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Grand Gulf Energy (ASX:GGE) Days Payable : 608.75 (As of Dec. 2023)


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What is Grand Gulf Energy Days Payable?

Grand Gulf Energy's average Accounts Payable for the six months ended in Dec. 2023 was A$0.96 Mil. Grand Gulf Energy's Cost of Goods Sold for the six months ended in Dec. 2023 was A$0.29 Mil. Hence, Grand Gulf Energy's Days Payable for the six months ended in Dec. 2023 was 608.75.

The historical rank and industry rank for Grand Gulf Energy's Days Payable or its related term are showing as below:

ASX:GGE' s Days Payable Range Over the Past 10 Years
Min: 36.05   Med: 79.77   Max: 600.67
Current: 577.49

During the past 13 years, Grand Gulf Energy's highest Days Payable was 600.67. The lowest was 36.05. And the median was 79.77.

ASX:GGE's Days Payable is ranked better than
91.89% of 900 companies
in the Oil & Gas industry
Industry Median: 61.27 vs ASX:GGE: 577.49

Grand Gulf Energy's Days Payable increased from Dec. 2022 (234.22) to Dec. 2023 (608.75). It may suggest that Grand Gulf Energy delayed paying its suppliers.

Grand Gulf Energy Days Payable Historical Data

The historical data trend for Grand Gulf Energy'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.

Grand Gulf Energy Days Payable Chart

Grand Gulf Energy Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 66.34 83.07 87.37 76.46 600.67

Grand Gulf Energy Semi-Annual Data
Jun14 Dec14 Jun15 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 52.26 45.76 234.22 765.10 608.75

Competitive Comparison of Grand Gulf Energy's Days Payable

For the Oil & Gas E&P subindustry, Grand Gulf Energy'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.

Grand Gulf Energy's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Grand Gulf Energy's Days Payable falls into.


Grand Gulf Energy 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.

Grand Gulf Energy's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

Days Payable (A: Jun. 2023 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Jun. 2022 ) + Accounts Payable (A: Jun. 2023 )) / count ) / Cost of Goods Sold (A: Jun. 2023 )*Days in Period
=( (0.28 + 1.313) / 2 ) / 0.484*365
=0.7965 / 0.484*365
=600.67

Grand Gulf Energy'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
=( (1.313 + 0.615) / 2 ) / 0.289*365 / 2
=0.964 / 0.289*365 / 2
=608.75

* 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.

Grand Gulf Energy Days Payable Related Terms

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Grand Gulf Energy (ASX:GGE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Grand Gulf Energy Ltd (ASX:GGE) » Definitions » Days Payable
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Traded in Other Exchanges
GRGUF:USA
Address
56 Kings Park Road, Suite 1G, West Perth, Perth, WA, AUS, 6005
Website
https://www.grandgulfenergy.com
Grand Gulf Energy Ltd is engaged in the exploration, evaluation, and development of oil and gas leases. Its projects include Red Helium Project. The company has one operating segment, being oil & gas production and exploration operations (including exploration for Helium).