Globe Energy Resources YCD LP (XTAE:GLEN-M) Days Payable : 3.45 (As of Dec. 2023)

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What is Globe Energy Resources YCD LP Days Payable?

Globe Energy Resources YCD LP's average Accounts Payable for the six months ended in Dec. 2023 was ₪0.14 Mil. Globe Energy Resources YCD LP's Cost of Goods Sold for the six months ended in Dec. 2023 was ₪7.35 Mil. Hence, Globe Energy Resources YCD LP's Days Payable for the six months ended in Dec. 2023 was 3.45.

The historical rank and industry rank for Globe Energy Resources YCD LP's Days Payable or its related term are showing as below:

XTAE:GLEN-M' s Days Payable Range Over the Past 10 Years
Min: 4.05 Med: 145.61 Max: 2476.46
Current: 11.01

During the past 11 years, Globe Energy Resources YCD LP's highest Days Payable was 2476.46. The lowest was 4.05. And the median was 145.61.

XTAE:GLEN-M's Days Payable is ranked worse than
93.21% of 899 companies
in the Oil & Gas industry
Industry Median: 61.41 vs XTAE:GLEN-M: 11.01

Globe Energy Resources YCD LP's Days Payable declined from Dec. 2022 (35.97) to Dec. 2023 (3.45). It may suggest that Globe Energy Resources YCD LP accelerated paying its suppliers.

Globe Energy Resources YCD LP Days Payable Historical Data

The historical data trend for Globe Energy Resources YCD LP'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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Globe Energy Resources YCD LP Days Payable Chart

Globe Energy Resources YCD LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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1,130.07

295.69

145.61

19.76

13.86

Globe Energy Resources YCD LP Semi-Annual Data
	Dec13	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial														145.48	9.24	35.97	48.00	3.45

Competitive Comparison of Globe Energy Resources YCD LP's Days Payable

For the Oil & Gas E&P subindustry, Globe Energy Resources YCD LP'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.

Globe Energy Resources YCD LP's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Globe Energy Resources YCD LP's Days Payable falls into.

Globe Energy Resources YCD LP 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.

Globe Energy Resources YCD LP'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
=	( (0.493	+	0.154)	/	2 )	/	8.52	*	365
=	0.3235					/	8.52	*	365
=	13.86

Globe Energy Resources YCD LP's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.124	+	0.154)	/	2 )	/	7.347	*	365 / 2
=	0.139					/	7.347	*	365 / 2
=	3.45

Globe Energy Resources YCD LP Days Payable Related Terms

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Globe Energy Resources YCD LP (XTAE:GLEN-M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Globe Energy Resources YCD LP (XTAE:GLEN-M) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Zadal Street, Rishon LeZion, ISR

Website

http://www.goe.co.il

Globe Energy Resources YCD LP is an oil and gas exploration and production company in Israel.

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