TGS ASA (OSL:TGS) Days Payable

: 72.72 (As of Dec. 2023)

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TGS ASA's average Accounts Payable for the three months ended in Dec. 2023 was kr1,118 Mil. TGS ASA's Cost of Goods Sold for the three months ended in Dec. 2023 was kr1,403 Mil. Hence, TGS ASA's Days Payable for the three months ended in Dec. 2023 was 72.72.

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

OSL:TGS' s Days Payable Range Over the Past 10 Years
Min: 27.18 Med: 91.6 Max: 130.75
Current: 66.98

During the past 13 years, TGS ASA's highest Days Payable was 130.75. The lowest was 27.18. And the median was 91.60.

OSL:TGS's Days Payable is ranked better than
53.89% of 900 companies
in the Oil & Gas industry
Industry Median: 59.865 vs OSL:TGS: 66.98

TGS ASA's Days Payable increased from Dec. 2022 (49.09) to Dec. 2023 (72.72). It may suggest that TGS ASA delayed paying its suppliers.

TGS ASA Days Payable Historical Data

The historical data trend for TGS ASA'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.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 93.53 [6] => 94.28 [7] => 28.12 [8] => 27.46 [9] => 27.18 )

TGS ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

93.53

94.28

28.12

27.46

27.18

TGS ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																49.09	57.57	83.82	91.46	72.72

Competitive Comparison

For the Oil & Gas Equipment & Services subindustry, TGS ASA'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.

TGS ASA Days Payable Distribution

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

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

TGS ASA 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.

TGS ASA'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
=	( (349.074	+	499.926)	/	2 )	/	5700.991	*	365
=	424.5					/	5700.991	*	365
=	27.18

TGS ASA'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
=	( (1737.005	+	499.926)	/	2 )	/	1403.492	*	365 / 4
=	1118.4655					/	1403.492	*	365 / 4
=	72.72

TGS ASA Days Payable Related Terms

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TGS ASA (OSL:TGS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TGS ASA (OSL:TGS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TGSGY:USA TGSo:Sweden 0MSJ:UK TGC:Germany

Address

Askekroken 11, Oslo, NOR, 0277

Website

https://www.tgs.com

TGS ASA provides geoscientific data products and services to the oil and gas industry to assist with licensing rounds and the preparation of regional data programs. It invests in multiclient data projects in frontier, emerging, and mature markets worldwide to develop a library of seismic imaging, well data, and interpretive products and services. Reportable segments are Western Hemisphere, Eastern Hemisphere, Digital Energy Solutions, Data Acquisition and Others. The company offers interpretation studies and services that integrate seismic, well logs, biostratigraphic data, core data and other geoscientific data to create basin-wide regional frameworks. TGS' geoscientists also contract consulting work in geology, geophysics, and petrophysics. Majority revenue comes from Latin America.