Stampede Drilling (Stampede Drilling) Days Payable : 29.68 (As of Mar. 2024)

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What is Stampede Drilling Days Payable?

Stampede Drilling's average Accounts Payable for the three months ended in Mar. 2024 was $4.72 Mil. Stampede Drilling's Cost of Goods Sold for the three months ended in Mar. 2024 was $14.52 Mil. Hence, Stampede Drilling's Days Payable for the three months ended in Mar. 2024 was 29.68.

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

STPDF' s Days Payable Range Over the Past 10 Years
Min: 20.3 Med: 66.76 Max: 138.1
Current: 30.33

During the past 13 years, Stampede Drilling's highest Days Payable was 138.10. The lowest was 20.30. And the median was 66.76.

STPDF's Days Payable is ranked worse than
76.03% of 901 companies
in the Oil & Gas industry
Industry Median: 61.11 vs STPDF: 30.33

Stampede Drilling's Days Payable increased from Mar. 2023 (25.92) to Mar. 2024 (29.68). It may suggest that Stampede Drilling delayed paying its suppliers.

Stampede Drilling Days Payable Historical Data

The historical data trend for Stampede Drilling'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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Stampede Drilling Days Payable Chart

Stampede Drilling Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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66.26

69.31

20.29

27.22

34.50

Stampede Drilling Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															25.92	39.37	21.83	33.21	29.68

Competitive Comparison of Stampede Drilling's Days Payable

For the Oil & Gas Drilling subindustry, Stampede Drilling'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.

Stampede Drilling's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Stampede Drilling's Days Payable falls into.

Stampede Drilling 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.

Stampede Drilling'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
=	( (4.063	+	4.942)	/	2 )	/	47.631	*	365
=	4.5025					/	47.631	*	365
=	34.50

Stampede Drilling'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
=	( (4.942	+	4.503)	/	2 )	/	14.519	*	365 / 4
=	4.7225					/	14.519	*	365 / 4
=	29.68

Stampede Drilling Days Payable Related Terms

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Stampede Drilling (Stampede Drilling) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Stampede Drilling Inc (OTCPK:STPDF) » Definitions » Days Payable

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Traded in Other Exchanges

SDI:Canada

Address

700 - 9th Avenue SW, Suite 2600, South Tower, Calgary, AB, CAN, T2P 3V4

Website

https://www.stampededrilling.com

Stampede Drilling Inc offers oilfield services and drilling services to the oil and natural gas industry in the Western Canadian Sedimentary Basin (WCSB).