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Houston American Energy Corp (AMEX:HUSA)
Days Payable
64.21 (As of Jun. 2016)

Houston American Energy Corp's payable for the three months ended in Jun. 2016 was $0.02 Mil. Houston American Energy Corp's cost of goods sold for the three months ended in Jun. 2016 was $0.03 Mil. Hence, Houston American Energy Corp's days payable for the three months ended in Jun. 2016 was 64.21.

HUSA' s Days Payable Range Over the Past 10 Years
Min: 5.51   Max: 587.88
Current: 55.04

5.51
587.88

During the past 13 years, Houston American Energy Corp's highest Days Payable was 587.88. The lowest was 5.51. And the median was 54.14.

HUSA's Days Payable is ranked lower than
57% of the 232 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 73.48 vs. HUSA: 55.04 )

Houston American Energy Corp's days payable declined from Jun. 2015 (382.66) to Jun. 2016 (64.21). It may suggest that Houston American Energy Corp accelerated paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Houston American Energy Corp's Days Payable for the fiscal year that ended in Dec. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=0.023/0.148*365
=56.72

Houston American Energy Corp's Days Payable for the quarter that ended in Jun. 2016 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=0.019/0.027*365 / 4
=64.21

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Houston American Energy Corp Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 143.2051.55147.8636.155.5135.90159.1035.61587.8856.72

Houston American Energy Corp Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
DaysPayable 54.0716.59109.50425.83106.98382.6624.1058.30182.5064.21
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