Contango Oil & Gas Co (Contango Oil & Gas Co) Days Payable : 60.94 (As of Sep. 2021)

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What is Contango Oil & Gas Co Days Payable?

Contango Oil & Gas Co's average Accounts Payable for the three months ended in Sep. 2021 was $36.0 Mil. Contango Oil & Gas Co's Cost of Goods Sold for the three months ended in Sep. 2021 was $54.0 Mil. Hence, Contango Oil & Gas Co's Days Payable for the three months ended in Sep. 2021 was 60.94.

The historical rank and industry rank for Contango Oil & Gas Co's Days Payable or its related term are showing as below:

MCF's Days Payable is not ranked ^*
in the Oil & Gas industry.
Industry Median: 59.43
* Ranked among companies with meaningful Days Payable only.

Contango Oil & Gas Co's Days Payable declined from Sep. 2020 (67.95) to Sep. 2021 (60.94). It may suggest that Contango Oil & Gas Co accelerated paying its suppliers.

Contango Oil & Gas Co Days Payable Historical Data

The historical data trend for Contango Oil & Gas Co'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.

Contango Oil & Gas Co Days Payable Chart

Contango Oil & Gas Co Annual Data

Trend

Jun11

Jun12

Jun13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Days Payable

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38.79

36.71

35.15

43.67

50.31

Contango Oil & Gas Co Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Days Payable	Get a 7-Day Free Trial															67.95	45.82	44.84	50.26	60.94

Competitive Comparison of Contango Oil & Gas Co's Days Payable

For the Oil & Gas E&P subindustry, Contango Oil & Gas Co'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.

Contango Oil & Gas Co's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Contango Oil & Gas Co's Days Payable falls into.

Contango Oil & Gas Co 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.

Contango Oil & Gas Co's Days Payable for the fiscal year that ended in Dec. 2020 is calculated as

	Days Payable (A: Dec. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2019 )	+	Accounts Payable (A: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2020 )	*	Days in Period
=	( (14.086	+	14.273)	/	2 )	/	102.879	*	365
=	14.1795					/	102.879	*	365
=	50.31

Contango Oil & Gas Co's Days Payable for the quarter that ended in Sep. 2021 is calculated as:

	Days Payable (Q: Sep. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2021 )	+	Accounts Payable (Q: Sep. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2021 )	*	Days in Period
=	( (30.91	+	41.15)	/	2 )	/	53.952	*	365 / 4
=	36.03					/	53.952	*	365 / 4
=	60.94

Contango Oil & Gas Co Days Payable Related Terms

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Contango Oil & Gas Co (Contango Oil & Gas Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Contango Oil & Gas Co (AMEX:MCF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 E. 5th Street, Suite 300, Fort Worth, TX, USA, 76102

Website

https://www.contango.com

Contango Oil & Gas Co is an independent oil and natural gas company. It is engaged in the exploration, development, exploitation, and acquisition of crude oil and natural gas properties in the onshore Texas Gulf Coast, offshore properties in the shallow waters of the Gulf of Mexico, and other regions.

Executives

Chad B Roller	officer: SVP-Chief Operating Officer	2431 E 61ST STREET SUITE 850 TULSA OK 74136
E Joseph Grady	officer: SVP and CFO	C/O CONTANGO OIL & GAS COMPANY 717 TEXAS AVENUE, SUITE 2900 HOUSTON TX 77002
Michael J Autin	officer: Vice President Operations	717 TEXAS AVENUE SUITE 2900 HOUSTON TX 77002
Bulent Ayhan Berilgen	director	50 WEST SAN FERNANDO ST SAN JOSE CA 95113
Joseph J Romano	director	3700 BUFFALO SPEEDWAY SUITE 960 HOUSTON TX 77098
Janet W Pasque	director	1675 BROADWAY SUITE 1950 DENVER CO 80202
Will Farley Dakan	officer: President	500 COMMERCE ST. SUITE 700 FORT WORTH TX 76102
Mclawhorn Charles L Iii	officer: SVP/General Counsel/Corp Sec	2501 NORTH HARWOOD DALLAS TX 75201
Ellis L Mccain	director	C/O CONTANGO OIL & GAS COMPANY, 717 TEXAS AVENUE, SUITE 2900, HOUSTON TX 77002
Karen Jo Simon	director	1918 OLIVE STREET, #2904, DALLAS TX 75201
Dws Growth Capital Lp	10 percent owner	11 GREENWAY PLAZA, SUITE 3100 HOUSTON TX 77046
Douglas W Schnitzer	10 percent owner
Kkr Group Assets Iii Gp Llc	10 percent owner	30 HUDSON YARDS, NEW YORK NY 10001
George R Roberts	10 percent owner	C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 2800 SAND HILL ROAD, MENLO PARK CA 94025
Independence Energy Aggregator Gp Llc	10 percent owner	600 TRAVIS STREEET, SUITE 7200, HOUSTON TX 77002