BlueNord ASA (STU:CJ1) Days Payable : 2.10 (As of Dec. 2024)

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What is BlueNord ASA Days Payable?

BlueNord ASA's average Accounts Payable for the three months ended in Dec. 2024 was €2.5 Mil. BlueNord ASA's Cost of Goods Sold for the three months ended in Dec. 2024 was €107.2 Mil. Hence, BlueNord ASA's Days Payable for the three months ended in Dec. 2024 was 2.10.

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

STU:CJ1' s Days Payable Range Over the Past 10 Years
Min: 3.93 Med: 20.55 Max: 452.19
Current: 3.93

During the past 13 years, BlueNord ASA's highest Days Payable was 452.19. The lowest was 3.93. And the median was 20.55.

STU:CJ1's Days Payable is ranked worse than
97.94% of 874 companies
in the Oil & Gas industry
Industry Median: 60.255 vs STU:CJ1: 3.93

BlueNord ASA's Days Payable declined from Dec. 2023 (8.33) to Dec. 2024 (2.10). It may suggest that BlueNord ASA accelerated paying its suppliers.

BlueNord ASA Days Payable Historical Data

The historical data trend for BlueNord ASA'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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BlueNord ASA Days Payable Chart

BlueNord ASA Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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12.27

59.22

55.67

14.43

8.68

BlueNord ASA 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															8.33	8.29	0.56	0.54	2.10

Competitive Comparison of BlueNord ASA's Days Payable

For the Oil & Gas E&P subindustry, BlueNord ASA'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.

BlueNord ASA's Days Payable Distribution in the Oil & Gas Industry

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

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

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BlueNord ASA 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.

BlueNord ASA'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
=	( (16.047	+	4.202)	/	2 )	/	425.739	*	365
=	10.1245					/	425.739	*	365
=	8.68

BlueNord ASA'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
=	( (0.721	+	4.202)	/	2 )	/	107.151	*	365 / 4
=	2.4615					/	107.151	*	365 / 4
=	2.10

BlueNord ASA Days Payable Related Terms

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BlueNord ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » BlueNord ASA (STU:CJ1) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NORO:Sweden BNOR:Norway 0HTF:UK

Address

Nedre Vollgate 1, Oslo, NOR, 0158

Website

https://www.bluenord.com

BlueNord ASA is a strategically important European oil and gas company, specializing in producing and developing resources that support the energy transition towards Net Zero. The company operates in the Danish North Sea with a 36.8 percent non-operated interest in the Danish Underground Consortium (DUC). The Company has a focus on developing and implementing solutions that will improve the long-term position of oil and gas as a key part of the energy mix while reducing greenhouse gas emissions on the Danish Continental Shelf.

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