Pipestone Energy (FRA:2LA) Days Payable : 235.12 (As of Jun. 2023)

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What is Pipestone Energy Days Payable?

Pipestone Energy's average Accounts Payable for the three months ended in Jun. 2023 was €79.0 Mil. Pipestone Energy's Cost of Goods Sold for the three months ended in Jun. 2023 was €30.6 Mil. Hence, Pipestone Energy's Days Payable for the three months ended in Jun. 2023 was 235.12.

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

FRA:2LA' s Days Payable Range Over the Past 10 Years
Min: 83.55 Med: 145.43 Max: 13184.82
Current: 196.3

During the past 5 years, Pipestone Energy's highest Days Payable was 13184.82. The lowest was 83.55. And the median was 145.43.

FRA:2LA's Days Payable is not ranked
in the Oil & Gas industry.
Industry Median: 61.11 vs FRA:2LA: 196.30

Pipestone Energy's Days Payable declined from Jun. 2022 (283.59) to Jun. 2023 (235.12). It may suggest that Pipestone Energy accelerated paying its suppliers.

Pipestone Energy Days Payable Historical Data

The historical data trend for Pipestone 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.

Pipestone Energy Days Payable Chart

Pipestone Energy Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

13,169.33

281.92

139.67

140.80

83.36

Pipestone Energy Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Days Payable	Get a 7-Day Free Trial															283.59	262.49	134.54	160.43	235.12

Competitive Comparison of Pipestone Energy's Days Payable

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

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

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

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

Pipestone 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.

Pipestone 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
=	( (24.644	+	28.614)	/	2 )	/	116.597	*	365
=	26.629					/	116.597	*	365
=	83.36

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

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (87.227	+	70.709)	/	2 )	/	30.648	*	365 / 4
=	78.968					/	30.648	*	365 / 4
=	235.12

Pipestone Energy Days Payable Related Terms

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Pipestone Energy (FRA:2LA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pipestone Energy Corp (FRA:2LA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

888 - 3rd Street SW, Suite 3700, Calgary, AB, CAN, T2P 5C5.

Website

https://www.pipestonecorp.com

Pipestone Energy Corp is engaged in the responsible exploration for, and development and production of, oil and natural gas liquids (including condensate, pentane, butane, propane and ethane) and natural gas in Western Canada, with substantially all of its activities and assets focused in the Montney resource play in Alberta. The Company recognizes revenue from the sale of commodities, which include liquids and natural gas.

Pipestone Energy (FRA:2LA) Headlines

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