Cactus (FRA:43C) Days Payable : 37.22 (As of Mar. 2024)

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What is Cactus Days Payable?

Cactus's average Accounts Payable for the three months ended in Mar. 2024 was €63 Mil. Cactus's Cost of Goods Sold for the three months ended in Mar. 2024 was €155 Mil. Hence, Cactus's Days Payable for the three months ended in Mar. 2024 was 37.22.

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

FRA:43C' s Days Payable Range Over the Past 10 Years
Min: 20.57 Med: 37.08 Max: 47.08
Current: 33.23

During the past 9 years, Cactus's highest Days Payable was 47.08. The lowest was 20.57. And the median was 37.08.

FRA:43C's Days Payable is ranked worse than
73.47% of 901 companies
in the Oil & Gas industry
Industry Median: 59.19 vs FRA:43C: 33.23

Cactus's Days Payable increased from Mar. 2023 (32.20) to Mar. 2024 (37.22). It may suggest that Cactus delayed paying its suppliers.

Cactus Days Payable Historical Data

The historical data trend for Cactus'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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Cactus Days Payable Chart

Cactus Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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38.03

50.07

35.42

35.98

31.98

Cactus Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															32.20	27.46	33.18	38.30	37.22

Competitive Comparison of Cactus's Days Payable

For the Oil & Gas Equipment & Services subindustry, Cactus'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.

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

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

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

Cactus 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.

Cactus'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
=	( (45.101	+	65.878)	/	2 )	/	633.342	*	365
=	55.4895					/	633.342	*	365
=	31.98

Cactus's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (65.878	+	60.851)	/	2 )	/	155.339	*	365 / 4
=	63.3645					/	155.339	*	365 / 4
=	37.22

Cactus Days Payable Related Terms

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Cactus (FRA:43C) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cactus Inc (FRA:43C) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

WHD:USA

Address

920 Memorial City Way, Suite 300, Houston, TX, USA, 77024

Website

https://www.cactuswhd.com

Cactus Inc is engaged in the designing, manufacturing, and sale of wellheads and pressure control equipment. Its principal products include Cactus SafeDrill wellhead systems, frac stacks, zipper manifolds, and production trees. The company also provides mission-critical field services, including service crews to assist with the installation, maintenance, and safe handling of the wellhead and pressure control equipment, as well as repair services for equipment that it sells or rents. It sells or rents its products principally for onshore unconventional oil and gas wells that are utilized during the drilling, completion (including fracturing), and production.

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