Hercules Offshore (FRA:H6XA) Days Payable : 73.86 (As of Mar. 2016)

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What is Hercules Offshore Days Payable?

Hercules Offshore's average Accounts Payable for the three months ended in Mar. 2016 was €33.7 Mil. Hercules Offshore's Cost of Goods Sold for the three months ended in Mar. 2016 was €41.7 Mil. Hence, Hercules Offshore's Days Payable for the three months ended in Mar. 2016 was 73.86.

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

FRA:H6XA's Days Payable is not ranked ^*
in the Oil & Gas industry.
Industry Median: 61.045
* Ranked among companies with meaningful Days Payable only.

Hercules Offshore's Days Payable increased from Mar. 2015 (42.56) to Mar. 2016 (73.86). It may suggest that Hercules Offshore delayed paying its suppliers.

Hercules Offshore Days Payable Historical Data

The historical data trend for Hercules Offshore'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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Hercules Offshore Days Payable Chart

Hercules Offshore Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Days Payable

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48.96

53.19

55.86

41.99

Hercules Offshore Quarterly Data
	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16
Days Payable	Get a 7-Day Free Trial															42.56	55.36	51.06	-	73.86

Competitive Comparison of Hercules Offshore's Days Payable

For the Oil & Gas Drilling subindustry, Hercules Offshore'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.

Hercules Offshore's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Hercules Offshore's Days Payable falls into.

Hercules Offshore 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.

Hercules Offshore's Days Payable for the fiscal year that ended in Dec. 2015 is calculated as

	Days Payable (A: Dec. 2015 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2014 )	+	Accounts Payable (A: Dec. 2015 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2015 )	*	Days in Period
=	( (42.944	+	40.039)	/	2 )	/	0	*	365
=	41.4915					/	0	*	365
=	N/A

Hercules Offshore's Days Payable for the quarter that ended in Mar. 2016 is calculated as:

	Days Payable (Q: Mar. 2016 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2015 )	+	Accounts Payable (Q: Mar. 2016 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2016 )	*	Days in Period
=	( (40.039	+	27.402)	/	2 )	/	41.66	*	365 / 4
=	33.7205					/	41.66	*	365 / 4
=	73.86

Hercules Offshore Days Payable Related Terms

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Hercules Offshore (FRA:H6XA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hercules Offshore Inc (FRA:H6XA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.herculesoffshore.com

Hercules Offshore Inc is a Delaware corporation formed on July 27, 2004. The Company provides shallow-water drilling and marine services to the oil and natural gas exploration and production industry. It provides services to national oil and gas companies, to integrated energy companies and oil and natural gas operators. Its diverse fleet is capable of providing services such as oil and gas exploration and development drilling, well service, platform inspection, maintenance and decommissioning operations in several key shallow-water provinces. Its business segments includes: Domestic Offshore, International Offshore, and International Liftboats. Domestic Offshore includes 18 jackup rigs in the U.S. Gulf of Mexico that can drill in maximum water depths ranging from 120 to 350 feet. Nine of the jackup rigs are either under contract or available for contracts and nine are cold stacked. International Offshore includes nine jackup rigs outside of the U.S. Gulf of Mexico. The Company has three jackup rigs contracted offshore in Saudi Arabia, one jackup rig contracted offshore in Congo, one jackup rig ready stacked and one jackup rig warm stacked in Gabon, one jackup ready stacked in the Netherlands and one jackup rig warm stacked in Malaysia. Additionally, the Company has one newbuild jackup rig under construction in Singapore that is expected to be delivered in the second quarter of 2016. International Liftboats - includes 19 liftboats. Fifteen are operating or available for contracts offshore West Africa, one is cold stacked offshore West Africa and three are operating or available for contracts in the Middle East region. Its customers include integrated energy companies, independent oil and natural gas operators and national oil companies. The Company is subject to the jurisdiction of the Coast Guard, the National Transportation Safety Board, the Customs and Boarder Protection, the Department of Interior, the Bureau of Ocean Energy Management and the Bureau of Safety and Environmental Enforcement as well as private industry organizations such as the American Bureau of Shipping.

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