Toplivo AD (XBUL:TOPL) Days Payable : 17.20 (As of Jun. 2023)

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What is Toplivo AD Days Payable?

Toplivo AD's average Accounts Payable for the six months ended in Jun. 2023 was лв9.2 Mil. Toplivo AD's Cost of Goods Sold for the six months ended in Jun. 2023 was лв97.4 Mil. Hence, Toplivo AD's Days Payable for the six months ended in Jun. 2023 was 17.20.

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

XBUL:TOPL' s Days Payable Range Over the Past 10 Years
Min: 11.04 Med: 16.58 Max: 2341.72
Current: 16.44

During the past 13 years, Toplivo AD's highest Days Payable was 2341.72. The lowest was 11.04. And the median was 16.58.

XBUL:TOPL's Days Payable is ranked worse than
89.46% of 901 companies
in the Oil & Gas industry
Industry Median: 59.19 vs XBUL:TOPL: 16.44

Toplivo AD's Days Payable declined from Jun. 2022 (18.40) to Jun. 2023 (17.20). It may suggest that Toplivo AD accelerated paying its suppliers.

Toplivo AD Days Payable Historical Data

The historical data trend for Toplivo AD'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.

Toplivo AD Days Payable Chart

Toplivo AD Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

Get a 7-Day Free Trial

18.06

24.81

24.82

14.85

11.04

Toplivo AD Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial															21.43	15.48	18.40	14.07	17.20

Competitive Comparison of Toplivo AD's Days Payable

For the Oil & Gas Refining & Marketing subindustry, Toplivo AD'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.

Toplivo AD's Days Payable Distribution in the Oil & Gas Industry

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

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

Toplivo AD 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.

Toplivo AD's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (7.631	+	8.013)	/	2 )	/	258.536	*	365
=	7.822					/	258.536	*	365
=	11.04

Toplivo AD's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (8.013	+	10.349)	/	2 )	/	97.4	*	365 / 2
=	9.181					/	97.4	*	365 / 2
=	17.20

Toplivo AD Days Payable Related Terms

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

Toplivo AD (XBUL:TOPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Toplivo AD (XBUL:TOPL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Solunska Str 2, Sofia, BGR, 1000

Website

http://www.toplivo.bg

Toplivo AD is engaged in the provision of petroleum products like propane-butane, liquid petrol and liquid petroleum gas. It also offers construction and heating materials like firewood, wooden materials, decorating tiles, briquettes, wood, and metals.

Toplivo AD (XBUL:TOPL) Headlines

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