Niko Resources (Niko Resources) Days Payable : 0.00 (As of Dec. 2018)

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What is Niko Resources Days Payable?

Niko Resources's average Accounts Payable for the three months ended in Dec. 2018 was $1.28 Mil. Niko Resources's Cost of Goods Sold for the three months ended in Dec. 2018 was $0.00 Mil.

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

NKRSF's Days Payable is not ranked ^*
in the Oil & Gas industry.
Industry Median: 59.45
* Ranked among companies with meaningful Days Payable only.

Niko Resources's Days Payable declined from Dec. 2017 (85.91) to Dec. 2018 (0.00). It may suggest that Niko Resources accelerated paying its suppliers.

Niko Resources Days Payable Historical Data

The historical data trend for Niko Resources'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.

Niko Resources Days Payable Chart

Niko Resources Annual Data

Trend

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Days Payable

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370.40

365.64

522.00

507.32

70.27

Niko Resources Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Days Payable	Get a 7-Day Free Trial															85.91	32.35	34.43	18.22	-

Competitive Comparison of Niko Resources's Days Payable

For the Oil & Gas E&P subindustry, Niko Resources'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.

Niko Resources's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Niko Resources's Days Payable falls into.

Niko Resources 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.

Niko Resources's Days Payable for the fiscal year that ended in Mar. 2018 is calculated as

	Days Payable (A: Mar. 2018 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2017 )	+	Accounts Payable (A: Mar. 2018 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2018 )	*	Days in Period
=	( (15.344	+	9.618)	/	2 )	/	64.831	*	365
=	12.481					/	64.831	*	365
=	70.27

Niko Resources's Days Payable for the quarter that ended in Dec. 2018 is calculated as:

	Days Payable (Q: Dec. 2018 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2018 )	+	Accounts Payable (Q: Dec. 2018 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2018 )	*	Days in Period
=	( (1.362	+	1.202)	/	2 )	/	0	*	365 / 4
=	1.282					/	0	*	365 / 4
=	N/A

Niko Resources Days Payable Related Terms

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

Niko Resources (Niko Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Niko Resources Ltd (OTCPK:NKRSF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

205 - 5th Avenue SW, Suite 1500, Calgary, AB, CAN, T2P 2V7

Website

https://www.nikoresources.com

Niko Resources Ltd is an oil and natural gas exploration and production company.

Niko Resources (Niko Resources) Headlines

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Niko Reports Results for the Quarter Ended September 30, 2018

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