Golden Energy Offshore Services AS (OSL:GEOS) Days Payable : 72.64 (As of Dec. 2023)

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What is Golden Energy Offshore Services AS Days Payable?

Golden Energy Offshore Services AS's average Accounts Payable for the three months ended in Dec. 2023 was kr51.8 Mil. Golden Energy Offshore Services AS's Cost of Goods Sold for the three months ended in Dec. 2023 was kr65.0 Mil. Hence, Golden Energy Offshore Services AS's Days Payable for the three months ended in Dec. 2023 was 72.64.

The historical rank and industry rank for Golden Energy Offshore Services AS's Days Payable or its related term are showing as below:

OSL:GEOS' s Days Payable Range Over the Past 10 Years
Min: 8.94 Med: 116.32 Max: 279.71
Current: 133.28

During the past 10 years, Golden Energy Offshore Services AS's highest Days Payable was 279.71. The lowest was 8.94. And the median was 116.32.

OSL:GEOS's Days Payable is ranked better than
87.62% of 937 companies
in the Transportation industry
Industry Median: 38.78 vs OSL:GEOS: 133.28

Golden Energy Offshore Services AS's Days Payable declined from Dec. 2022 (125.01) to Dec. 2023 (72.64). It may suggest that Golden Energy Offshore Services AS accelerated paying its suppliers.

Golden Energy Offshore Services AS Days Payable Historical Data

The historical data trend for Golden Energy Offshore Services AS'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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Golden Energy Offshore Services AS Days Payable Chart

Golden Energy Offshore Services AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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70.54

219.92

279.71

169.22

139.91

Golden Energy Offshore Services AS Quarterly Data
	Jun17	Sep17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															125.01	193.60	148.31	189.77	72.64

Competitive Comparison of Golden Energy Offshore Services AS's Days Payable

For the Marine Shipping subindustry, Golden Energy Offshore Services AS'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.

Golden Energy Offshore Services AS's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Golden Energy Offshore Services AS's Days Payable distribution charts can be found below:

* The bar in red indicates where Golden Energy Offshore Services AS's Days Payable falls into.

Golden Energy Offshore Services AS 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.

Golden Energy Offshore Services AS'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
=	( (75.229	+	39.599)	/	2 )	/	149.778	*	365
=	57.414					/	149.778	*	365
=	139.91

Golden Energy Offshore Services AS'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
=	( (63.903	+	39.599)	/	2 )	/	65.008	*	365 / 4
=	51.751					/	65.008	*	365 / 4
=	72.64

Golden Energy Offshore Services AS Days Payable Related Terms

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Golden Energy Offshore Services AS (OSL:GEOS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Golden Energy Offshore Services AS (OSL:GEOS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GEOUF:USA J9X:Germany

Address

St Olavs Plass 1, Alesund, NOR, 6002

Website

https://www.geoff.no

Golden Energy Offshore Services AS is a shipowner and operator of modern and high-spec offshore service vessels for the oil and gas service industry. The company's fleet includes Energy Empress, Larissa, and many more. Geographically, it derives a majority of its revenue from Europe.