SeaBird Exploration (OSL:SBX) Days Payable : 32.58 (As of Dec. 2023)

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What is SeaBird Exploration Days Payable?

SeaBird Exploration's average Accounts Payable for the three months ended in Dec. 2023 was kr29.3 Mil. SeaBird Exploration's Cost of Goods Sold for the three months ended in Dec. 2023 was kr82.0 Mil. Hence, SeaBird Exploration's Days Payable for the three months ended in Dec. 2023 was 32.58.

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

OSL:SBX' s Days Payable Range Over the Past 10 Years
Min: 27.54 Med: 62.9 Max: 184.46
Current: 69.22

During the past 13 years, SeaBird Exploration's highest Days Payable was 184.46. The lowest was 27.54. And the median was 62.90.

OSL:SBX's Days Payable is ranked better than
54.62% of 899 companies
in the Oil & Gas industry
Industry Median: 61.11 vs OSL:SBX: 69.22

SeaBird Exploration's Days Payable declined from Dec. 2022 (114.76) to Dec. 2023 (32.58). It may suggest that SeaBird Exploration accelerated paying its suppliers.

SeaBird Exploration Days Payable Historical Data

The historical data trend for SeaBird Exploration'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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SeaBird Exploration Days Payable Chart

SeaBird Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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27.54

66.38

184.46

155.68

88.39

SeaBird Exploration 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															114.76	106.81	77.09	47.91	32.58

Competitive Comparison of SeaBird Exploration's Days Payable

For the Oil & Gas Equipment & Services subindustry, SeaBird Exploration'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.

SeaBird Exploration's Days Payable Distribution in the Oil & Gas Industry

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

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

SeaBird Exploration 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.

SeaBird Exploration'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
=	( (89.425	+	40.309)	/	2 )	/	267.849	*	365
=	64.867					/	267.849	*	365
=	88.39

SeaBird Exploration'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
=	( (18.211	+	40.309)	/	2 )	/	81.958	*	365 / 4
=	29.26					/	81.958	*	365 / 4
=	32.58

SeaBird Exploration Days Payable Related Terms

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SeaBird Exploration (OSL:SBX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » SeaBird Exploration PLC (OSL:SBX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SBXO:Sweden E36:Germany

Address

Andrea Tselepou No. 14, Yeroskipou, Pafos, CYP, 8201

Website

https://www.sbexp.com

SeaBird Exploration PLC is engaged in providing marine 2D and 3D seismic data for the oil and gas industry. The services provided by the company include 3D and 3D water acquisition, source vessel, 2D seismic acquisition, and Multi-client. Geographically, the company operates in Europe, the Middle East & Africa (EMEA), North & South America (NSA), and derives a majority of its revenue from the Asia Pacific (APAC) region.

SeaBird Exploration (OSL:SBX) Headlines

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