Omega Oil & Gas (ASX:OMA) Days Payable : 0.00 (As of Dec. 2023)

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What is Omega Oil & Gas Days Payable?

Omega Oil & Gas's average Accounts Payable for the six months ended in Dec. 2023 was A$1.35 Mil. Omega Oil & Gas's Cost of Goods Sold for the six months ended in Dec. 2023 was A$0.00 Mil.

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

ASX:OMA' s Days Payable Range Over the Past 10 Years
Min: 11935.5 Med: 11935.5 Max: 25800.49
Current: 25800.49

During the past 2 years, Omega Oil & Gas's highest Days Payable was 25800.49. The lowest was 11935.50. And the median was 11935.50.

ASX:OMA's Days Payable is ranked better than
99% of 898 companies
in the Oil & Gas industry
Industry Median: 61.48 vs ASX:OMA: 25800.49

Omega Oil & Gas's Days Payable declined from Dec. 2022 (6,957.81) to Dec. 2023 (0.00). It may suggest that Omega Oil & Gas accelerated paying its suppliers.

Omega Oil & Gas Days Payable Historical Data

The historical data trend for Omega Oil & 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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Omega Oil & Gas Days Payable Chart

Omega Oil & Gas Annual Data

Trend

Jun22

Jun23

Days Payable

11,935.50

Omega Oil & Gas Semi-Annual Data
	Dec22	Jun23	Dec23
Days Payable	6,957.81	17,278.46	-

Competitive Comparison of Omega Oil & Gas's Days Payable

For the Oil & Gas E&P subindustry, Omega Oil & 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.

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

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

* The bar in red indicates where Omega Oil & Gas's Days Payable falls into.

Omega Oil & 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.

Omega Oil & Gas's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0.312	+	2.304)	/	2 )	/	0.04	*	365
=	1.308					/	0.04	*	365
=	11,935.50

Omega Oil & 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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2.304	+	0.386)	/	2 )	/	0	*	365 / 2
=	1.345					/	0	*	365 / 2
=	N/A

Omega Oil & Gas Days Payable Related Terms

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Omega Oil & Gas (ASX:OMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Omega Oil & Gas Ltd (ASX:OMA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 Bligh Street, Suite 12.01, Level 12, Sydney, NSW, AUS, 2000

Website

https://www.omegaoilandgas.com.au

Omega Oil & Gas Ltd s an early mover in an emerging play within the junior oil and gas space in Australia. The company is focused on preparation for the development of Petroleum Lease 17 (PL17), located in the Bennett and Leichardt Fields and Prospect 2037 and 2038 in Queensland, Australia.

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