Core Laboratories (LTS:0Q82) Days Payable : 36.61 (As of Mar. 2023)

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What is Core Laboratories Days Payable?

Core Laboratories's average Accounts Payable for the three months ended in Mar. 2023 was €39.6 Mil. Core Laboratories's Cost of Goods Sold for the three months ended in Mar. 2023 was €98.6 Mil. Hence, Core Laboratories's Days Payable for the three months ended in Mar. 2023 was 36.61.

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

LTS:0Q82's Days Payable is not ranked ^*
in the Oil & Gas industry.
Industry Median: 61.055
* Ranked among companies with meaningful Days Payable only.

Core Laboratories's Days Payable increased from Mar. 2022 (28.49) to Mar. 2023 (36.61). It may suggest that Core Laboratories delayed paying its suppliers.

Core Laboratories Days Payable Historical Data

The historical data trend for Core Laboratories'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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Core Laboratories Days Payable Chart

Core Laboratories Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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28.51

26.70

28.61

24.14

32.75

Core Laboratories Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Days Payable	Get a 7-Day Free Trial															28.49	30.83	30.16	36.27	36.61

Competitive Comparison of Core Laboratories's Days Payable

For the Oil & Gas Equipment & Services subindustry, Core Laboratories'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.

Core Laboratories's Days Payable Distribution in the Oil & Gas Industry

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

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

Core Laboratories 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.

Core Laboratories's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (26.308	+	43.28)	/	2 )	/	387.81	*	365
=	34.794					/	387.81	*	365
=	32.75

Core Laboratories's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

	Days Payable (Q: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (43.28	+	35.834)	/	2 )	/	98.605	*	365 / 4
=	39.557					/	98.605	*	365 / 4
=	36.61

Core Laboratories Days Payable Related Terms

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Core Laboratories (LTS:0Q82) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Core Laboratories Inc (LTS:0Q82) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CLB:USA

Address

6316 Windfern Road, Houston, TX, USA, 77040

Website

https://www.corelab.com

Core Laboratories is the premier provider of reservoir description and production enhancement services for oil and gas exploration and production. It provides data and analytics to aid well operators in determining optimal methods for recovering, processing, and refining hydrocarbons from a well. It also manufactures the associated lab equipment for its services.

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