Forza Petroleum (Forza Petroleum) Days Payable : 109.27 (As of Sep. 2023)

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What is Forza Petroleum Days Payable?

Forza Petroleum's average Accounts Payable for the three months ended in Sep. 2023 was $13.1 Mil. Forza Petroleum's Cost of Goods Sold for the three months ended in Sep. 2023 was $10.9 Mil. Hence, Forza Petroleum's Days Payable for the three months ended in Sep. 2023 was 109.27.

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

ORXPF' s Days Payable Range Over the Past 10 Years
Min: 16.18 Med: 88 Max: 22889.74
Current: 44.38

During the past 11 years, Forza Petroleum's highest Days Payable was 22889.74. The lowest was 16.18. And the median was 88.00.

ORXPF's Days Payable is not ranked
in the Oil & Gas industry.
Industry Median: 59.45 vs ORXPF: 44.38

Forza Petroleum's Days Payable increased from Sep. 2022 (14.69) to Sep. 2023 (109.27). It may suggest that Forza Petroleum delayed paying its suppliers.

Forza Petroleum Days Payable Historical Data

The historical data trend for Forza Petroleum'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.

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Forza Petroleum Days Payable Chart

Forza Petroleum Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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27.91

20.84

64.19

37.33

16.73

Forza Petroleum Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															14.69	16.53	24.09	977.72	109.27

Competitive Comparison of Forza Petroleum's Days Payable

For the Oil & Gas E&P subindustry, Forza Petroleum'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.

Forza Petroleum's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Forza Petroleum's Days Payable falls into.

Forza Petroleum 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.

Forza Petroleum'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
=	( (9.448	+	7.211)	/	2 )	/	181.739	*	365
=	8.3295					/	181.739	*	365
=	16.73

Forza Petroleum's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (14.528	+	11.6)	/	2 )	/	10.91	*	365 / 4
=	13.064					/	10.91	*	365 / 4
=	109.27

Forza Petroleum Days Payable Related Terms

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Forza Petroleum (Forza Petroleum) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Forza Petroleum Ltd (OTCPK:ORXPF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

OYX0:Germany FORZ:Canada

Address

7th Avenue SW, 3400 First Canadian Centre 350, Calgary, AB, CAN, T2P 3N9

Website

https://www.forzapetroleum.com

Forza Petroleum Ltd is engaged in the acquisition and development of exploration and production assets to produce hydrocarbons and to increase oil and gas reserves. The company holds interests in and operates the Hawler license area in the Kurdistan Region of Iraq.

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