Ithaca Energy (Ithaca Energy) Days Payable : 256.14 (As of Mar. 2017)

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What is Ithaca Energy Days Payable?

Ithaca Energy's average Accounts Payable for the three months ended in Mar. 2017 was $84.0 Mil. Ithaca Energy's Cost of Goods Sold for the three months ended in Mar. 2017 was $29.9 Mil. Hence, Ithaca Energy's Days Payable for the three months ended in Mar. 2017 was 256.14.

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

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

Ithaca Energy's Days Payable increased from Mar. 2016 (253.21) to Mar. 2017 (256.14). It may suggest that Ithaca Energy delayed paying its suppliers.

Ithaca Energy Days Payable Historical Data

The historical data trend for Ithaca 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.

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Ithaca Energy Days Payable Chart

Ithaca Energy Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Days Payable

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415.91

211.33

217.67

343.80

283.23

Ithaca Energy Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
Days Payable	Get a 7-Day Free Trial															253.21	490.74	269.98	330.00	256.14

Competitive Comparison of Ithaca Energy's Days Payable

For the Oil & Gas E&P subindustry, Ithaca 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.

Ithaca Energy's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Ithaca Energy's Days Payable falls into.

Ithaca Energy 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.

Ithaca Energy's Days Payable for the fiscal year that ended in Dec. 2016 is calculated as

	Days Payable (A: Dec. 2016 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2015 )	+	Accounts Payable (A: Dec. 2016 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2016 )	*	Days in Period
=	( (129.719	+	96.762)	/	2 )	/	145.936	*	365
=	113.2405					/	145.936	*	365
=	283.23

Ithaca Energy's Days Payable for the quarter that ended in Mar. 2017 is calculated as:

	Days Payable (Q: Mar. 2017 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2016 )	+	Accounts Payable (Q: Mar. 2017 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2017 )	*	Days in Period
=	( (96.762	+	71.156)	/	2 )	/	29.91	*	365 / 4
=	83.959					/	29.91	*	365 / 4
=	256.14

Ithaca Energy Days Payable Related Terms

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Ithaca Energy (Ithaca Energy) Business Description

Industry

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Traded in Other Exchanges

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Address

Website

http://www.ithacaenergy.com

Ithaca Energy Inc was incorporated on April 27, 2004 and is domiciled in Alberta, Canada. The Company is a North Sea oil and gas operator focused on the delivery of lower risk growth through the appraisal and development of UK undeveloped discoveries, the exploitation of its existing UK producing asset portfolio.