Virtus Oil & Gas (Virtus Oil & Gas) Days Payable : 0.00 (As of Feb. 2016)

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What is Virtus Oil & Gas Days Payable?

Virtus Oil & Gas's average Accounts Payable for the three months ended in Feb. 2016 was $1.77 Mil. Virtus Oil & Gas's Cost of Goods Sold for the three months ended in Feb. 2016 was $0.00 Mil.

The historical rank and industry rank for Virtus Oil & Gas's Days Payable or its related term are showing as below:

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

Virtus Oil & Gas's Days Payable stayed the same from Feb. 2015 (0.00) to Feb. 2016 (0.00). stayed the same

Virtus Oil & Gas Days Payable Historical Data

The historical data trend for Virtus Oil & Gas'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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Virtus Oil & Gas Days Payable Chart

Virtus Oil & Gas Annual Data

Trend

Nov10

Nov11

Nov12

Nov13

Nov14

Nov15

Days Payable

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Virtus Oil & Gas Quarterly Data
	May11	Aug11	Nov11	Feb12	May12	Aug12	Nov12	Feb13	May13	Aug13	Nov13	Feb14	May14	Aug14	Nov14	Feb15	May15	Aug15	Nov15	Feb16
Days Payable	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Virtus Oil & Gas's Days Payable

For the Oil & Gas E&P subindustry, Virtus Oil & Gas'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.

Virtus Oil & Gas's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Virtus Oil & Gas's Days Payable falls into.

Virtus Oil & Gas 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.

Virtus Oil & Gas's Days Payable for the fiscal year that ended in Nov. 2015 is calculated as

	Days Payable (A: Nov. 2015 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Nov. 2014 )	+	Accounts Payable (A: Nov. 2015 ))	/	count )	/	Cost of Goods Sold (A: Nov. 2015 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0	*	365
=	0					/	0	*	365
=	N/A

Virtus Oil & Gas's Days Payable for the quarter that ended in Feb. 2016 is calculated as:

	Days Payable (Q: Feb. 2016 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2015 )	+	Accounts Payable (Q: Feb. 2016 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2016 )	*	Days in Period
=	( (0	+	1.766)	/	1 )	/	0	*	365 / 4
=	1.766					/	0	*	365 / 4
=	N/A

Virtus Oil & Gas Days Payable Related Terms

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Virtus Oil & Gas (Virtus Oil & Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Virtus Oil & Gas Corp (GREY:VOIL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

1517 San Jacinto Street, Houston, TX, USA, 77002

Website

https://www.virtusoil.com

Virtus Oil & Gas Corp is an oil and gas exploration and development company. It is focused on the acquisition and exploration of oil and natural gas properties. The company operates Tin Cup Mesa Unit and Squaw Canyon, which are located in the Paradox Basin producing in the Upper Ismay formation. Its properties are located at in Iron County in southern Utah of the United States.

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