Ghana Oil Co (XGHA:GOIL) Days Payable : 41.69 (As of Dec. 2022)

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What is Ghana Oil Co Days Payable?

Ghana Oil Co's average Accounts Payable for the six months ended in Dec. 2022 was GHS2,296 Mil. Ghana Oil Co's Cost of Goods Sold for the six months ended in Dec. 2022 was GHS20,105 Mil. Hence, Ghana Oil Co's Days Payable for the six months ended in Dec. 2022 was 20.84.

The historical rank and industry rank for Ghana Oil Co's Days Payable or its related term are showing as below:

XGHA:GOIL' s Days Payable Range Over the Past 10 Years
Min: 30.44 Med: 42.35 Max: 63.06
Current: 41.69

During the past 13 years, Ghana Oil Co's highest Days Payable was 63.06. The lowest was 30.44. And the median was 42.35.

XGHA:GOIL's Days Payable is ranked worse than
65.48% of 901 companies
in the Oil & Gas industry
Industry Median: 60.98 vs XGHA:GOIL: 41.69

Ghana Oil Co's Days Payable declined from Dec. 2020 (63.06) to Dec. 2022 (41.69). It may suggest that Ghana Oil Co accelerated paying its suppliers.

Ghana Oil Co Days Payable Historical Data

The historical data trend for Ghana Oil Co'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.

Ghana Oil Co Days Payable Chart

Ghana Oil Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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37.44

38.72

63.06

57.09

41.69

Ghana Oil Co Semi-Annual Data
	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Days Payable	Get a 7-Day Free Trial									37.44	38.72	63.06	57.09	41.69

Competitive Comparison of Ghana Oil Co's Days Payable

For the Oil & Gas Refining & Marketing subindustry, Ghana Oil Co'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.

Ghana Oil Co's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Ghana Oil Co's Days Payable falls into.

Ghana Oil Co 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.

Ghana Oil Co'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
=	( (1329.179	+	3263.017)	/	2 )	/	20104.861	*	365
=	2296.098					/	20104.861	*	365
=	41.69

Ghana Oil Co's Days Payable for the quarter that ended in Dec. 2022 is calculated as:

	Days Payable (Q: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2021 )	+	Accounts Payable (Q: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
=	( (1329.179	+	3263.017)	/	2 )	/	20104.861	*	365 / 2
=	2296.098					/	20104.861	*	365 / 2
=	20.84

Ghana Oil Co Days Payable Related Terms

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Ghana Oil Co (XGHA:GOIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ghana Oil Co Ltd (XGHA:GOIL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Junction of Kojo Thompson and Adjaben Roads, Building No. D 659/4, P.O. Box GP 3183, Adabraka, Accra, GHA

Website

https://www.goil.com.gh

Ghana Oil Co Ltd (GOIL) is engaged in the marketing and distribution of petroleum products. Its objective is to market petroleum products and related products particularly fuels, liquefied petroleum gas (LPG), lubricants, bitumen, and specialty products in Ghana. The company is engaged in the business of marketing quality petroleum and other energy products and services in all its branches in a healthy, safe, environmentally friendly and socially responsible manner.

Ghana Oil Co (XGHA:GOIL) Headlines

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