United Oil & Gas (LSE:UOG) Days Payable : 124.85 (As of Jun. 2023)

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What is United Oil & Gas Days Payable?

United Oil & Gas's average Accounts Payable for the six months ended in Jun. 2023 was £2.25 Mil. United Oil & Gas's Cost of Goods Sold for the six months ended in Jun. 2023 was £3.29 Mil. Hence, United Oil & Gas's Days Payable for the six months ended in Jun. 2023 was 124.85.

The historical rank and industry rank for United Oil & Gas's Days Payable or its related term are showing as below:

LSE:UOG' s Days Payable Range Over the Past 10 Years
Min: 35.1 Med: 35.4 Max: 142.77
Current: 142.77

During the past 8 years, United Oil & Gas's highest Days Payable was 142.77. The lowest was 35.10. And the median was 35.40.

LSE:UOG's Days Payable is ranked better than
75.64% of 899 companies
in the Oil & Gas industry
Industry Median: 61.13 vs LSE:UOG: 142.77

United Oil & Gas's Days Payable increased from Jun. 2022 (109.70) to Jun. 2023 (124.85). It may suggest that United Oil & Gas delayed paying its suppliers.

United Oil & Gas Days Payable Historical Data

The historical data trend for United Oil & Gas'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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United Oil & Gas Days Payable Chart

United Oil & Gas Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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35.10

41.12

35.40

United Oil & Gas Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial											108.25	113.86	109.70	100.60	124.85

Competitive Comparison of United Oil & Gas's Days Payable

For the Oil & Gas E&P subindustry, United Oil & Gas'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.

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

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

* The bar in red indicates where United Oil & Gas's Days Payable falls into.

United Oil & Gas 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.

United Oil & Gas'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
=	( (0.887	+	0.41)	/	2 )	/	6.687	*	365
=	0.6485					/	6.687	*	365
=	35.40

United Oil & Gas'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
=	( (0.41	+	4.097)	/	2 )	/	3.294	*	365 / 2
=	2.2535					/	3.294	*	365 / 2
=	124.85

United Oil & Gas Days Payable Related Terms

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United Oil & Gas (LSE:UOG) Business Description

Industry

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

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Traded in Other Exchanges

1UO:Germany

Address

34-43 Lincoln’s Inn Fields, 2nd Floor, London, GBR, WC2A 3PA

Website

https://www.uogplc.com

United Oil & Gas PLC is engaged in the production and development exploration for crude oil petroleum and natural gas. The group operates in three geographic areas - the UK, Europe, Latin America, and Egypt. The Egypt segment generates the maximum revenue for the company.

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