Argeo AS (OSL:ARGEO) Days Payable : 129.77 (As of Mar. 2024)

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What is Argeo AS Days Payable?

Argeo AS's average Accounts Payable for the three months ended in Mar. 2024 was kr80.4 Mil. Argeo AS's Cost of Goods Sold for the three months ended in Mar. 2024 was kr56.5 Mil. Hence, Argeo AS's Days Payable for the three months ended in Mar. 2024 was 129.77.

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

OSL:ARGEO' s Days Payable Range Over the Past 10 Years
Min: 93.82 Med: 109.36 Max: 122.59
Current: 93.82

During the past 6 years, Argeo AS's highest Days Payable was 122.59. The lowest was 93.82. And the median was 109.36.

OSL:ARGEO's Days Payable is ranked better than
64.7% of 898 companies
in the Oil & Gas industry
Industry Median: 61.48 vs OSL:ARGEO: 93.82

Argeo AS's Days Payable increased from Mar. 2023 (81.60) to Mar. 2024 (129.77). It may suggest that Argeo AS delayed paying its suppliers.

Argeo AS Days Payable Historical Data

The historical data trend for Argeo AS'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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Argeo AS Days Payable Chart

Argeo AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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122.59

98.45

109.36

Argeo AS Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial													81.60	-	-	30.22	129.77

Competitive Comparison of Argeo AS's Days Payable

For the Oil & Gas Equipment & Services subindustry, Argeo AS'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.

Argeo AS's Days Payable Distribution in the Oil & Gas Industry

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

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

Argeo AS 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.

Argeo AS'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
=	( (23.811	+	68.107)	/	2 )	/	153.399	*	365
=	45.959					/	153.399	*	365
=	109.36

Argeo AS'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
=	( (68.107	+	92.718)	/	2 )	/	56.542	*	365 / 4
=	80.4125					/	56.542	*	365 / 4
=	129.77

Argeo AS Days Payable Related Terms

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Argeo AS (OSL:ARGEO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Argeo AS (OSL:ARGEO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

8W2:Germany

Address

Nye Vakasvei 14, Hvalstad, Norge, NOR, 1395

Website

https://www.argeo.no

Argeo AS offers the ocean surveying and inspection industry by utilizing autonomous surface and underwater robotics solutions. This company is equipped with individual sensors and digital imaging technology, these autonomous underwater vehicles increase efficiency and imaging quality, in addition, to contributing to substantially reducing CO2 emissions from operations. The company's digital models and digital twin solutions are based on geophysical, hydrographic, and geological methods from shallow water to the deepest oceans for market segments in Infrastructure, Offshore Wind, Oil & Gas, and Deep Sea Minerals.

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