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Houston American Energy Corp (AMEX:HUSA)
Days Payable
134.46 (As of Jun. 2014)

Houston American Energy Corp's payable for the three months ended in Jun. 2014 was $0.10 Mil. Houston American Energy Corp's revenue for the three months ended in Jun. 2014 was $0.07 Mil. Hence, Houston American Energy Corp's days payable for the three months ended in Jun. 2014 was 134.46.

Houston American Energy Corp's days payable declined from Jun. 2013 (1,379.37) to Jun. 2014 (134.46). 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. 2013 is calculated as

Days Payable=Payable/Revenue*Days in Period
=0.198/0.347*365
=208.27

Houston American Energy Corp's Days Payable for the quarter that ended in Jun. 2014 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=0.099/0.067*91
=134.46

* 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

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
DaysPayable 60.5232.5245.4719.0747.2121.1494.9135.051,594.99208.27

Houston American Energy Corp Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
DaysPayable 10.49227.50425.656,809.8310,392.201,379.37102.78126.00176.85134.46
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