Trinity Exploration & Production (Trinity Exploration & Production) Days Payable : 23.36 (As of Jun. 2023)

View and export this data going back to 2011. Start your Free Trial

What is Trinity Exploration & Production Days Payable?

Trinity Exploration & Production's average Accounts Payable for the six months ended in Jun. 2023 was $3.15 Mil. Trinity Exploration & Production's Cost of Goods Sold for the six months ended in Jun. 2023 was $24.59 Mil. Hence, Trinity Exploration & Production's Days Payable for the six months ended in Jun. 2023 was 23.36.

The historical rank and industry rank for Trinity Exploration & Production's Days Payable or its related term are showing as below:

TRXEF' s Days Payable Range Over the Past 10 Years
Min: 13.45 Med: 36.89 Max: 170.89
Current: 21.12

During the past 13 years, Trinity Exploration & Production's highest Days Payable was 170.89. The lowest was 13.45. And the median was 36.89.

TRXEF's Days Payable is ranked worse than
85.56% of 900 companies
in the Oil & Gas industry
Industry Median: 61.27 vs TRXEF: 21.12

Trinity Exploration & Production's Days Payable increased from Jun. 2022 (15.44) to Jun. 2023 (23.36). It may suggest that Trinity Exploration & Production delayed paying its suppliers.

Trinity Exploration & Production Days Payable Historical Data

The historical data trend for Trinity Exploration & Production'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.

Trinity Exploration & Production Days Payable Chart

Trinity Exploration & Production Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

Get a 7-Day Free Trial

13.57

20.52

20.80

17.48

15.64

Trinity Exploration & Production Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial															17.94	17.00	15.44	17.80	23.36

Competitive Comparison of Trinity Exploration & Production's Days Payable

For the Oil & Gas E&P subindustry, Trinity Exploration & Production'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.

Trinity Exploration & Production's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Trinity Exploration & Production's Days Payable falls into.

Trinity Exploration & Production 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.

Trinity Exploration & Production'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
=	( (2.274	+	2.605)	/	2 )	/	56.95	*	365
=	2.4395					/	56.95	*	365
=	15.64

Trinity Exploration & Production's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (2.605	+	3.688)	/	2 )	/	24.585	*	365 / 2
=	3.1465					/	24.585	*	365 / 2
=	23.36

Trinity Exploration & Production Days Payable Related Terms

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

Trinity Exploration & Production (Trinity Exploration & Production) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Trinity Exploration & Production PLC (OTCPK:TRXEF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TRIN.GB:UK TRIN:UK

Address

C/o Pinsent Masons LLP, 1 Park Row, Leeds, GBR, LS1 5AB

Website

https://www.trinityexploration.com

Trinity Exploration & Production PLC is an independent exploration and production company. Its activities include the exploration, development, production, and sale of crude oil. The company operates a portfolio of producing and development assets both onshore and offshore in the shallow waters off the West and East Coasts of Trinidad. It operates through one operating segment being exploration and development, production and extraction of hydrocarbons.