ElectroMagnetic GeoServices ASA (OSL:EMGS) Days Payable : 30.97 (As of Dec. 2023)

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What is ElectroMagnetic GeoServices ASA Days Payable?

ElectroMagnetic GeoServices ASA's average Accounts Payable for the three months ended in Dec. 2023 was kr9.50 Mil. ElectroMagnetic GeoServices ASA's Cost of Goods Sold for the three months ended in Dec. 2023 was kr27.99 Mil. Hence, ElectroMagnetic GeoServices ASA's Days Payable for the three months ended in Dec. 2023 was 30.97.

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

OSL:EMGS' s Days Payable Range Over the Past 10 Years
Min: 44.48 Med: 67.8 Max: 97.82
Current: 48.79

During the past 13 years, ElectroMagnetic GeoServices ASA's highest Days Payable was 97.82. The lowest was 44.48. And the median was 67.80.

OSL:EMGS's Days Payable is ranked worse than
58.18% of 899 companies
in the Oil & Gas industry
Industry Median: 61.11 vs OSL:EMGS: 48.79

ElectroMagnetic GeoServices ASA's Days Payable declined from Dec. 2022 (38.54) to Dec. 2023 (30.97). It may suggest that ElectroMagnetic GeoServices ASA accelerated paying its suppliers.

ElectroMagnetic GeoServices ASA Days Payable Historical Data

The historical data trend for ElectroMagnetic GeoServices 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.

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ElectroMagnetic GeoServices ASA Days Payable Chart

ElectroMagnetic GeoServices ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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63.62

80.38

44.48

56.66

82.78

ElectroMagnetic GeoServices 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	Get a 7-Day Free Trial															38.54	60.99	28.98	36.31	30.97

Competitive Comparison of ElectroMagnetic GeoServices ASA's Days Payable

For the Oil & Gas Equipment & Services subindustry, ElectroMagnetic GeoServices 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.

ElectroMagnetic GeoServices ASA's Days Payable Distribution in the Oil & Gas Industry

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

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

ElectroMagnetic GeoServices 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.

ElectroMagnetic GeoServices 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
=	( (28.929	+	11.974)	/	2 )	/	90.177	*	365
=	20.4515					/	90.177	*	365
=	82.78

ElectroMagnetic GeoServices 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
=	( (7.025	+	11.974)	/	2 )	/	27.987	*	365 / 4
=	9.4995					/	27.987	*	365 / 4
=	30.97

ElectroMagnetic GeoServices ASA Days Payable Related Terms

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ElectroMagnetic GeoServices ASA (OSL:EMGS) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

EMGSo:Sweden E2M:Germany

Address

Karenslyst Alle 4, 4th floor, Oslo, NOR, 0278

Website

https://www.emgs.com

ElectroMagnetic GeoServices ASA is a company engaged in offering electromagnetic services. It principally uses electromagnetic survey method to find hydrocarbons in offshore reservoirs. The firm is focused on planning, acquisition, processing, modelling, interpretation, and integration of electromagnetic data. The oil and gas companies, along with other customers of the group, use electromagnetic services to evaluate whether an offshore acreage is viable for commercial production of hydrocarbons. The business operations of the group are carried in Europe, the Middle East and Africa, North and South America, Asia and the Pacific Ocean. It generates revenue from the Contract sales and Multi-client sales.

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