Prosafe SE (OSL:PRS) Days Payable : 123.84 (As of Dec. 2023)

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What is Prosafe SE Days Payable?

Prosafe SE's average Accounts Payable for the three months ended in Dec. 2023 was kr142 Mil. Prosafe SE's Cost of Goods Sold for the three months ended in Dec. 2023 was kr104 Mil. Hence, Prosafe SE's Days Payable for the three months ended in Dec. 2023 was 123.84.

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

OSL:PRS' s Days Payable Range Over the Past 10 Years
Min: 9 Med: 29.64 Max: 204.84
Current: 204.84

During the past 13 years, Prosafe SE's highest Days Payable was 204.84. The lowest was 9.00. And the median was 29.64.

OSL:PRS's Days Payable is ranked better than
82.76% of 899 companies
in the Oil & Gas industry
Industry Median: 59.45 vs OSL:PRS: 204.84

Prosafe SE's Days Payable declined from Dec. 2022 (132.63) to Dec. 2023 (123.84). It may suggest that Prosafe SE accelerated paying its suppliers.

Prosafe SE Days Payable Historical Data

The historical data trend for Prosafe SE'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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Prosafe SE Days Payable Chart

Prosafe SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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10.16

18.92

17.46

29.30

41.10

Prosafe SE 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															132.63	167.95	370.84	377.39	123.84

Competitive Comparison of Prosafe SE's Days Payable

For the Oil & Gas Equipment & Services subindustry, Prosafe SE'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.

Prosafe SE's Days Payable Distribution in the Oil & Gas Industry

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

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

Prosafe SE 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.

Prosafe SE'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
=	( (30.628	+	43.253)	/	2 )	/	328.086	*	365
=	36.9405					/	328.086	*	365
=	41.10

Prosafe SE'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
=	( (240.233	+	43.253)	/	2 )	/	104.439	*	365 / 4
=	141.743					/	104.439	*	365 / 4
=	123.84

Prosafe SE Days Payable Related Terms

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Prosafe SE (OSL:PRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Prosafe SE (OSL:PRS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PRSEF:USA PRSo:Sweden 1Q6:Germany

Address

Forusparken 2, Stavanger, NOR, 4031

Website

https://www.prosafe.com

Prosafe SE is an owner and operator of semi-submersible accommodation, safety, and support vessels, and one Tender Support Vessel. The company's vessels primarily serves energy companies on various offshore projects in global offshore oil and gas areas. The company's operations are related to the support of the lifecycle of offshore installations such as maintenance and modification of installations on fields already in production, hook-up and commissioning of new fields, tie-backs to existing infrastructure and decommissioning. Its core markets are the North Sea and Brazil.