Seplat Energy (LSE:SEPL) Days Payable : 58.71 (As of Mar. 2024)

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What is Seplat Energy Days Payable?

Seplat Energy's average Accounts Payable for the three months ended in Mar. 2024 was £69.4 Mil. Seplat Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was £107.9 Mil. Hence, Seplat Energy's Days Payable for the three months ended in Mar. 2024 was 58.71.

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

LSE:SEPL' s Days Payable Range Over the Past 10 Years
Min: 52.49 Med: 95.41 Max: 233.65
Current: 70.24

During the past 13 years, Seplat Energy's highest Days Payable was 233.65. The lowest was 52.49. And the median was 95.41.

LSE:SEPL's Days Payable is ranked better than
55.11% of 900 companies
in the Oil & Gas industry
Industry Median: 61.045 vs LSE:SEPL: 70.24

Seplat Energy's Days Payable declined from Mar. 2023 (69.29) to Mar. 2024 (58.71). It may suggest that Seplat Energy accelerated paying its suppliers.

Seplat Energy Days Payable Historical Data

The historical data trend for Seplat 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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Seplat Energy Days Payable Chart

Seplat Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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87.54

108.79

103.52

82.04

80.74

Seplat Energy Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															69.29	65.19	89.57	90.65	58.71

Competitive Comparison of Seplat Energy's Days Payable

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

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

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

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

Seplat 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.

Seplat 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
=	( (89.205	+	95.783)	/	2 )	/	418.127	*	365
=	92.494					/	418.127	*	365
=	80.74

Seplat Energy's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (95.783	+	43.072)	/	2 )	/	107.901	*	365 / 4
=	69.4275					/	107.901	*	365 / 4
=	58.71

Seplat Energy Days Payable Related Terms

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Seplat Energy (LSE:SEPL) Business Description

Industry

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

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SEPLAT:Nigeria SEPLl:UK 134:Germany

Address

16A Temple Road (Olu Holloway), Ikoyi, Lagos, NGA

Website

https://www.seplatenergy.com

Seplat Energy PLC formerly SEPLAT Petroleum Development Company PLC is a Nigerian independent upstream oil and gas company which focuses on production and development opportunities in Nigeria. The company has two reportable segments namely Oil and Gas. Geographically, it derives a majority of revenue from Switzerland. The company's exploration assets include OMLs 4, 38 and 41 which are located in Edo and Delta States onshore Nigeria; OPL 283 Marginal Field Area; and OML 53, which is located onshore in Imo State in the North-Eastern Niger Delta.

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