T7 Global Bhd (XKLS:7228) Days Payable : 22.55 (As of Dec. 2023)

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What is T7 Global Bhd Days Payable?

T7 Global Bhd's average Accounts Payable for the three months ended in Dec. 2023 was RM44.4 Mil. T7 Global Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM179.6 Mil. Hence, T7 Global Bhd's Days Payable for the three months ended in Dec. 2023 was 22.55.

The historical rank and industry rank for T7 Global Bhd's Days Payable or its related term are showing as below:

XKLS:7228' s Days Payable Range Over the Past 10 Years
Min: 29.69 Med: 71.77 Max: 171.59
Current: 29.69

During the past 13 years, T7 Global Bhd's highest Days Payable was 171.59. The lowest was 29.69. And the median was 71.77.

XKLS:7228's Days Payable is ranked worse than
77.58% of 901 companies
in the Oil & Gas industry
Industry Median: 60.98 vs XKLS:7228: 29.69

T7 Global Bhd's Days Payable declined from Dec. 2022 (32.08) to Dec. 2023 (22.55). It may suggest that T7 Global Bhd accelerated paying its suppliers.

T7 Global Bhd Days Payable Historical Data

The historical data trend for T7 Global Bhd'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.

T7 Global Bhd Days Payable Chart

T7 Global Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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62.09

67.26

63.49

64.57

47.11

T7 Global Bhd 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															32.08	41.72	22.19	21.71	22.55

Competitive Comparison of T7 Global Bhd's Days Payable

For the Oil & Gas Equipment & Services subindustry, T7 Global Bhd'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.

T7 Global Bhd's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, T7 Global Bhd's Days Payable distribution charts can be found below:

* The bar in red indicates where T7 Global Bhd's Days Payable falls into.

T7 Global Bhd 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.

T7 Global Bhd'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
=	( (43.445	+	63.647)	/	2 )	/	414.859	*	365
=	53.546					/	414.859	*	365
=	47.11

T7 Global Bhd'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
=	( (25.113	+	63.647)	/	2 )	/	179.609	*	365 / 4
=	44.38					/	179.609	*	365 / 4
=	22.55

T7 Global Bhd Days Payable Related Terms

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T7 Global Bhd (XKLS:7228) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » T7 Global Bhd (XKLS:7228) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

338, Jalan Tun Razak, KL Trillion Corporate Tower, C-16-01, Level 16, Block C, Wilayah Persekutuan, Kuala Lumpur, MYS, 50400

Website

https://www.t7global.com.my

T7 Global Bhd is a Malaysia-based international offshore oilfield service provider for the upstream and downstream players in the oil and gas industry with a presence in Asia. Its segments include Products and services, Manpower supply, and Engineered packages. The group serves a wide range of customers which include multinational oil majors, national oil companies as well as multinational oil corporation throughout the World.

T7 Global Bhd (XKLS:7228) Headlines

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