Petron Malaysia Refining & Marketing Bhd (XKLS:3042) Days Payable : 26.64 (As of Dec. 2023)

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What is Petron Malaysia Refining & Marketing Bhd Days Payable?

Petron Malaysia Refining & Marketing Bhd's average Accounts Payable for the three months ended in Dec. 2023 was RM1,302 Mil. Petron Malaysia Refining & Marketing Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM4,461 Mil. Hence, Petron Malaysia Refining & Marketing Bhd's Days Payable for the three months ended in Dec. 2023 was 26.64.

The historical rank and industry rank for Petron Malaysia Refining & Marketing Bhd's Days Payable or its related term are showing as below:

XKLS:3042' s Days Payable Range Over the Past 10 Years
Min: 19.86 Med: 27.16 Max: 38.48
Current: 28.08

During the past 13 years, Petron Malaysia Refining & Marketing Bhd's highest Days Payable was 38.48. The lowest was 19.86. And the median was 27.16.

XKLS:3042's Days Payable is ranked worse than
79.33% of 900 companies
in the Oil & Gas industry
Industry Median: 60.89 vs XKLS:3042: 28.08

Petron Malaysia Refining & Marketing Bhd's Days Payable declined from Dec. 2022 (28.44) to Dec. 2023 (26.64). It may suggest that Petron Malaysia Refining & Marketing Bhd accelerated paying its suppliers.

Petron Malaysia Refining & Marketing Bhd Days Payable Historical Data

The historical data trend for Petron Malaysia Refining & Marketing Bhd'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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Petron Malaysia Refining & Marketing Bhd Days Payable Chart

Petron Malaysia Refining & Marketing Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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27.43

37.62

27.91

19.86

21.18

Petron Malaysia Refining & Marketing Bhd 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															28.44	28.80	31.91	31.87	26.64

Competitive Comparison of Petron Malaysia Refining & Marketing Bhd's Days Payable

For the Oil & Gas Refining & Marketing subindustry, Petron Malaysia Refining & Marketing Bhd'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.

Petron Malaysia Refining & Marketing Bhd's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Petron Malaysia Refining & Marketing Bhd's Days Payable distribution charts can be found below:

* The bar in red indicates where Petron Malaysia Refining & Marketing Bhd's Days Payable falls into.

Petron Malaysia Refining & Marketing Bhd 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.

Petron Malaysia Refining & Marketing Bhd'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
=	( (1046.239	+	886.478)	/	2 )	/	16652.375	*	365
=	966.3585					/	16652.375	*	365
=	21.18

Petron Malaysia Refining & Marketing Bhd'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
=	( (1718.472	+	886.478)	/	2 )	/	4460.87	*	365 / 4
=	1302.475					/	4460.87	*	365 / 4
=	26.64

Petron Malaysia Refining & Marketing Bhd Days Payable Related Terms

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Petron Malaysia Refining & Marketing Bhd (XKLS:3042) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petron Malaysia Refining & Marketing Bhd (XKLS:3042) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 46, Jalan Dungun, Level 12A, Menara I & P, Tower 1, Damansara Heights, Kuala Lumpur, SGR, MYS, 50490

Website

https://www.petron.com.my

Petron Malaysia Refining & Marketing Bhd is an oil company engaged in producing a wide range of petroleum products which include Gasoline, Automotive Diesel Oil (ADO), Liquefied Petroleum Gas (LPG), Jet Fuel, Naphtha, and Low Sulphur Waxy Residue (LSWR). The company is organized as one integrated business segment which operates to manufacture and sell petroleum products. Geographically majority of its revenue gets derived from the domestic market.

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