Petrofac (LSE:PFC) Days Payable : 76.49 (As of Jun. 2023)

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What is Petrofac Days Payable?

Petrofac's average Accounts Payable for the six months ended in Jun. 2023 was £399 Mil. Petrofac's Cost of Goods Sold for the six months ended in Jun. 2023 was £951 Mil. Hence, Petrofac's Days Payable for the six months ended in Jun. 2023 was 76.49.

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

LSE:PFC' s Days Payable Range Over the Past 10 Years
Min: 24.09 Med: 50.19 Max: 95.5
Current: 64.67

During the past 13 years, Petrofac's highest Days Payable was 95.50. The lowest was 24.09. And the median was 50.19.

LSE:PFC's Days Payable is ranked better than
52.84% of 899 companies
in the Oil & Gas industry
Industry Median: 61.11 vs LSE:PFC: 64.67

Petrofac's Days Payable declined from Jun. 2022 (77.62) to Jun. 2023 (76.49). It may suggest that Petrofac accelerated paying its suppliers.

Petrofac Days Payable Historical Data

The historical data trend for Petrofac'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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Petrofac Days Payable Chart

Petrofac Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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48.49

76.99

95.50

90.28

66.50

Petrofac Semi-Annual Data
	Dec13	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															93.49	72.55	77.62	54.67	76.49

Competitive Comparison of Petrofac's Days Payable

For the Oil & Gas Equipment & Services subindustry, Petrofac'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.

Petrofac's Days Payable Distribution in the Oil & Gas Industry

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

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

Petrofac 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.

Petrofac'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
=	( (421.872	+	376.018)	/	2 )	/	2189.607	*	365
=	398.945					/	2189.607	*	365
=	66.50

Petrofac'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
=	( (376.018	+	421.344)	/	2 )	/	951.192	*	365 / 2
=	398.681					/	951.192	*	365 / 2
=	76.49

Petrofac Days Payable Related Terms

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Petrofac (LSE:PFC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petrofac Ltd (LSE:PFC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

POFCY:USA POFCF:USA PFCl:UK P2F:Germany

Address

26 New Street, St Helier, JEY, JE2 3RA

Website

https://www.petrofac.com

Petrofac Ltd provides engineering and construction services to the oil and gas production and processing industry. It designs, builds, operates and maintains oil and gas facilities. The operating segments of the company include Engineering and Construction, Asset solutions, and Integrated energy services. It derives the majority of the revenue from Engineering and Construction which provides fixed-price engineering, procurement and construction project execution services and reimbursable engineering, procurement and construction management services to the onshore and offshore oil and gas industry. The company operates worldwide and generates most of its revenue from the United kingdom.