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Pieridae Energy (TSX:PEA) Days Payable : 453.00 (As of Dec. 2023)


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What is Pieridae Energy Days Payable?

Pieridae Energy's average Accounts Payable for the three months ended in Dec. 2023 was C$109.3 Mil. Pieridae Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was C$22.0 Mil. Hence, Pieridae Energy's Days Payable for the three months ended in Dec. 2023 was 453.00.

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

TSX:PEA' s Days Payable Range Over the Past 10 Years
Min: 238.82   Med: 3433   Max: 478410.71
Current: 541.53

During the past 13 years, Pieridae Energy's highest Days Payable was 478410.71. The lowest was 238.82. And the median was 3433.00.

TSX:PEA's Days Payable is ranked better than
91.22% of 900 companies
in the Oil & Gas industry
Industry Median: 61.045 vs TSX:PEA: 541.53

Pieridae Energy's Days Payable increased from Dec. 2022 (375.44) to Dec. 2023 (453.00). It may suggest that Pieridae Energy delayed paying its suppliers.


Pieridae Energy Days Payable Historical Data

The historical data trend for Pieridae 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.

Pieridae Energy Days Payable Chart

Pieridae Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 238.82 586.82 554.71 361.43 614.59

Pieridae 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 375.44 327.69 - 455.53 453.00

Competitive Comparison of Pieridae Energy's Days Payable

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


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

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

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



Pieridae 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.

Pieridae 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
=( (116.836 + 121.934) / 2 ) / 70.902*365
=119.385 / 70.902*365
=614.59

Pieridae 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
=( (96.667 + 121.934) / 2 ) / 22.017*365 / 4
=109.3005 / 22.017*365 / 4
=453.00

* 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.


Pieridae Energy Days Payable Related Terms

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Pieridae Energy (TSX:PEA) Business Description

Traded in Other Exchanges
Address
308 - 4th Avenue SW, Suite 3100, Calgary, AB, CAN, T2P 0H7
Pieridae Energy Ltd is a Canadian owned corporation focused on the development of integrated energy-related activities, from exploration and extraction of natural gas to the development, construction and operation of Goldboro LNG facility and the production of LNG for sale to Europe and other markets. It is a mid-sized oil and gas entity including midstream operatorship, and three large, deep cut, sour gas plants and associated Sulphur forming facilities, together with various pipelines which are connected to the TC Energy NOVA pipeline system in Alberta Its upstream segment is comprised of petroleum and natural gas production operations and properties. It also includes the company's upstream operations in Eastern Canada and corporate overhead activities associated with these operations.
Executives
John Emery Senior Officer

Pieridae Energy (TSX:PEA) Headlines

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