Tethys Oil AB (STU:TZB0) Days Payable : 1.21 (As of Mar. 2024)

View and export this data going back to 2013. Start your Free Trial

What is Tethys Oil AB Days Payable?

Tethys Oil AB's average Accounts Payable for the three months ended in Mar. 2024 was €0.2 Mil. Tethys Oil AB's Cost of Goods Sold for the three months ended in Mar. 2024 was €13.8 Mil. Hence, Tethys Oil AB's Days Payable for the three months ended in Mar. 2024 was 1.21.

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

STU:TZB0' s Days Payable Range Over the Past 10 Years
Min: 0.77 Med: 2.08 Max: 4.42
Current: 2.07

During the past 13 years, Tethys Oil AB's highest Days Payable was 4.42. The lowest was 0.77. And the median was 2.08.

STU:TZB0's Days Payable is ranked worse than
98.89% of 901 companies
in the Oil & Gas industry
Industry Median: 60.98 vs STU:TZB0: 2.07

Tethys Oil AB's Days Payable declined from Mar. 2023 (2.83) to Mar. 2024 (1.21). It may suggest that Tethys Oil AB accelerated paying its suppliers.

Tethys Oil AB Days Payable Historical Data

The historical data trend for Tethys Oil AB'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.

* Premium members only.

Tethys Oil AB Days Payable Chart

Tethys Oil AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

1.76

4.36

3.57

3.21

2.64

Tethys Oil AB 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															2.83	2.15	2.98	2.44	1.21

Competitive Comparison of Tethys Oil AB's Days Payable

For the Oil & Gas E&P subindustry, Tethys Oil AB'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.

Tethys Oil AB's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Tethys Oil AB's Days Payable falls into.

Tethys Oil AB 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.

Tethys Oil AB'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
=	( (0.566	+	0.183)	/	2 )	/	51.81	*	365
=	0.3745					/	51.81	*	365
=	2.64

Tethys Oil AB'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
=	( (0.183	+	0.184)	/	2 )	/	13.8	*	365 / 4
=	0.1835					/	13.8	*	365 / 4
=	1.21

Tethys Oil AB Days Payable Related Terms

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

Tethys Oil AB (STU:TZB0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tethys Oil AB (STU:TZB0) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TETY:Sweden TZB0:Germany

Address

Hovslagargatan 5B, 1 tr, Stockholm, SWE, SE-111 48

Website

https://www.tethysoil.com

Tethys Oil AB is a Sweden-based energy company. The company is focused on oil and gas exploration and production onshore areas with known discoveries. Its core area of focus is the Sultanate of Oman, where the company holds license interests in three onshore blocks Blocks 3 and 4, Block 49, Block 56, and Block 58. . Tethys Oil has licenses in three countries namely Oman, Lithuania, and France. The majority of its revenue is generated through its operations in Oman.

Tethys Oil AB (STU:TZB0) Headlines

No Headlines