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LB (LandBridge Co LLC) Days Payable : 52.79 (As of Jun. 2024)


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What is LandBridge Co LLC Days Payable?

LandBridge Co LLC's average Accounts Payable for the three months ended in Jun. 2024 was $0.4 Mil. LandBridge Co LLC's Cost of Goods Sold for the three months ended in Jun. 2024 was $0.6 Mil. Hence, LandBridge Co LLC's Days Payable for the three months ended in Jun. 2024 was 52.79.

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

LB' s Days Payable Range Over the Past 10 Years
Min: 3.61   Med: 8.11   Max: 48.96
Current: 48.96

During the past 2 years, LandBridge Co LLC's highest Days Payable was 48.96. The lowest was 3.61. And the median was 8.11.

LB's Days Payable is ranked worse than
57.21% of 881 companies
in the Oil & Gas industry
Industry Median: 59.28 vs LB: 48.96

LandBridge Co LLC's Days Payable increased from Jun. 2023 (0.00) to Jun. 2024 (52.79). It may suggest that LandBridge Co LLC delayed paying its suppliers.

LandBridge Co LLC Days Payable Historical Data

The historical data trend for LandBridge Co LLC'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.

LandBridge Co LLC Days Payable Chart

LandBridge Co LLC Annual Data
Trend Dec22 Dec23
Days Payable
3.61 12.61

LandBridge Co LLC Quarterly Data
Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Days Payable Get a 7-Day Free Trial - 45.08 87.11 50.85 52.79

Competitive Comparison of LandBridge Co LLC's Days Payable

For the Oil & Gas Equipment & Services subindustry, LandBridge Co LLC'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.

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

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

* The bar in red indicates where LandBridge Co LLC's Days Payable falls into.


LandBridge Co LLC 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.

LandBridge Co LLC'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
=( (0.038 + 0.2) / 2 ) / 3.445*365
=0.119 / 3.445*365
=12.61

LandBridge Co LLC's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

Days Payable (Q: Jun. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2024 ) + Accounts Payable (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (0.55 + 0.194) / 2 ) / 0.643*365 / 4
=0.372 / 0.643*365 / 4
=52.79

* 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.

LandBridge Co LLC Days Payable Related Terms

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LandBridge Co LLC Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » LandBridge Co LLC (NYSE:LB) » Definitions » Days Payable
Comparable Companies
Traded in Other Exchanges
N/A
Address
5555 San Felipe Street, Suite 1200, Houston, TX, USA, 77056
Website
https://www.landbridgeco.com
LandBridge Co LLC is engaged in managing land and resources to support and promote oil and natural gas development. It generate revenue streams from the use of its surface acreage, the sale of resources from land and oil and gas royalties.