PetroVietnam Gas JSC (STC:GAS) Days Payable : 32.33 (As of Mar. 2024)

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What is PetroVietnam Gas JSC Days Payable?

PetroVietnam Gas JSC's average Accounts Payable for the three months ended in Mar. 2024 was ₫6,952,779 Mil. PetroVietnam Gas JSC's Cost of Goods Sold for the three months ended in Mar. 2024 was ₫19,623,883 Mil. Hence, PetroVietnam Gas JSC's Days Payable for the three months ended in Mar. 2024 was 32.33.

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

STC:GAS' s Days Payable Range Over the Past 10 Years
Min: 13.11 Med: 17.11 Max: 34.46
Current: 26.15

During the past 13 years, PetroVietnam Gas JSC's highest Days Payable was 34.46. The lowest was 13.11. And the median was 17.11.

STC:GAS's Days Payable is ranked worse than
80.44% of 900 companies
in the Oil & Gas industry
Industry Median: 61.375 vs STC:GAS: 26.15

PetroVietnam Gas JSC's Days Payable increased from Mar. 2023 (29.39) to Mar. 2024 (32.33). It may suggest that PetroVietnam Gas JSC delayed paying its suppliers.

PetroVietnam Gas JSC Days Payable Historical Data

The historical data trend for PetroVietnam Gas JSC'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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PetroVietnam Gas JSC Days Payable Chart

PetroVietnam Gas JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

14.38

15.89

26.13

30.53

34.46

PetroVietnam Gas JSC 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															29.39	20.69	23.58	28.66	32.33

Competitive Comparison of PetroVietnam Gas JSC's Days Payable

For the Oil & Gas Integrated subindustry, PetroVietnam Gas JSC'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.

PetroVietnam Gas JSC's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where PetroVietnam Gas JSC's Days Payable falls into.

PetroVietnam Gas JSC 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.

PetroVietnam Gas JSC'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
=	( (6652093.472	+	7137955.519)	/	2 )	/	73028985.057	*	365
=	6895024.4955					/	73028985.057	*	365
=	34.46

PetroVietnam Gas JSC'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
=	( (7137955.519	+	6767602.636)	/	2 )	/	19623882.865	*	365 / 4
=	6952779.0775					/	19623882.865	*	365 / 4
=	32.33

PetroVietnam Gas JSC Days Payable Related Terms

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PetroVietnam Gas JSC (STC:GAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PetroVietnam Gas JSC (STC:GAS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 673 Nguyen Huu Tho Street, 12th, 12Ath, 14th, 15th Floor, PV Gas Building, Phuoc Kien Commune, Nha Be District, Ho Chi Minh City, VNM

Website

https://www.pvgas.com.vn

PetroVietnam Gas JSC is a Vietnam-based company which is active in the oil and gas industry. The principal activities of the company are to collect, import, transport, store, process, distribute, trade gas and gas products. It is engaged in distributing, trading gas and dry gas products, LNG (liquefied natural gas), CNG (Compressed natural gas), LPG (Liquefied Petroleum Gas) and condensates for industrial and household use as well as managing, operating, maintaining and restoring all gas works. The company also provides services in the gas industry such as renovating, maintaining, and restoring engines, installing conversion equipment for means of transport and agriculture, forestry and others. It operates its business across the Vietnam.