Odfjell Drilling (OSL:ODL) Days Payable : 84.00 (As of Dec. 2023)

View and export this data going back to 2013. Start your Free Trial

What is Odfjell Drilling Days Payable?

Odfjell Drilling's average Accounts Payable for the three months ended in Dec. 2023 was kr473 Mil. Odfjell Drilling's Cost of Goods Sold for the three months ended in Dec. 2023 was kr514 Mil. Hence, Odfjell Drilling's Days Payable for the three months ended in Dec. 2023 was 84.00.

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

OSL:ODL' s Days Payable Range Over the Past 10 Years
Min: 28.08 Med: 82.5 Max: 680.69
Current: 654.52

During the past 13 years, Odfjell Drilling's highest Days Payable was 680.69. The lowest was 28.08. And the median was 82.50.

OSL:ODL's Days Payable is ranked better than
92.79% of 901 companies
in the Oil & Gas industry
Industry Median: 60.37 vs OSL:ODL: 654.52

Odfjell Drilling's Days Payable increased from Dec. 2022 (71.33) to Dec. 2023 (84.00). It may suggest that Odfjell Drilling delayed paying its suppliers.

Odfjell Drilling Days Payable Historical Data

The historical data trend for Odfjell Drilling'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.

* Premium members only.

Odfjell Drilling Days Payable Chart

Odfjell Drilling Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

85.11

89.94

113.62

79.88

680.69

Odfjell Drilling 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															71.33	68.82	65.03	-	84.00

Competitive Comparison of Odfjell Drilling's Days Payable

For the Oil & Gas Drilling subindustry, Odfjell Drilling'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.

Odfjell Drilling's Days Payable Distribution in the Oil & Gas Industry

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

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

Odfjell Drilling 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.

Odfjell Drilling'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
=	( (353.708	+	515.866)	/	2 )	/	233.142	*	365
=	434.787					/	233.142	*	365
=	680.69

Odfjell Drilling'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
=	( (430.06	+	515.866)	/	2 )	/	513.755	*	365 / 4
=	472.963					/	513.755	*	365 / 4
=	84.00

Odfjell Drilling Days Payable Related Terms

Thank you for viewing the detailed overview of Odfjell Drilling's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Odfjell Drilling (OSL:ODL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Odfjell Drilling Ltd (OSL:ODL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ODFJF:USA ODLO:Sweden 0QHX:UK OD3:Germany

Address

Crawpeel Road, Bergen House, Altens, Aberdeen, GBR, AB12 3LG

Website

https://www.odfjelldrilling.com

Odfjell Drilling Ltd is an integrated offshore drilling and oil service company. The company and its subsidiaries operates mobile offshore drilling units. It operates in the segments Own Fleet, External Fleet and Corporate / other. The Own Fleet segment operates mobile offshore drilling units owned by Odfjell Drilling. The External Fleet segment offers management services to other owners of drilling units; mainly operational management, management of regulatory requirements, marketing, contract negotiations and client relations, preparations for operation and mobilisation. Majority of revenue is generated from Own Fleet segment. Geographically, It operates in Norway.

Odfjell Drilling (OSL:ODL) Headlines

No Headlines