Unit (UNTCW) Days Payable : 35.88 (As of Dec. 2023)

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What is Unit Days Payable?

Unit's average Accounts Payable for the three months ended in Dec. 2023 was $19.03 Mil. Unit's Cost of Goods Sold for the three months ended in Dec. 2023 was $48.41 Mil. Hence, Unit's Days Payable for the three months ended in Dec. 2023 was 35.88.

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

UNTCW' s Days Payable Range Over the Past 10 Years
Min: 34.72 Med: 58.01 Max: 71.52
Current: 34.72

During the past 13 years, Unit's highest Days Payable was 71.52. The lowest was 34.72. And the median was 58.01.

UNTCW's Days Payable is ranked worse than
71.75% of 899 companies
in the Oil & Gas industry
Industry Median: 61.13 vs UNTCW: 34.72

Unit's Days Payable declined from Dec. 2022 (37.31) to Dec. 2023 (35.88). It may suggest that Unit accelerated paying its suppliers.

Unit Days Payable Historical Data

The historical data trend for Unit'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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Unit Days Payable Chart

Unit Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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65.27

41.26

50.53

37.93

Unit Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															37.31	36.41	32.43	30.93	35.88

Competitive Comparison of Unit's Days Payable

For the Oil & Gas Integrated subindustry, Unit'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.

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

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

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

Unit 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.

Unit'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
=	( (20.356	+	19.448)	/	2 )	/	191.498	*	365
=	19.902					/	191.498	*	365
=	37.93

Unit's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (18.621	+	19.448)	/	2 )	/	48.411	*	365 / 4
=	19.0345					/	48.411	*	365 / 4
=	35.88

Unit Days Payable Related Terms

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Unit (UNTCW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Unit Corp (OTCPK:UNTCW) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

UNTC:USA

Address

8200 South Unit Drive, Tulsa, OK, USA, 74132

Website

https://www.unitcorp.com

Unit Corp is an oil and natural gas contract drilling company. The company is also in exploration and production and mid-stream areas. There are three segments which include Oil and Natural gas, Contract Drilling and Mid-stream. The oil and natural gas segment is engaged in the development, acquisition, and production of oil, NGLs, and natural gas properties. The contract drilling segment is engaged in the land contract drilling of oil and natural gas wells and the mid-stream segment is engaged in the buying, selling, gathering, processing, and treating of natural gas. Majority of revenue is generated from Oil and Natural Gas.