ShaMaran Petroleum (STU:3B8) Days Payable : 2.85 (As of Dec. 2024)

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What is ShaMaran Petroleum Days Payable?

ShaMaran Petroleum's average Accounts Payable for the three months ended in Dec. 2024 was €0.5 Mil. ShaMaran Petroleum's Cost of Goods Sold for the three months ended in Dec. 2024 was €15.0 Mil. Hence, ShaMaran Petroleum's Days Payable for the three months ended in Dec. 2024 was 2.85.

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

STU:3B8' s Days Payable Range Over the Past 10 Years
Min: 2.75 Med: 3.51 Max: 7.15
Current: 3.32

During the past 13 years, ShaMaran Petroleum's highest Days Payable was 7.15. The lowest was 2.75. And the median was 3.51.

STU:3B8's Days Payable is ranked worse than
98.41% of 881 companies
in the Oil & Gas industry
Industry Median: 60.34 vs STU:3B8: 3.32

ShaMaran Petroleum's Days Payable declined from Dec. 2023 (7.62) to Dec. 2024 (2.85). It may suggest that ShaMaran Petroleum accelerated paying its suppliers.

ShaMaran Petroleum Days Payable Historical Data

The historical data trend for ShaMaran Petroleum'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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ShaMaran Petroleum Days Payable Chart

ShaMaran Petroleum Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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4.62

3.16

3.34

6.45

3.61

ShaMaran Petroleum Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															7.62	4.58	3.29	2.45	2.85

Competitive Comparison of ShaMaran Petroleum's Days Payable

For the Oil & Gas E&P subindustry, ShaMaran Petroleum'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.

ShaMaran Petroleum's Days Payable Distribution in the Oil & Gas Industry

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

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

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ShaMaran Petroleum 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.

ShaMaran Petroleum's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (0.845	+	0.403)	/	2 )	/	63.14	*	365
=	0.624					/	63.14	*	365
=	3.61

ShaMaran Petroleum's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (0.532	+	0.403)	/	2 )	/	14.967	*	365 / 4
=	0.4675					/	14.967	*	365 / 4
=	2.85

ShaMaran Petroleum Days Payable Related Terms

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ShaMaran Petroleum Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ShaMaran Petroleum Corp (STU:3B8) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SHASF:USA SNM:Sweden 0VH4:UK 3B8:Germany SNM:Canada

Address

1055 Dunsmuir Street, Suite 2800, Vancouver, BC, CAN, V7X 1L2

Website

https://www.shamaranpetroleum.com

ShaMaran Petroleum Corp is an oil development and exploration company. It is engaged in the business of extraction and producing oil and gas. Along with its subsidiary, the company has an interest in the Atrush block, Kurdistan Region of Iraq. In addition, the group holds a participating interest in the Sarsang block of the Kurdistan region.

ShaMaran Petroleum Headlines

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