Genel Energy (Genel Energy) Days Payable : 685.77 (As of Dec. 2023)

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What is Genel Energy Days Payable?

Genel Energy's average Accounts Payable for the six months ended in Dec. 2023 was $61.25 Mil. Genel Energy's Cost of Goods Sold for the six months ended in Dec. 2023 was $16.30 Mil. Hence, Genel Energy's Days Payable for the six months ended in Dec. 2023 was 685.77.

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

GEGYF' s Days Payable Range Over the Past 10 Years
Min: 121.54 Med: 187.69 Max: 400.92
Current: 387.96

During the past 13 years, Genel Energy's highest Days Payable was 400.92. The lowest was 121.54. And the median was 187.69.

GEGYF's Days Payable is ranked better than
88.89% of 900 companies
in the Oil & Gas industry
Industry Median: 61.045 vs GEGYF: 387.96

Genel Energy's Days Payable increased from Dec. 2022 (264.49) to Dec. 2023 (685.77). It may suggest that Genel Energy delayed paying its suppliers.

Genel Energy Days Payable Historical Data

The historical data trend for Genel 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.

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Genel Energy Days Payable Chart

Genel Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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135.19

187.11

164.05

194.85

391.87

Genel 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															151.05	159.35	264.49	274.87	685.77

Competitive Comparison of Genel Energy's Days Payable

For the Oil & Gas E&P subindustry, Genel 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.

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

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

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

Genel 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.

Genel Energy'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
=	( (82.4	+	57.6)	/	2 )	/	65.2	*	365
=	70					/	65.2	*	365
=	391.87

Genel 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
=	( (64.9	+	57.6)	/	2 )	/	16.3	*	365 / 2
=	61.25					/	16.3	*	365 / 2
=	685.77

Genel Energy Days Payable Related Terms

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Genel Energy (Genel Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Genel Energy PLC (OTCPK:GEGYF) » Definitions » Days Payable

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GENLl:UK GENL:UK 4VL:Germany

Address

Fifth Floor, 36 Broadway, Victoria, London, GBR, SW1H 0BH

Website

https://www.genelenergy.com

Genel Energy PLC produces oil and gas primarily in the Kurdistan region of Iraq. The Company has two reportable business segments: Production and Pre-production. Capital allocation decisions for the production segment are considered in the context of the cash flows expected from the production and sale of crude oil. The production segment is comprised of the producing fields on the Tawke PSC , the Taq Taq PSC and the Sarta PSC which are located in the KRI and make sales predominantly to the KRG. The pre-production segment is comprised of discovered resource held under the Qara Dagh PSC, the Bina Bawi PSC and the Miran PSC , all in the KRI and exploration activity, principally located in Somaliland and Morocco.