Coastal Energy Co (LSE:CEO) Days Payable : 26.97 (As of Sep. 2013)

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What is Coastal Energy Co Days Payable?

Coastal Energy Co's average Accounts Payable for the three months ended in Sep. 2013 was £17.1 Mil. Coastal Energy Co's Cost of Goods Sold for the three months ended in Sep. 2013 was £58.0 Mil. Hence, Coastal Energy Co's Days Payable for the three months ended in Sep. 2013 was 26.97.

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

LSE:CEO's Days Payable is not ranked ^*
in the Oil & Gas industry.
Industry Median: 60.89
* Ranked among companies with meaningful Days Payable only.

Coastal Energy Co's Days Payable increased from Sep. 2012 (0.00) to Sep. 2013 (26.97). It may suggest that Coastal Energy Co delayed paying its suppliers.

Coastal Energy Co Days Payable Historical Data

The historical data trend for Coastal Energy 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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Coastal Energy Co Days Payable Chart

Coastal Energy Co Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Days Payable

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1,454.31

Coastal Energy Co Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
Days Payable	Get a 7-Day Free Trial															-	-	-	35.07	26.97

Competitive Comparison of Coastal Energy Co's Days Payable

For the Oil & Gas E&P subindustry, Coastal Energy 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.

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

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

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

Coastal Energy 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.

Coastal Energy Co's Days Payable for the fiscal year that ended in Dec. 2012 is calculated as

	Days Payable (A: Dec. 2012 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2011 )	+	Accounts Payable (A: Dec. 2012 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2012 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	144.461	*	365
=	0					/	144.461	*	365
=	0.00

Coastal Energy Co's Days Payable for the quarter that ended in Sep. 2013 is calculated as:

	Days Payable (Q: Sep. 2013 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2013 )	+	Accounts Payable (Q: Sep. 2013 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2013 )	*	Days in Period
=	( (13.418	+	20.865)	/	2 )	/	57.99	*	365 / 4
=	17.1415					/	57.99	*	365 / 4
=	26.97

Coastal Energy Co Days Payable Related Terms

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Coastal Energy Co (LSE:CEO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Coastal Energy Co (LSE:CEO) » Definitions » Days Payable

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Address

Website

http://www.CoastalEnergy.com

Coastal Energy Company was founded in 2004.The company is involved in the acquisition, exploration and development of oil and gas properties in the Gulf of Thailand and Malaysia. It is also involved in the acquisition, exploration and development of onshore petroleum properties in Thailand.