Paramount Resources (Paramount Resources) Days Payable

: 93.52 (As of Dec. 2023)

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Paramount Resources's average Accounts Payable for the three months ended in Dec. 2023 was $202 Mil. Paramount Resources's Cost of Goods Sold for the three months ended in Dec. 2023 was $197 Mil. Hence, Paramount Resources's Days Payable for the three months ended in Dec. 2023 was 93.52.

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

PRMRF' s Days Payable Range Over the Past 10 Years
Min: 74.37 Med: 124.63 Max: 323.57
Current: 88.38

During the past 13 years, Paramount Resources's highest Days Payable was 323.57. The lowest was 74.37. And the median was 124.63.

PRMRF's Days Payable is ranked better than
63.11% of 900 companies
in the Oil & Gas industry
Industry Median: 59.865 vs PRMRF: 88.38

Paramount Resources's Days Payable increased from Dec. 2022 (65.02) to Dec. 2023 (93.52). It may suggest that Paramount Resources delayed paying its suppliers.

Paramount Resources Days Payable Historical Data

The historical data trend for Paramount 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.

Paramount Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

126.39

152.20

105.97

76.58

87.87

Paramount Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																65.02	64.64	-	-	93.52

Competitive Comparison

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

Paramount Resources Days Payable Distribution

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

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

Paramount 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.

Paramount Resources's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (164.004	+	202.37)	/	2 )	/	760.957	*	365
=	183.187					/	760.957	*	365
=	87.87

Paramount Resources's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	202.37)	/	1 )	/	197.451	*	365 / 4
=	202.37					/	197.451	*	365 / 4
=	93.52

Paramount Resources Days Payable Related Terms

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Paramount Resources (Paramount Resources) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

PQ51:Germany POU:Canada

Address

888 - 3rd Street SW, Suite 4700, Calgary, AB, CAN, T2P 5C5

Website

https://www.paramountres.com

Paramount Resources Ltd is a Canadian energy company that explores, develops, produces, and markets natural gas, crude oil, and natural gas liquids. The company takes part in exploration and production in Alberta and British Columbia. Sales for Paramount's products are priced in a multitude of markets that span the United States and Canada. Depending on the product, contracts can have daily, monthly, or long-term agreements. Assets for exploration and production are acquired by way of royalties that are paid to provincial governments and freehold landowners.

Paramount Resources (Paramount Resources) Headlines

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