Eurasia Drilling Co (LSE:EDCL) Days Payable : 63.38 (As of Jun. 2015)

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What is Eurasia Drilling Co Days Payable?

Eurasia Drilling Co's average Accounts Payable for the six months ended in Jun. 2015 was $252 Mil. Eurasia Drilling Co's Cost of Goods Sold for the six months ended in Jun. 2015 was $726 Mil. Hence, Eurasia Drilling Co's Days Payable for the six months ended in Jun. 2015 was 63.38.

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

LSE:EDCL' s Days Payable Range Over the Past 10 Years
Min: 0 Med: 0 Max: 53.6
Current: 53.6

During the past 9 years, Eurasia Drilling Co's highest Days Payable was 53.60. The lowest was 0.00. And the median was 0.00.

LSE:EDCL's Days Payable is not ranked
in the Oil & Gas industry.
Industry Median: 61.11 vs LSE:EDCL: 53.60

Eurasia Drilling Co's Days Payable declined from Jun. 2014 (74.57) to Jun. 2015 (63.38). It may suggest that Eurasia Drilling Co accelerated paying its suppliers.

Eurasia Drilling Co Days Payable Historical Data

The historical data trend for Eurasia Drilling Co'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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Eurasia Drilling Co Days Payable Chart

Eurasia Drilling Co Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Days Payable

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74.35

63.77

74.03

69.92

63.27

Eurasia Drilling Co Semi-Annual Data
	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15
Days Payable	Get a 7-Day Free Trial								70.69	54.35	74.57	57.51	63.38

Competitive Comparison of Eurasia Drilling Co's Days Payable

For the Oil & Gas Drilling subindustry, Eurasia Drilling Co'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.

Eurasia Drilling Co's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Eurasia Drilling Co's Days Payable falls into.

Eurasia Drilling Co 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.

Eurasia Drilling Co's Days Payable for the fiscal year that ended in Dec. 2014 is calculated as

	Days Payable (A: Dec. 2014 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2013 )	+	Accounts Payable (A: Dec. 2014 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2014 )	*	Days in Period
=	( (539.298	+	241.352)	/	2 )	/	2251.86	*	365
=	390.325					/	2251.86	*	365
=	63.27

Eurasia Drilling Co's Days Payable for the quarter that ended in Jun. 2015 is calculated as:

	Days Payable (Q: Jun. 2015 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2014 )	+	Accounts Payable (Q: Jun. 2015 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2015 )	*	Days in Period
=	( (241.352	+	263.13)	/	2 )	/	726.322	*	365 / 2
=	252.241					/	726.322	*	365 / 2
=	63.38

Eurasia Drilling Co Days Payable Related Terms

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Eurasia Drilling Co (LSE:EDCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Eurasia Drilling Co Ltd (LSE:EDCL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.eurasiadrilling.com

Eurasia Drilling Co Ltd was incorporated on November 25, 2002 under the Law of the Cayman Islands. The Company is engaged in providing exploratory and developmental drilling and oil and gas field services to companies operating within the Russian Federation, Kazakhstan, Iraq and the Caspian Sea region. The Company operates in two operating and geographical segments: onshore drilling conducted in the CIS and off-shore drilling conducted in the Caspian Sea.

Eurasia Drilling Co (LSE:EDCL) Headlines

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