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GuruFocus has detected 3 Warning Signs with Houston American Energy Corp $HUSA.
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Houston American Energy Corp (AMEX:HUSA)
Days Payable
123.31 (As of Dec. 2016)

Houston American Energy Corp's payable for the three months ended in Dec. 2016 was $0.05 Mil. Houston American Energy Corp's cost of goods sold for the three months ended in Dec. 2016 was $0.04 Mil. Hence, Houston American Energy Corp's days payable for the three months ended in Dec. 2016 was 123.31.

HUSA' s Days Payable Range Over the Past 10 Years
Min: 5.51   Max: 587.88
Current: 188.14

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 higher than
76% of the 241 Companies
in the Global Oil & Gas E&P industry.

( Industry Median: 88.92 vs. HUSA: 188.14 )

Houston American Energy Corp's days payable increased from Dec. 2015 (58.30) to Dec. 2016 (123.31). It may suggest that Houston American Energy Corp delayed 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. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=0.05/0.097*365
=188.14

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=0.05/0.037*365 / 4
=123.31

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Houston American Energy Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 51.55147.8636.155.5135.90159.1035.61587.8856.72188.14

Houston American Energy Corp Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysPayable 109.50425.83106.98382.6624.1058.30182.5064.2127.77123.31
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