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PHX Energy Services (PHX Energy Services) Days Payable : 67.67 (As of Dec. 2023)


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What is PHX Energy Services Days Payable?

PHX Energy Services's average Accounts Payable for the three months ended in Dec. 2023 was $71.4 Mil. PHX Energy Services's Cost of Goods Sold for the three months ended in Dec. 2023 was $96.3 Mil. Hence, PHX Energy Services's Days Payable for the three months ended in Dec. 2023 was 67.67.

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

PHXHF' s Days Payable Range Over the Past 10 Years
Min: 56.39   Med: 68.68   Max: 80
Current: 68.29

During the past 13 years, PHX Energy Services's highest Days Payable was 80.00. The lowest was 56.39. And the median was 68.68.

PHXHF's Days Payable is ranked better than
54.73% of 899 companies
in the Oil & Gas industry
Industry Median: 59.45 vs PHXHF: 68.29

PHX Energy Services's Days Payable declined from Dec. 2022 (78.58) to Dec. 2023 (67.67). It may suggest that PHX Energy Services accelerated paying its suppliers.

PHX Energy Services Days Payable Historical Data

The historical data trend for PHX Energy Services'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.

PHX Energy Services Days Payable Chart

PHX Energy Services Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 68.72 78.72 78.26 80.10 73.48

PHX Energy Services Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 78.58 68.73 66.13 64.40 67.67

Competitive Comparison of PHX Energy Services's Days Payable

For the Oil & Gas Drilling subindustry, PHX Energy Services'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.

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

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

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


PHX Energy Services 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.

PHX Energy Services'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
=( (77.062 + 74.864) / 2 ) / 377.338*365
=75.963 / 377.338*365
=73.48

PHX Energy Services'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
=( (68.008 + 74.864) / 2 ) / 96.334*365 / 4
=71.436 / 96.334*365 / 4
=67.67

* 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.

PHX Energy Services Days Payable Related Terms

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PHX Energy Services (PHX Energy Services) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PHX Energy Services Corp (OTCPK:PHXHF) » Definitions » Days Payable
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Traded in Other Exchanges
PHX:Canada
Address
250-2nd Street South West, Suite 1400, Calgary, AB, CAN, T2P 0C1
Website
https://www.phxtech.com
PHX Energy Services Corp is an oil and natural gas service company. The firm, through its directional drilling subsidiary entities, provides horizontal and directional drilling services to oil and natural gas exploration and development companies principally in Canada and the us. PHX Energy has developed various new technologies that have positioned the corporation technology in the horizontal and directional drilling services sector in North America. The Corporation also operates in the Middle East regions through an arrangement with National Energy Services Reunited Corp.