Diamond Offshore Drilling (Diamond Offshore Drilling) Days Payable

: 18.92 (As of Dec. 2023)

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Diamond Offshore Drilling's average Accounts Payable for the three months ended in Dec. 2023 was $48 Mil. Diamond Offshore Drilling's Cost of Goods Sold for the three months ended in Dec. 2023 was $234 Mil. Hence, Diamond Offshore Drilling's Days Payable for the three months ended in Dec. 2023 was 18.92.

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

DO' s Days Payable Range Over the Past 10 Years
Min: 17.46 Med: 18.11 Max: 19.06
Current: 19.06

During the past 4 years, Diamond Offshore Drilling's highest Days Payable was 19.06. The lowest was 17.46. And the median was 18.11.

DO's Days Payable is ranked worse than
87% of 900 companies
in the Oil & Gas industry
Industry Median: 59.865 vs DO: 19.06

Diamond Offshore Drilling's Days Payable increased from Dec. 2022 (18.23) to Dec. 2023 (18.92). It may suggest that Diamond Offshore Drilling delayed paying its suppliers.

Diamond Offshore Drilling Days Payable Historical Data

The historical data trend for Diamond Offshore Drilling'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.

* Premium members only.

Diamond Offshore Drilling Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

18.76

17.46

Diamond Offshore Drilling Quarterly Data
	Dec20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable							18.23	20.93	17.81	20.45	18.92

Competitive Comparison

For the Oil & Gas Drilling subindustry, Diamond Offshore Drilling'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.

Diamond Offshore Drilling Days Payable Distribution

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

* The bar in red indicates where Diamond Offshore Drilling's Days Payable falls into.

Diamond Offshore Drilling 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.

Diamond Offshore Drilling'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
=	( (47.647	+	42.037)	/	2 )	/	937.252	*	365
=	44.842					/	937.252	*	365
=	17.46

Diamond Offshore Drilling'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
=	( (54.927	+	42.037)	/	2 )	/	233.812	*	365 / 4
=	48.482					/	233.812	*	365 / 4
=	18.92

Diamond Offshore Drilling Days Payable Related Terms

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Diamond Offshore Drilling (Diamond Offshore Drilling) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Diamond Offshore Drilling Inc (NYSE:DO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

DO10:Germany

Address

15415 Katy Freeway, Houston, TX, USA, 77094

Website

http://www.diamondoffshore.com

Diamond Offshore Drilling Inc is a leader in offshore drilling, providing contract drilling services to the energy industry around the globe with a total fleet of 12 offshore drilling rigs, consisting of eight semisubmersibles and four dynamically positioned drillships.

Executives

Dominic A Savarino	officer: VP and Chief Acct/Tax Officer	15415 KATY FREEWAY, SUITE 100, HOUSTON TX 77094
Patrice D Douglas	director	1712 CROSSBOW, EDMOND OK 73034
Benjamin Duster	director	200 E. 84ST, 8TH FLOOR, NEW YORK NY 10028
Ane Launy	director	15415 KATY FREEWAY, SUITE 100, HOUSTON TX 77094
Patrick Carey Lowe	director	6 CHESTERFIELD GARDENS, 3RD FLOOR, LONDON X0 W1J 5BQ
Adam C Peakes	director	13135 S. DAIRY ASHFORD, STE. 800, SUGAR LAND TX 77478
Bernie G. Wolford	director, officer: President and CEO	15415 KATY FREEWAY, SUITE 100, HOUSTON TX 770904
Neal P Goldman	director	10700 PARKRIDGE BLVD., RESTON VA 20191
John Hollowell	director	ONE SHELL PLAZA, 910 LOUISIANA STREET, HOUSTON TX 77002
Raj Iyer	director	15415 KATY FREEWAY, SUITE 100, HOUSTON TX 77094
Peter Mcteague	director	15415 KATY FREEWAY, SUITE 100, HOUSTON TX 77094
Alan H Howard	director
Anatol Feygin	director	700 MILAM STREET, SUITE 1900, HOUSTON TX 77002
Scott Lee Kornblau	officer: Acting Chief Financial Officer	15415 KATY FREEWAY, SUITE 100, HOUSTON TX 77094
Thomas Roth	officer: Senior Vice President	15415 KATY FREEWAY, SUITE 100, HOUSTON TX 77094