Cool Co (Cool Co) Days Payable : 179.72 (As of Dec. 2023)

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What is Cool Co Days Payable?

Cool Co's average Accounts Payable for the three months ended in Dec. 2023 was $63.4 Mil. Cool Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $32.2 Mil. Hence, Cool Co's Days Payable for the three months ended in Dec. 2023 was 179.72.

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

CLCO' s Days Payable Range Over the Past 10 Years
Min: 9.24 Med: 14.42 Max: 349.3
Current: 349.3

During the past 3 years, Cool Co's highest Days Payable was 349.30. The lowest was 9.24. And the median was 14.42.

CLCO's Days Payable is ranked better than
87.89% of 900 companies
in the Oil & Gas industry
Industry Median: 61.055 vs CLCO: 349.30

Cool Co's Days Payable declined from Sep. 2022 (479.81) to Dec. 2023 (179.72). It may suggest that Cool Co accelerated paying its suppliers.

Cool Co Days Payable Historical Data

The historical data trend for Cool Co'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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Cool Co Days Payable Chart

Cool Co Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

9.24

19.82

Cool Co Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial			479.81	-	341.21	491.19	179.72

Competitive Comparison of Cool Co's Days Payable

For the Oil & Gas Midstream subindustry, Cool Co'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.

Cool Co's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Cool Co's Days Payable falls into.

Cool Co 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.

Cool Co'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
=	( (2.576	+	12.231)	/	2 )	/	136.316	*	365
=	7.4035					/	136.316	*	365
=	19.82

Cool Co'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
=	( (114.622	+	12.231)	/	2 )	/	32.203	*	365 / 4
=	63.4265					/	32.203	*	365 / 4
=	179.72

Cool Co Days Payable Related Terms

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Cool Co (Cool Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cool Co Ltd (NYSE:CLCO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CLCO:Norway HQ3:Germany

Address

9 Par-La-Ville Road, 2nd Floor, S.E. Pearman Building, Hamilton, BMU, HM 11

Website

https://www.coolcoltd.com

Cool Co Ltd is a LNG shipping company. The company operates and manages the fuel-efficient LNGCs providing critical supply chain support to the international energy industry and flexible LNG transportation solutions, providing a lesser-emitting form of energy to help enable decarbonization efforts. Geographical presence of the company is in Singapore, Europe, Asia, Dutch, Japan and other International LNG trader.