound Energy's Days Payable Distribution in the Oil & Gas Industry

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

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

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Sound Energy 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.

Sound Energy'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
=	( (0.868	+	0.906)	/	2 )	/	0	*	365
=	0.887					/	0	*	365
=	N/A

Sound Energy'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
=	( (0.906	+	1.06)	/	2 )	/	156.426	*	365 / 2
=	0.983					/	156.426	*	365 / 2
=	1.15

Sound Energy Days Payable Related Terms

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Sound Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sound Energy PLC (OTCPK:SNEGF) » Definitions » Days Payable

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SOU:UK 88S1:Germany

Address

20 St Dunstan's Hill, London, GBR, EC3R 8HL

Website

https://www.soundenergyplc.com

Sound Energy PLC is a gas development company. The company's principal activities are the exploration, appraisal, and development of gas assets. The group categorizes its operations into three business segments: corporate, exploration and appraisal, and development and production.

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