TGSNF (TGS ASA) Days Payable : 46.66 (As of Sep. 2024)

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What is TGS ASA Days Payable?

TGS ASA's average Accounts Payable for the three months ended in Sep. 2024 was $141 Mil. TGS ASA's Cost of Goods Sold for the three months ended in Sep. 2024 was $276 Mil. Hence, TGS ASA's Days Payable for the three months ended in Sep. 2024 was 46.66.

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

TGSNF' s Days Payable Range Over the Past 10 Years
Min: 27.18 Med: 91.6 Max: 130.75
Current: 67.55

During the past 13 years, TGS ASA's highest Days Payable was 130.75. The lowest was 27.18. And the median was 91.60.

TGSNF's Days Payable is ranked better than
53.13% of 879 companies
in the Oil & Gas industry
Industry Median: 60.34 vs TGSNF: 67.55

TGS ASA's Days Payable declined from Sep. 2023 (91.20) to Sep. 2024 (46.66). It may suggest that TGS ASA accelerated paying its suppliers.

TGS ASA Days Payable Historical Data

The historical data trend for TGS 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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TGS ASA Days Payable Chart

TGS ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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94.65

91.74

28.57

28.69

27.94

TGS ASA Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															91.20	71.80	59.02	67.28	46.66

Competitive Comparison of TGS ASA's Days Payable

For the Oil & Gas Equipment & Services subindustry, TGS 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.

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

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

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

TGS 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.

TGS ASA'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
=	( (35.331	+	47.389)	/	2 )	/	540.409	*	365
=	41.36					/	540.409	*	365
=	27.94

TGS ASA'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
=	( (76.106	+	206.47)	/	2 )	/	276.329	*	365 / 4
=	141.288					/	276.329	*	365 / 4
=	46.66

TGS ASA Days Payable Related Terms

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TGS ASA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TGS ASA (OTCPK:TGSNF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TGSGY:USA TGSo:Sweden TGS:Norway TGSo:UK 0MSJ:UK TGC:Germany

Address

Askekroken 11, Oslo, NOR, 0277

Website

https://www.tgs.com

TGS ASA S provides data, intelligence, ocean bottom node (OBN) acquisition services, processing, analytics, cloud-based data applications, and other specialized services and solutions to energy companies across the energy spectrum, whether it is oil and gas, carbon capture and storage, or wind development. Its reportable segments are divided into six overall business units: Western Hemisphere (WH), Eastern Hemisphere (EH), Digital Energy Solutions (DES), Acquisition (ACQ), Imaging, and G&A. It generates the majority of its revenue from Western Hemisphere (WH).