Petrovietnam General Services (STC:PET) Days Payable : 26.15 (As of Sep. 2024)

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What is Petrovietnam General Services Days Payable?

Petrovietnam General Services's average Accounts Payable for the three months ended in Sep. 2024 was ₫1,545,878 Mil. Petrovietnam General Services's Cost of Goods Sold for the three months ended in Sep. 2024 was ₫5,394,194 Mil. Hence, Petrovietnam General Services's Days Payable for the three months ended in Sep. 2024 was 26.15.

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

STC:PET' s Days Payable Range Over the Past 10 Years
Min: 37.95 Med: 50.26 Max: 57.74
Current: 43.32

During the past 13 years, Petrovietnam General Services's highest Days Payable was 57.74. The lowest was 37.95. And the median was 50.26.

STC:PET's Days Payable is ranked worse than
63.48% of 879 companies
in the Oil & Gas industry
Industry Median: 60.34 vs STC:PET: 43.32

Petrovietnam General Services's Days Payable declined from Jun. 2023 (30.63) to Sep. 2024 (26.15). It may suggest that Petrovietnam General Services accelerated paying its suppliers.

Petrovietnam General Services Days Payable Historical Data

The historical data trend for Petrovietnam General Services'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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Petrovietnam General Services Days Payable Chart

Petrovietnam General Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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53.09

37.95

41.97

57.74

51.44

Petrovietnam General Services Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															30.63	36.52	39.61	36.82	26.15

Competitive Comparison of Petrovietnam General Services's Days Payable

For the Oil & Gas Refining & Marketing subindustry, Petrovietnam General Services'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.

Petrovietnam General Services's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Petrovietnam General Services's Days Payable falls into.

Petrovietnam General Services 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.

Petrovietnam General Services'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
=	( (2766145.686	+	1883410.718)	/	2 )	/	16495454.81	*	365
=	2324778.202					/	16495454.81	*	365
=	51.44

Petrovietnam General Services'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
=	( (1683380.677	+	1408374.554)	/	2 )	/	5394194.395	*	365 / 4
=	1545877.6155					/	5394194.395	*	365 / 4
=	26.15

Petrovietnam General Services Days Payable Related Terms

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Petrovietnam General Services Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

No 1-5 Le Duan Street 06 Floor, PetroVietNam Building Ben, Nghe District, Ho Chi Minh City, VNM

Website

http://www.petrosetco.com.vn

Petrovietnam General Services Corp is engaged in the distribution of telecom, IT and electronic products, household goods, polypropylene plastic particle, polyester, and LPG. The company is also involved in catering services, supply chain services which include the supply of oilfield materials and equipment, heavy cargo transportation and lifting services, and logistics services, and property services focusing on real estate management, hotel service, and real estate development and investment.