SOC (Sable Offshore) Days Payable : 455.80 (As of Sep. 2024)

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What is Sable Offshore Days Payable?

Sable Offshore's average Accounts Payable for the three months ended in Sep. 2024 was $13.76 Mil. Sable Offshore's Cost of Goods Sold for the three months ended in Sep. 2024 was $2.76 Mil. Hence, Sable Offshore's Days Payable for the three months ended in Sep. 2024 was 455.80.

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

SOC' s Days Payable Range Over the Past 10 Years
Min: 0 Med: 0 Max: 1580.39
Current: 1580.39

During the past 4 years, Sable Offshore's highest Days Payable was 1580.39. The lowest was 0.00. And the median was 0.00.

SOC's Days Payable is ranked better than
95.62% of 891 companies
in the Oil & Gas industry
Industry Median: 60.88 vs SOC: 1580.39

Sable Offshore's Days Payable increased from Sep. 2023 (102.10) to Sep. 2024 (455.80). It may suggest that Sable Offshore delayed paying its suppliers.

Sable Offshore Days Payable Historical Data

The historical data trend for Sable Offshore'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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Sable Offshore Days Payable Chart

Sable Offshore Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

Sable Offshore Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial											102.10	-	-	1,385.92	455.80

Competitive Comparison of Sable Offshore's Days Payable

For the Oil & Gas Drilling subindustry, Sable Offshore'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.

Sable Offshore's Days Payable Distribution in the Oil & Gas Industry

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

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

Sable Offshore 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.

Sable Offshore'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
=	( (4.626	+	6.954)	/	2 )	/	0	*	365
=	5.79					/	0	*	365
=	N/A

Sable Offshore'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
=	( (4.76	+	22.763)	/	2 )	/	2.755	*	365 / 4
=	13.7615					/	2.755	*	365 / 4
=	455.80

Sable Offshore Days Payable Related Terms

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

Sable Offshore Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sable Offshore Corp (NYSE:SOC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

845 Texas Avenue, Suite 2900, Houston, TX, USA, 77002

Website

https://www.sableoffshore.com

Sable Offshore Corp is a Houston-based independent upstream company focused on responsibly developing the prolific Santa Ynez Unit in federal waters offshore California.

Executives

Global Icav Pilgrim	10 percent owner	21-23 CITY QUAY, RIVERVIEW HOUSE, DUBLIN L2 D2
Gregory Phillip Pipkin	director	11227 SMITHDALE ROAD, HOUSTON TX 77024
James C Flores	director, 10 percent owner, officer: CEO & President	P.O. BOX 1083, HOUSTON TX 77251
Pilgrim Global Advisors Llc	10 percent owner	4785 CAUGHLIN PARKWAY, RENO NV 89519
Darren Maupin	10 percent owner	C/O PILGRIM GLOBAL ADVISORS LLC, 4785 CAUGHLIN PARKWAY, RENO NV 89519
Christopher Binyon Sarofim	director	200 EAST RANDOLPH STREET, SUITE 3300, CHICAGO IL 60601
Flame Acquisition Sponsor Llc	10 percent owner	C/O FLAME ACQUISITION CORP., 700 MILAM STREET, SUITE 3300, HOUSTON TX 77002
Gregory D. Patrinely	officer: CFO & Secretary	C/O FLAME ACQUISITION CORP., 700 MILAM STREET, SUITE 3300, HOUSTON TX 77002
Michael E. Dillard	director	C/O FLAME ACQUISITION CORP., 700 MILAM STREET, SUITE 3300, HOUSTON TX 77002