Rubellite Energy (Rubellite Energy) Days Payable : 210.69 (As of Mar. 2024)

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What is Rubellite Energy Days Payable?

Rubellite Energy's average Accounts Payable for the three months ended in Mar. 2024 was $25.29 Mil. Rubellite Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was $10.95 Mil. Hence, Rubellite Energy's Days Payable for the three months ended in Mar. 2024 was 210.69.

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

RUBLF' s Days Payable Range Over the Past 10 Years
Min: 232.02 Med: 348.81 Max: 2314.12
Current: 232.02

During the past 3 years, Rubellite Energy's highest Days Payable was 2314.12. The lowest was 232.02. And the median was 348.81.

RUBLF's Days Payable is ranked better than
83.39% of 897 companies
in the Oil & Gas industry
Industry Median: 61.41 vs RUBLF: 232.02

Rubellite Energy's Days Payable declined from Mar. 2023 (273.09) to Mar. 2024 (210.69). It may suggest that Rubellite Energy accelerated paying its suppliers.

Rubellite Energy Days Payable Historical Data

The historical data trend for Rubellite 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.

Rubellite Energy Days Payable Chart

Rubellite Energy Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

2,314.40

356.88

259.37

Rubellite Energy Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial						273.09	-	-	233.66	210.69

Competitive Comparison of Rubellite Energy's Days Payable

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

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

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

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

Rubellite 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.

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

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (20.65	+	25.292)	/	2 )	/	32.326	*	365
=	22.971					/	32.326	*	365
=	259.37

Rubellite Energy'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
=	( (25.292	+	0)	/	1 )	/	10.954	*	365 / 4
=	25.292					/	10.954	*	365 / 4
=	210.69

Rubellite Energy Days Payable Related Terms

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Rubellite Energy (Rubellite Energy) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

6L0:Germany RBY:Canada

Address

605 5 Avenue SW, Suite 3200, Calgary, AB, CAN, T2P 3H5

Website

https://www.rubelliteenergy.com

Rubellite Energy Inc is a Canadian energy company. It is focused on Clearwater oil exploration and development utilizing multi-lateral horizontal drilling technology. The Clearwater is a high rate of return play with compelling economics at current forward market prices for Western Canadian Select crude oil.