ADNOC Gas (ADX:ADNOCGAS) Days Payable : 2.96 (As of Dec. 2023)

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What is ADNOC Gas Days Payable?

ADNOC Gas's average Accounts Payable for the six months ended in Dec. 2023 was د.إ393 Mil. ADNOC Gas's Cost of Goods Sold for the six months ended in Dec. 2023 was د.إ48,531 Mil. Hence, ADNOC Gas's Days Payable for the six months ended in Dec. 2023 was 1.48.

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

ADX:ADNOCGAS' s Days Payable Range Over the Past 10 Years
Min: 2.96 Med: 2.96 Max: 2.96
Current: 2.96

During the past 3 years, ADNOC Gas's highest Days Payable was 2.96. The lowest was 2.96. And the median was 2.96.

ADX:ADNOCGAS's Days Payable is ranked worse than
98.22% of 899 companies
in the Oil & Gas industry
Industry Median: 61.11 vs ADX:ADNOCGAS: 2.96

ADNOC Gas's Days Payable increased from Dec. 2020 (0.00) to Dec. 2023 (2.96). It may suggest that ADNOC Gas delayed paying its suppliers.

ADNOC Gas Days Payable Historical Data

The historical data trend for ADNOC Gas'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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ADNOC Gas Days Payable Chart

ADNOC Gas Annual Data

Trend

Dec20

Dec21

Dec23

Days Payable

2.96

ADNOC Gas Semi-Annual Data
	Dec20	Dec21	Dec23
Days Payable	-	-	2.96

Competitive Comparison of ADNOC Gas's Days Payable

For the Oil & Gas Integrated subindustry, ADNOC Gas'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.

ADNOC Gas's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where ADNOC Gas's Days Payable falls into.

ADNOC Gas 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.

ADNOC Gas'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. 2021 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0	+	393.43)	/	1 )	/	48530.535	*	365
=	393.43					/	48530.535	*	365
=	2.96

ADNOC Gas'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: Dec. 2021 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	393.43)	/	1 )	/	48530.535	*	365 / 2
=	393.43					/	48530.535	*	365 / 2
=	1.48

ADNOC Gas Days Payable Related Terms

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ADNOC Gas (ADX:ADNOCGAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ADNOC Gas PLC (ADX:ADNOCGAS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Corniche Road West, P.O. Box 898, Abu Dhabi, ARE

Website

https://www.adnoc.ae

ADNOC Gas PLC is an integrated gas processing company. It is responsible for operations, maintenance, and marketing across ADNOC's downstream gas processing, liquified natural gas (LNG), and industrial gases businesses.

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