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Petrolia Energy's average Accounts Payable for the three months ended in Sep. 2023 was $0.20 Mil. Petrolia Energy's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.99 Mil. Hence, Petrolia Energy's Days Payable for the three months ended in Sep. 2023 was 18.46.
The historical rank and industry rank for Petrolia Energy's Days Payable or its related term are showing as below:
During the past 13 years, Petrolia Energy's highest Days Payable was 231.79. The lowest was 14.10. And the median was 74.46.
Petrolia Energy's Days Payable declined from Sep. 2022 (82.01) to Sep. 2023 (18.46). It may suggest that Petrolia Energy accelerated paying its suppliers.
The historical data trend for Petrolia 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.
Petrolia Energy Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Days Payable | Get a 7-Day Free Trial | 46.70 | 35.60 | 63.63 | 44.05 | 14.10 |
Petrolia Energy 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 | 82.01 | 90.83 | 13.58 | 23.85 | 18.46 |
For the Oil & Gas E&P subindustry, Petrolia 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.
For the Oil & Gas industry and Energy sector, Petrolia Energy's Days Payable distribution charts can be found below:
* The bar in red indicates where Petrolia Energy's Days Payable falls into.
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.
Petrolia 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 |
= | ( (0.32 | + | 0.223) | / | 2 ) | / | 7.029 | * | 365 |
= | 0.2715 | / | 7.029 | * | 365 | ||||
= | 14.10 |
Petrolia Energy'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 |
= | ( (0.188 | + | 0.213) | / | 2 ) | / | 0.991 | * | 365 / 4 |
= | 0.2005 | / | 0.991 | * | 365 / 4 | ||||
= | 18.46 |
* 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.
Thank you for viewing the detailed overview of Petrolia Energy's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.
Zel C Khan | officer: President & CEO | 7941 KATY FWY, STE 522, HOUSTON TX 77024 |
Joel Martin Oppenheim | director | 2035 SUL ROSS STREET, HOUSTON TX 77098 |
Mark Merle Allen | officer: President | 4306 STONECROFT CIRCLE, KATY TX 77450 |
Richard D Dole | director | 710 N. POST OAK RD., STE. 512, HOUSTON TX 77024 |
Ivar Siem | director | 710 N. POST OAK RD., STE. 512, HOUSTON TX 77024 |
Horacio Alfredo Fernandez | officer: Chief Financial Officer | 9531 MEADOWVALE DR., HOUSTON TX 77063 |
Tariq Nawaz Chaudhary | officer: Chief Financial Officer | 132 MAGENTA CRESCENT, CHESTERMERE A0 T1X0K9 |
James Edward Burns | director | 3322 DESERT INN, MONTGOMERY TX 77356 |
Quinten Beasley | director | 416 - 42 STREET SW, CALGARY A0 T3C 1Y3 |
Paul M Deputy | officer: Chief Financial Officer | 7842 HIGHLAND FARMS, HOUSTON TX 77095 |
Lee H Lytton | director, officer: Secretary | 5804 BABCOCK RD, #400, SAN ANTONIO TX 78240 |
Leo B Womack | director, 10 percent owner | 710 N. POST OAK ROAD, SUITE 400, HOUSTON TX 77024 |
David N Baker | 10 percent owner | 1020 108TH AVENUE, NE SUITE 1004, BELLEVUE WA 98004 |
Matthew Robert Ferguson | director | 11044 RESEARCH BLVD., SUITE A-200, AUSTIN TX 78759 |
Rick Wilber | director, 10 percent owner |
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