Block Energy (LSE:BLOE) Days Payable : 78.25 (As of Jun. 2023)

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What is Block Energy Days Payable?

Block Energy's average Accounts Payable for the six months ended in Jun. 2023 was £0.95 Mil. Block Energy's Cost of Goods Sold for the six months ended in Jun. 2023 was £2.22 Mil. Hence, Block Energy's Days Payable for the six months ended in Jun. 2023 was 78.25.

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

LSE:BLOE' s Days Payable Range Over the Past 10 Years
Min: 56.56 Med: 63.17 Max: 100.89
Current: 58.07

During the past 6 years, Block Energy's highest Days Payable was 100.89. The lowest was 56.56. And the median was 63.17.

LSE:BLOE's Days Payable is ranked worse than
51.33% of 900 companies
in the Oil & Gas industry
Industry Median: 61.045 vs LSE:BLOE: 58.07

Block Energy's Days Payable increased from Jun. 2022 (66.38) to Jun. 2023 (78.25). It may suggest that Block Energy delayed paying its suppliers.

Block Energy Days Payable Historical Data

The historical data trend for Block 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.

Block Energy Days Payable Chart

Block Energy Annual Data

Trend

Jun16

Jun17

Jun18

Dec20

Dec21

Dec22

Days Payable

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100.89

66.34

56.56

59.99

Block Energy Semi-Annual Data
	Jun16	Jun17	Dec17	Jun18	Dec18	Jun19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial								77.22	51.79	66.38	47.27	78.25

Competitive Comparison of Block Energy's Days Payable

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

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

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

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

Block 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.

Block Energy's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.635	+	0.97)	/	2 )	/	4.883	*	365
=	0.8025					/	4.883	*	365
=	59.99

Block Energy's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.97	+	0.932)	/	2 )	/	2.218	*	365 / 2
=	0.951					/	2.218	*	365 / 2
=	78.25

Block Energy Days Payable Related Terms

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Block Energy (LSE:BLOE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Block Energy PLC (LSE:BLOE) » Definitions » Days Payable

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BE9:Germany

Address

25 Eccleston Place, Eccleston Yards, London, GBR, SW1W 9NF

Website

https://www.blockenergy.co.uk

Block Energy PLC is an oil exploration, development and production company whose main country of operation is the Republic of Georgia. Its segments include Oil extraction in Georgia and the Corporate function. The company has interests in the Norio oil field, Satskhenisi, and West Rustavi field.

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