Pine Cliff Energy (TSX:PNE) Days Payable : 220.97 (As of Mar. 2024)

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What is Pine Cliff Energy Days Payable?

Pine Cliff Energy's average Accounts Payable for the three months ended in Mar. 2024 was C$44.6 Mil. Pine Cliff Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was C$18.4 Mil. Hence, Pine Cliff Energy's Days Payable for the three months ended in Mar. 2024 was 220.97.

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

TSX:PNE' s Days Payable Range Over the Past 10 Years
Min: 53.48 Med: 137.87 Max: 210.37
Current: 191.15

During the past 13 years, Pine Cliff Energy's highest Days Payable was 210.37. The lowest was 53.48. And the median was 137.87.

TSX:PNE's Days Payable is ranked better than
81.89% of 900 companies
in the Oil & Gas industry
Industry Median: 60.89 vs TSX:PNE: 191.15

Pine Cliff Energy's Days Payable increased from Mar. 2023 (157.72) to Mar. 2024 (220.97). It may suggest that Pine Cliff Energy delayed paying its suppliers.

Pine Cliff Energy Days Payable Historical Data

The historical data trend for Pine Cliff 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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Pine Cliff Energy Days Payable Chart

Pine Cliff Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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154.13

193.46

210.37

158.25

169.33

Pine Cliff Energy 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															157.72	182.43	206.19	168.84	220.97

Competitive Comparison of Pine Cliff Energy's Days Payable

For the Oil & Gas E&P subindustry, Pine Cliff 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.

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

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

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

Pine Cliff 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.

Pine Cliff 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
=	( (29.64	+	0)	/	1 )	/	63.891	*	365
=	29.64					/	63.891	*	365
=	169.33

Pine Cliff 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
=	( (0	+	44.643)	/	1 )	/	18.435	*	365 / 4
=	44.643					/	18.435	*	365 / 4
=	220.97

Pine Cliff Energy Days Payable Related Terms

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Pine Cliff Energy (TSX:PNE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pine Cliff Energy Ltd (TSX:PNE) » Definitions » Days Payable

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PIFYF:USA

Address

1015 - 4th Street South West, Suite 850, Calgary, AB, CAN, T2R 1J4

Website

http://www.pinecliffenergy.com

Pine Cliff Energy Ltd is a Canadian natural gas focused, exploration and production company. It is mainly engaged in the exploration, development, and production of natural gas, crude oil, and natural gas liquids. The company owns a Western Canadian Sedimentary Basin, Ghost Pine/Three Hills and Camrose/Viking areas of Central Alberta, several gas assets in Southeast Alberta and Southwest Saskatchewan, non-operated properties in the Sundance, Harmattan, and Garrington areas of Alberta and others.

Executives

Calvin Blain Jacober

Director

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