Pengrowth Energy (Pengrowth Energy) Days Payable : 820.69 (As of Sep. 2019)

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What is Pengrowth Energy Days Payable?

Pengrowth Energy's average Accounts Payable for the three months ended in Sep. 2019 was $40.8 Mil. Pengrowth Energy's Cost of Goods Sold for the three months ended in Sep. 2019 was $4.5 Mil. Hence, Pengrowth Energy's Days Payable for the three months ended in Sep. 2019 was 820.69.

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

PGH's Days Payable is not ranked ^*
in the Oil & Gas industry.
Industry Median: 61.27
* Ranked among companies with meaningful Days Payable only.

Pengrowth Energy's Days Payable declined from Sep. 2018 (1,094.90) to Sep. 2019 (820.69). It may suggest that Pengrowth Energy accelerated paying its suppliers.

Pengrowth Energy Days Payable Historical Data

The historical data trend for Pengrowth 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.

* Premium members only.

Pengrowth Energy Days Payable Chart

Pengrowth Energy Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Days Payable

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499.90

1,299.82

1,831.62

1,265.94

1,629.06

Pengrowth Energy Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Days Payable	Get a 7-Day Free Trial															1,094.90	2,003.47	1,200.54	762.59	820.69

Competitive Comparison of Pengrowth Energy's Days Payable

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

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

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

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

Pengrowth 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.

Pengrowth Energy's Days Payable for the fiscal year that ended in Dec. 2018 is calculated as

	Days Payable (A: Dec. 2018 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2017 )	+	Accounts Payable (A: Dec. 2018 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2018 )	*	Days in Period
=	( (106.665	+	54.108)	/	2 )	/	18.011	*	365
=	80.3865					/	18.011	*	365
=	1,629.06

Pengrowth Energy's Days Payable for the quarter that ended in Sep. 2019 is calculated as:

	Days Payable (Q: Sep. 2019 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2019 )	+	Accounts Payable (Q: Sep. 2019 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2019 )	*	Days in Period
=	( (38.227	+	43.275)	/	2 )	/	4.531	*	365 / 4
=	40.751					/	4.531	*	365 / 4
=	820.69

Pengrowth Energy Days Payable Related Terms

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Pengrowth Energy (Pengrowth Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pengrowth Energy Corp (NYSE:PGH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

222 Third Avenue SW, Suite 2100, Calgary, AB, CAN, T2P 0B4

Website

http://www.pengrowth.com

Pengrowth Energy Corp is an intermediate Canadian oil and natural gas producer. The company has exposure to the Cardium light oil play, Swan Hills light oil play, and Montney natural gas projects in Canada. Pengrowth's production consists of natural gas, oil, and natural gas liquids, with natural gas constituting a predominant majority of production. Royalties are needed for Pengrowth to explore and develop any oilfields it may come across. Pengrowth actively controls where its production is shipped so that it can monitor and take advantage of favorable pricing opportunities in North American markets.