Vermilion Energy (TSX:VET) Days Payable : 135.26 (As of Mar. 2024)

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What is Vermilion Energy Days Payable?

Vermilion Energy's average Accounts Payable for the three months ended in Mar. 2024 was C$393 Mil. Vermilion Energy's Cost of Goods Sold for the three months ended in Mar. 2024 was C$265 Mil. Hence, Vermilion Energy's Days Payable for the three months ended in Mar. 2024 was 135.26.

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

TSX:VET' s Days Payable Range Over the Past 10 Years
Min: 129.15 Med: 147.18 Max: 193.56
Current: 138.54

During the past 13 years, Vermilion Energy's highest Days Payable was 193.56. The lowest was 129.15. And the median was 147.18.

TSX:VET's Days Payable is ranked better than
76.14% of 901 companies
in the Oil & Gas industry
Industry Median: 59.19 vs TSX:VET: 138.54

Vermilion Energy's Days Payable declined from Mar. 2023 (164.11) to Mar. 2024 (135.26). It may suggest that Vermilion Energy accelerated paying its suppliers.

Vermilion Energy Days Payable Historical Data

The historical data trend for Vermilion 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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Vermilion Energy Days Payable Chart

Vermilion Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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131.19

136.64

148.91

149.19

145.45

Vermilion 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															164.11	171.03	155.07	99.75	135.26

Competitive Comparison of Vermilion Energy's Days Payable

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

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

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

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

Vermilion 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.

Vermilion 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
=	( (481.444	+	380.37)	/	2 )	/	1081.313	*	365
=	430.907					/	1081.313	*	365
=	145.45

Vermilion 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
=	( (380.37	+	406.319)	/	2 )	/	265.357	*	365 / 4
=	393.3445					/	265.357	*	365 / 4
=	135.26

Vermilion Energy Days Payable Related Terms

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Vermilion Energy (TSX:VET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Vermilion Energy Inc (TSX:VET) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

VET:USA CVZ:Germany CVZ:Germany

Address

520 - 3rd Avenue SW, Suite 3500, Calgary, AB, CAN, T2P 0R3

Website

https://www.vermilionenergy.com

Vermilion Energy Inc is an international oil and gas-producing company. It engages in full-cycle exploration and production programs that focus on the acquisition, exploration, development, and optimization of producing properties in North America, Europe, and Australia. The majority of Vermilion's revenue has derived from the production and sale of petroleum and natural gas. In each market, the company relies on a host of drilling and well-completion techniques to keep production at attractive levels. It derives a majority of its revenue from Canada.