Camber Energy (Camber Energy) Days Payable : 1,893.94 (As of Mar. 2023)

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What is Camber Energy Days Payable?

Camber Energy's average Accounts Payable for the three months ended in Mar. 2023 was $0.93 Mil. Camber Energy's Cost of Goods Sold for the three months ended in Mar. 2023 was $0.05 Mil. Hence, Camber Energy's Days Payable for the three months ended in Mar. 2023 was 1,893.94.

The historical rank and industry rank for Camber Energy's Days Payable or its related term are showing as below:

CEI' s Days Payable Range Over the Past 10 Years
Min: 168.97 Med: 304.4 Max: 3628.89
Current: 2484.02

During the past 13 years, Camber Energy's highest Days Payable was 3628.89. The lowest was 168.97. And the median was 304.40.

CEI's Days Payable is not ranked
in the Oil & Gas industry.
Industry Median: 59.43 vs CEI: 2484.02

Camber Energy's Days Payable declined from Mar. 2022 (2,655.02) to Mar. 2023 (1,893.94). It may suggest that Camber Energy accelerated paying its suppliers.

Camber Energy Days Payable Historical Data

The historical data trend for Camber Energy'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.

Camber Energy Days Payable Chart

Camber Energy Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Days Payable

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174.20

244.77

1,093.18

3,628.89

2,186.10

Camber Energy Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Days Payable	Get a 7-Day Free Trial															2,655.02	2,838.89	2,293.08	2,813.95	1,893.94

Competitive Comparison of Camber Energy's Days Payable

For the Oil & Gas E&P subindustry, Camber Energy'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.

Camber Energy's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Camber Energy's Days Payable falls into.

Camber Energy 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.

Camber Energy's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (1.449	+	0.791)	/	2 )	/	0.187	*	365
=	1.12					/	0.187	*	365
=	2,186.10

Camber Energy's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

	Days Payable (Q: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (0.791	+	1.077)	/	2 )	/	0.045	*	365 / 4
=	0.934					/	0.045	*	365 / 4
=	1,893.94

Camber Energy Days Payable Related Terms

Thank you for viewing the detailed overview of Camber Energy's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Camber Energy (Camber Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Camber Energy Inc (AMEX:CEI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

15915 Katy Freeway, Suite 450, Houston, TX, USA, 77094

Website

https://www.camber.energy

Camber Energy Inc is active in the oil and gas market. The company is engaged in the acquisition and development of crude oil and natural gas from various known productive geological formations. The company operates exclusively in the onshore United States oil and natural gas industry. Its sales are made on a month-to-month basis, and title transfer occurs when the oil is loaded onto the purchaser's truck.

Executives

James G Miller	director	P.O. BOX 14144, PARKVILLE MO 64152
Barker Frank W. Jr.	officer: Chief Financial Officer	115915 KATY FREEWAY, SUITE 450, HOUSTON TX 77094
Robert K Green	director	P O BOX 13287, KANSAS CITY MO 64199
James Andrew Doris	director, officer: CEO & President	15915 KATY FREEWAY, SUITE 450, HOUSTON TX 77094
Louis G Schott	officer: Interim CEO	4040 BROADWAY, SUITE 508, SAN ANTONIO TX 78209
Donnie Baker Seay	director	105 NADINE RD., SAN ANTONIO TX 78209
Robert W Schleizer	officer: Interim CFO
Mpii, Inc.	officer: President	PO BOX 14000, SAN ANTONIO TX 78214
R.d. Tips, Inc.	officer: President	1700 S.E. MILITARY DRIVE, SAN ANTONIO TX 78214
Robert D. Tips	director	1700 S.E. MILITARY DRIVE, SAN ANTONIO TX 78214
Kenneth Ray Sanders	officer: Chief Operating Officer	2706 KINGS FOREST DR., KINGWOOD TX 77339
Paul Anthony Pinkston	officer: Chief Accounting Officer	450 GEARS ROAD, SUITE 860, HOUSTON TX 77067
Segundo Resources, Llc	10 percent owner	PO BOX 6172, SAN ANTONIO TX 78209
Azar Ii Richard Nathan	director, 10 percent owner	PO BOX 6172, SAN ANTONIO TX 78209
Alan William Dreeben	director, 10 percent owner	200 PATTERSON, #1008, SAN ANTONIO TX 78209