Tetra Technologies (FRA:TGI) Days Payable : 38.51 (As of Dec. 2023)

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What is Tetra Technologies Days Payable?

Tetra Technologies's average Accounts Payable for the three months ended in Dec. 2023 was €47.6 Mil. Tetra Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was €112.7 Mil. Hence, Tetra Technologies's Days Payable for the three months ended in Dec. 2023 was 38.51.

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

FRA:TGI' s Days Payable Range Over the Past 10 Years
Min: 33.57 Med: 36.1 Max: 60.37
Current: 39.35

During the past 13 years, Tetra Technologies's highest Days Payable was 60.37. The lowest was 33.57. And the median was 36.10.

FRA:TGI's Days Payable is ranked worse than
67.41% of 899 companies
in the Oil & Gas industry
Industry Median: 59.45 vs FRA:TGI: 39.35

Tetra Technologies's Days Payable declined from Dec. 2022 (38.63) to Dec. 2023 (38.51). It may suggest that Tetra Technologies accelerated paying its suppliers.

Tetra Technologies Days Payable Historical Data

The historical data trend for Tetra Technologies'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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Tetra Technologies Days Payable Chart

Tetra Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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39.69

39.75

32.67

35.77

39.72

Tetra Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															38.63	41.10	37.42	41.47	38.51

Competitive Comparison of Tetra Technologies's Days Payable

For the Oil & Gas Equipment & Services subindustry, Tetra Technologies'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.

Tetra Technologies's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Tetra Technologies's Days Payable falls into.

Tetra Technologies 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.

Tetra Technologies'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
=	( (46.37	+	47.95)	/	2 )	/	433.39	*	365
=	47.16					/	433.39	*	365
=	39.72

Tetra Technologies'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (47.152	+	47.95)	/	2 )	/	112.684	*	365 / 4
=	47.551					/	112.684	*	365 / 4
=	38.51

Tetra Technologies Days Payable Related Terms

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Tetra Technologies (FRA:TGI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tetra Technologies Inc (FRA:TGI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TTI:USA TGI:Germany

Address

24955 Interstate 45 North, The Woodlands, TX, USA, 77380

Website

https://www.tetratec.com

Tetra Technologies Inc is a diversified oil and gas services company, focused on completion fluids and associated products and services, water management, frac flowback, production well testing, offshore rig cooling, and compression services. It has two reporting segments namely Completion Fluids & Products, and Water & Flowback Services. The Completion Fluids & Products Division manufactures and markets clear brine fluids, additives, and associated products and services. The Water & Flowback Services Division provides onshore oil and gas operators with comprehensive water management services.