Forum Energy Technologies (FRA:1FE1) Days Payable : 76.93 (As of Mar. 2024)

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What is Forum Energy Technologies Days Payable?

Forum Energy Technologies's average Accounts Payable for the three months ended in Mar. 2024 was €107.5 Mil. Forum Energy Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was €127.5 Mil. Hence, Forum Energy Technologies's Days Payable for the three months ended in Mar. 2024 was 76.93.

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

FRA:1FE1' s Days Payable Range Over the Past 10 Years
Min: 35.25 Med: 61.65 Max: 85.01
Current: 85.01

During the past 13 years, Forum Energy Technologies's highest Days Payable was 85.01. The lowest was 35.25. And the median was 61.65.

FRA:1FE1's Days Payable is ranked better than
61.85% of 899 companies
in the Oil & Gas industry
Industry Median: 61.13 vs FRA:1FE1: 85.01

Forum Energy Technologies's Days Payable declined from Mar. 2023 (83.17) to Mar. 2024 (76.93). It may suggest that Forum Energy Technologies accelerated paying its suppliers.

Forum Energy Technologies Days Payable Historical Data

The historical data trend for Forum Energy 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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Forum Energy Technologies Days Payable Chart

Forum Energy Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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61.18

53.84

62.23

75.45

84.53

Forum Energy Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															83.17	91.16	92.03	85.12	76.93

Competitive Comparison of Forum Energy Technologies's Days Payable

For the Oil & Gas Equipment & Services subindustry, Forum Energy 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.

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

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

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

Forum Energy 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.

Forum Energy 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
=	( (111.638	+	115.467)	/	2 )	/	490.33	*	365
=	113.5525					/	490.33	*	365
=	84.53

Forum Energy Technologies's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (115.467	+	99.594)	/	2 )	/	127.543	*	365 / 4
=	107.5305					/	127.543	*	365 / 4
=	76.93

Forum Energy Technologies Days Payable Related Terms

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Forum Energy Technologies (FRA:1FE1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Forum Energy Technologies Inc (FRA:1FE1) » Definitions » Days Payable

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FET:USA

Address

10344 Sam Houston Park Drive, Suite 300, Houston, TX, USA, 77064

Website

https://www.f-e-t.com

Forum Energy Technologies Inc is a global products company, serving the oil, natural gas, industrial and renewable energy industries. The company designs, manufactures, and distributes products and engages in aftermarket parts supply and services that complement its product offering. Its products include highly engineered capital equipment, as well as products that are consumed in the drilling, well construction, production, and transportation of oil and natural gas. It operates in three reporting segments, namely drilling and downhole, completions, and production. Revenue largely comes from consumable products and activity-based equipment. Consumable products include valves, centrifugal pumps, mud pump fluid end components, rig sensors, inserts, and dies.

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