Zefiro Methane (NEOE:ZEFI) Days Payable : 25.51 (As of Mar. 2024)

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What is Zefiro Methane Days Payable?

Zefiro Methane's average Accounts Payable for the three months ended in Mar. 2024 was C$2.23 Mil. Zefiro Methane's Cost of Goods Sold for the three months ended in Mar. 2024 was C$7.96 Mil. Hence, Zefiro Methane's Days Payable for the three months ended in Mar. 2024 was 25.51.

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

NEOE:ZEFI' s Days Payable Range Over the Past 10 Years
Min: 22.19 Med: 65.31 Max: 65.31
Current: 22.19

During the past 2 years, Zefiro Methane's highest Days Payable was 65.31. The lowest was 22.19. And the median was 65.31.

NEOE:ZEFI's Days Payable is ranked worse than
76.41% of 2535 companies
in the Software industry
Industry Median: 49.81 vs NEOE:ZEFI: 22.19

Zefiro Methane's Days Payable increased from Mar. 2023 (0.00) to Mar. 2024 (25.51). It may suggest that Zefiro Methane delayed paying its suppliers.

Zefiro Methane Days Payable Historical Data

The historical data trend for Zefiro Methane'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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Zefiro Methane Days Payable Chart

Zefiro Methane Annual Data

Trend

Jun22

Jun23

Days Payable

65.31

Zefiro Methane Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial				-	16.91	21.08	27.53	25.51

Competitive Comparison of Zefiro Methane's Days Payable

For the Information Technology Services subindustry, Zefiro Methane'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.

Zefiro Methane's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Zefiro Methane's Days Payable distribution charts can be found below:

* The bar in red indicates where Zefiro Methane's Days Payable falls into.

Zefiro Methane 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.

Zefiro Methane's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0.005	+	1.453)	/	2 )	/	4.074	*	365
=	0.729					/	4.074	*	365
=	65.31

Zefiro Methane's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (2	+	2.451)	/	2 )	/	7.961	*	365 / 4
=	2.2255					/	7.961	*	365 / 4
=	25.51

Zefiro Methane Days Payable Related Terms

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Zefiro Methane (NEOE:ZEFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Zefiro Methane Corp (NEOE:ZEFI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

Y6B:Germany

Address

550 Burrard Street, Suite 2501, Bentall 5, Vancouver, BC, CAN, V6C 2B5

Website

https://www.zefiromethane.com

Zefiro Methane Corp is in the business of providing end-of-life solutions for industrial oil and gas operations that currently or potentially emit harmful greenhouse gas (GHG) emissions, specifically methane released from orphaned and abandoned oil and gas wells or associated midstream assets. The Company seeks to generate carbon credits, which can then be sold into carbon credit markets, by reducing methane emissions through the plugging of orphaned and abandoned oil and gas wells.

Executives

Talal Debs

Director, Senior Officer

Zefiro Methane (NEOE:ZEFI) Headlines

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