Poseidon Concepts (Poseidon Concepts) Days Payable : 231.38 (As of Sep. 2012)

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What is Poseidon Concepts Days Payable?

Poseidon Concepts's average Accounts Payable for the three months ended in Sep. 2012 was $23.5 Mil. Poseidon Concepts's Cost of Goods Sold for the three months ended in Sep. 2012 was $9.3 Mil. Hence, Poseidon Concepts's Days Payable for the three months ended in Sep. 2012 was 231.38.

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

POOSF's Days Payable is not ranked ^*
in the Oil & Gas industry.
Industry Median: 59.45
* Ranked among companies with meaningful Days Payable only.

Poseidon Concepts's Days Payable increased from Sep. 2011 (0.00) to Sep. 2012 (231.38). It may suggest that Poseidon Concepts delayed paying its suppliers.

Poseidon Concepts Days Payable Historical Data

The historical data trend for Poseidon Concepts'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.

Poseidon Concepts Days Payable Chart

Poseidon Concepts Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Days Payable

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6,356.14

1,133.08

Poseidon Concepts Quarterly Data
	Dec06	Dec07	Dec08	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12
Days Payable	Get a 7-Day Free Trial										-	1,360.74	632.16	582.09	231.38

Competitive Comparison of Poseidon Concepts's Days Payable

For the Oil & Gas Equipment & Services subindustry, Poseidon Concepts'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.

Poseidon Concepts's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Poseidon Concepts's Days Payable falls into.

Poseidon Concepts 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.

Poseidon Concepts's Days Payable for the fiscal year that ended in Dec. 2011 is calculated as

	Days Payable (A: Dec. 2011 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2010 )	+	Accounts Payable (A: Dec. 2011 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2011 )	*	Days in Period
=	( (10.64	+	47.734)	/	2 )	/	9.402	*	365
=	29.187					/	9.402	*	365
=	1,133.08

Poseidon Concepts's Days Payable for the quarter that ended in Sep. 2012 is calculated as:

	Days Payable (Q: Sep. 2012 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2012 )	+	Accounts Payable (Q: Sep. 2012 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2012 )	*	Days in Period
=	( (23.397	+	23.614)	/	2 )	/	9.27	*	365 / 4
=	23.5055					/	9.27	*	365 / 4
=	231.38

Poseidon Concepts Days Payable Related Terms

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Poseidon Concepts (Poseidon Concepts) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Poseidon Concepts Corp (GREY:POOSF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

645 - 7th Avenue SW, Suite 1200, Calgary, AB, CAN, T2P 4G8

Website

http://www.poseidonconcepts.com

Poseidon Concepts Corp is a customer-focused provider of safe fluid handling solutions to the oil and natural gas sector across North America.

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