Wescan Energy (Wescan Energy) Days Payable : 423.24 (As of Dec. 2023)

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What is Wescan Energy Days Payable?

Wescan Energy's average Accounts Payable for the three months ended in Dec. 2023 was $0.79 Mil. Wescan Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.17 Mil. Hence, Wescan Energy's Days Payable for the three months ended in Dec. 2023 was 423.24.

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

GPIPF' s Days Payable Range Over the Past 10 Years
Min: 155.68 Med: 544.81 Max: 3131.02
Current: 653.09

During the past 13 years, Wescan Energy's highest Days Payable was 3131.02. The lowest was 155.68. And the median was 544.81.

GPIPF's Days Payable is ranked better than
92.67% of 901 companies
in the Oil & Gas industry
Industry Median: 59.19 vs GPIPF: 653.09

Wescan Energy's Days Payable declined from Dec. 2022 (739.33) to Dec. 2023 (423.24). It may suggest that Wescan Energy accelerated paying its suppliers.

Wescan Energy Days Payable Historical Data

The historical data trend for Wescan 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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Wescan Energy Days Payable Chart

Wescan Energy Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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408.72

586.84

1,150.96

1,139.26

531.94

Wescan Energy 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															739.33	722.32	755.54	735.59	423.24

Competitive Comparison of Wescan Energy's Days Payable

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

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

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

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

Wescan 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.

Wescan Energy's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (1.171	+	1.359)	/	2 )	/	0.868	*	365
=	1.265					/	0.868	*	365
=	531.94

Wescan Energy'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
=	( (1.096	+	0.481)	/	2 )	/	0.17	*	365 / 4
=	0.7885					/	0.17	*	365 / 4
=	423.24

Wescan Energy Days Payable Related Terms

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Wescan Energy (Wescan Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Wescan Energy Corp (OTCPK:GPIPF) » Definitions » Days Payable

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WCE:Canada

Address

520 - 5th Avenue SW, Suite 2500, Calgary, AB, CAN, T2P 3R5

Website

https://www.wescanenergycorp.com

Wescan Energy Corp is in the business of oil and gas exploration, development and production with oil and gas operations and property interests in Alberta, Canada and Texas, U.S.A. It operates in a single reporting segment which is Oil and Gas Exploration and Production.

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