The data for PTTEP SP LIMITED shows a consistent trend in improving their payment process over the past three periods. The average time to pay has decreased from 30 days in the first period to 0 days in the most recent period. The percentage of invoices paid within 30 days has also increased from 0% to 100% over the same time frame.
The data for PTTEP SP LIMITED shows a relatively stable trend with no major fluctuations in their payment process. However, there is a significant improvement in the most recent period with all invoices being paid within 30 days.
Between the first and third periods, PTTEP SP LIMITED has shown a significant improvement in their payment process. The average time to pay has decreased from 30 days to 0 days, and the percentage of invoices paid within 30 days has increased from 0% to 100%. There is also no evidence of any invoices being paid later than 60 days, indicating a strong improvement in their payment efficiency.
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2025 - 31 Dec 2025 | 30 Jan 2026 | 0% | ||||
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 30 | 40% | 60% | 0% | 0% |
| 01 Jul 2024 - 31 Dec 2024 | 31 Jan 2025 | 30 | 40% | 60% | 0% | 0% |
| 01 Jul 2023 - 31 Dec 2023 | 01 Feb 2024 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 0 | 0% | 0% | 0% | 0% |
| 01 Jan 2022 - 30 Jun 2022 | 25 Jul 2022 | 30 | 100% | 0% | 0% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 21 Jan 2022 | 0 | 0% | 0% | 0% | 0% |
| 01 Jan 2021 - 30 Jun 2021 | 20 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 17 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 10 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 08 Feb 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 05 Jul 2018 |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
All properly established invoices received by the Compnay in its office from the 1st to the 15th of each month will be paid within the 15th of the following month, and all properly established invoices received by the COMPANY in its office from the 16th to the end of the month will be paid within the end of the following month. If the last day for payment falls on Saturdat, Sunday, public holiday or bank holiday, the payment shall be made on the next working day.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
45
The PARTIES shall attempt to resolve any dispute or difference arising out of or relating to this CONTRACT through negotiation between representatives of the PARTIES, who have authority to settle the same. If the dispute is not resolved by negotiation, each PARTY agrees to submit to the exclusive jurisdiction of the courts.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
PTTEP SP LIMITED is a subsidiary of PTT Exploration and Production Public Company Limited, a leading oil and gas exploration and production company in Thailand. The company focuses on sustainable energy production and has a strong commitment to environmental and social responsibility.
The main activities of PTTEP SP LIMITED include exploration, development, production, and sales of crude oil and natural gas. They operate oil and gas fields both domestically and internationally, with a strong presence in Southeast Asia, Australia, and Africa.
In line with their commitment to sustainability, PTTEP SP LIMITED has implemented a comprehensive sustainability program which includes measures to reduce greenhouse gas emissions, promote energy efficiency, and protect biodiversity. They also have initiatives to support local communities, promote education and healthcare, and enhance the quality of life for their employees.
The company's main product is crude oil, which is used in various industries such as transportation, manufacturing, and power generation. They also produce natural gas, which is used for cooking, heating, and electricity generation.
The key people at PTTEP SP LIMITED include Mr. Phongsthorn Thavisin, the President and CEO, and Mr. Sumrid Sumneing, the Executive Vice President of Finance and Accounting. Both leaders have extensive experience in the energy industry and are committed to driving the company's growth and sustainability.
The company's registered office address is at 555 Vibhavadi Rangsit Road, Chatuchak, Bangkok 10900 Thailand. Their website address is www.pttep.com, where interested parties can find more information about their operations, sustainability initiatives, and contact details.
In conclusion, PTTEP SP LIMITED is a leading energy company with a strong focus on sustainability. Their activities include exploration, development, and production of crude oil and natural gas, and they have a comprehensive sustainability program in place. With a strong leadership team and commitment to responsible practices, the company is well-positioned for continued success in the energy industry.
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