Echo Energy (LSE:ECHO) Days Payable : 0.00 (As of Jun. 2023)

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What is Echo Energy Days Payable?

Echo Energy's average Accounts Payable for the six months ended in Jun. 2023 was £0.93 Mil. Echo Energy's Cost of Goods Sold for the six months ended in Jun. 2023 was £0.00 Mil.

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

During the past 13 years, Echo Energy's highest Days Payable was 55.91. The lowest was 10.95. And the median was 33.43.

LSE:ECHO's Days Payable is not ranked ^*
in the Oil & Gas industry.
Industry Median: 60.98
* Ranked among companies with meaningful Days Payable only.

Echo Energy's Days Payable declined from Jun. 2022 (251.08) to Jun. 2023 (0.00). It may suggest that Echo Energy accelerated paying its suppliers.

Echo Energy Days Payable Historical Data

The historical data trend for Echo 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.

Echo Energy Days Payable Chart

Echo Energy Annual Data

Trend

Sep12

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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55.91

10.95

Echo Energy Semi-Annual Data
	Mar13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial															174.10	-	251.08	-	-

Competitive Comparison of Echo Energy's Days Payable

For the Oil & Gas Integrated subindustry, Echo 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.

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

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

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

Echo 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.

Echo 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
=	( (0.372	+	0.54)	/	2 )	/	0	*	365
=	0.456					/	0	*	365
=	N/A

Echo 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
=	( (0.54	+	1.316)	/	2 )	/	0	*	365 / 2
=	0.928					/	0	*	365 / 2
=	N/A

Echo Energy Days Payable Related Terms

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Echo Energy (LSE:ECHO) Business Description

Industry

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

Comparable Companies

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A3Z1:Germany A3Z1:Germany

Address

85 Great Portland Street, First Floor, London, GBR, W1W 7LT

Website

https://www.echoenergyplc.com

Echo Energy PLC is the holding company for a group of companies engaged in the exploration, appraisal, and development of oil and natural gas producing assets. It focuses on the development of assets in the Central and Southern American geographies.