Surge Energy (Surge Energy) Days Payable : 87.63 (As of Sep. 2023)

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What is Surge Energy Days Payable?

Surge Energy's average Accounts Payable for the three months ended in Sep. 2023 was $59.6 Mil. Surge Energy's Cost of Goods Sold for the three months ended in Sep. 2023 was $62.1 Mil. Hence, Surge Energy's Days Payable for the three months ended in Sep. 2023 was 87.63.

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

ZPTAF' s Days Payable Range Over the Past 10 Years
Min: 70.53 Med: 121.85 Max: 154.24
Current: 107.63

During the past 13 years, Surge Energy's highest Days Payable was 154.24. The lowest was 70.53. And the median was 121.85.

ZPTAF's Days Payable is ranked better than
68.74% of 899 companies
in the Oil & Gas industry
Industry Median: 59.45 vs ZPTAF: 107.63

Surge Energy's Days Payable declined from Sep. 2022 (119.29) to Sep. 2023 (87.63). It may suggest that Surge Energy accelerated paying its suppliers.

Surge Energy Days Payable Historical Data

The historical data trend for Surge 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.

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Surge Energy Days Payable Chart

Surge Energy Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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87.04

69.81

128.20

144.95

123.67

Surge Energy Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															119.29	134.56	113.84	105.06	87.63

Competitive Comparison of Surge Energy's Days Payable

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

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

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

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

Surge 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.

Surge Energy's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (65.883	+	68.732)	/	2 )	/	198.649	*	365
=	67.3075					/	198.649	*	365
=	123.67

Surge Energy's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (57.232	+	62.063)	/	2 )	/	62.11	*	365 / 4
=	59.6475					/	62.11	*	365 / 4
=	87.63

Surge Energy Days Payable Related Terms

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Surge Energy (Surge Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Surge Energy Inc (OTCPK:ZPTAF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

41Z0:Germany SGY:Canada

Address

520 - 3rd Avenue SW, Centennial Place - East Tower, Suite 1200, Calgary, AB, CAN, T2P 0R3

Website

https://www.surgeenergy.ca

Surge Energy Inc is engaged in the exploration, development, and production of oil and gas from properties in western Canada. The company generates its revenue from the sale of petroleum and natural gas products such as Oil, Natural gas liquids and Natural gas, of which a majority of the revenue is derived from the sale of oil.

Surge Energy (Surge Energy) Headlines

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Surge Energy Inc Corporate Analyst Meeting Transcript

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