Archrock (STU:54E) Days Payable : 32.13 (As of Mar. 2024)

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What is Archrock Days Payable?

Archrock's average Accounts Payable for the three months ended in Mar. 2024 was €50.4 Mil. Archrock's Cost of Goods Sold for the three months ended in Mar. 2024 was €143.1 Mil. Hence, Archrock's Days Payable for the three months ended in Mar. 2024 was 32.13.

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

STU:54E' s Days Payable Range Over the Past 10 Years
Min: 23.66 Med: 30.2 Max: 55.71
Current: 36.2

During the past 13 years, Archrock's highest Days Payable was 55.71. The lowest was 23.66. And the median was 30.20.

STU:54E's Days Payable is ranked worse than
70.56% of 900 companies
in the Oil & Gas industry
Industry Median: 60.89 vs STU:54E: 36.20

Archrock's Days Payable declined from Mar. 2023 (42.79) to Mar. 2024 (32.13). It may suggest that Archrock accelerated paying its suppliers.

Archrock Days Payable Historical Data

The historical data trend for Archrock'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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Archrock Days Payable Chart

Archrock Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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32.25

30.96

22.92

31.52

37.74

Archrock Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															42.79	43.44	34.45	33.61	32.13

Competitive Comparison of Archrock's Days Payable

For the Oil & Gas Equipment & Services subindustry, Archrock'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.

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

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

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

Archrock 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.

Archrock'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
=	( (60.722	+	55.961)	/	2 )	/	564.193	*	365
=	58.3415					/	564.193	*	365
=	37.74

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

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (55.961	+	44.82)	/	2 )	/	143.132	*	365 / 4
=	50.3905					/	143.132	*	365 / 4
=	32.13

Archrock Days Payable Related Terms

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Archrock (STU:54E) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Archrock Inc (STU:54E) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AROC:USA 54E:Germany

Address

9807 Katy Freeway, Suite 100, Houston, TX, USA, 77024

Website

https://www.archrock.com

Archrock Inc is an energy infrastructure company with focus on midstream natural gas compression and a commitment to helping customers produce, compress and transport natural gas. It has two business segments, Contract Operations, and Aftermarket Services. Under the umbrella of contract operations services, the company provides operations to meet customers' natural gas compression needs. Services include designing, owning, installing, operating, and maintaining equipment. Aftermarket Services business provides a full range of services to support the compression needs of customers that own compression equipment, including operations, maintenance, overhaul and reconfiguration services and sales of parts and components. It generates maximum revenue from the Contract Operations segment.

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