Permex Petroleum (XCNQ:OIL) Days Payable : 1,028.51 (As of Jun. 2023)

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What is Permex Petroleum Days Payable?

Permex Petroleum's average Accounts Payable for the three months ended in Jun. 2023 was C$4.09 Mil. Permex Petroleum's Cost of Goods Sold for the three months ended in Jun. 2023 was C$0.36 Mil. Hence, Permex Petroleum's Days Payable for the three months ended in Jun. 2023 was 1,028.51.

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

XCNQ:OIL' s Days Payable Range Over the Past 10 Years
Min: 214.06 Med: 362.53 Max: 1538.21
Current: 629.32

During the past 6 years, Permex Petroleum's highest Days Payable was 1538.21. The lowest was 214.06. And the median was 362.53.

XCNQ:OIL's Days Payable is ranked better than
92.44% of 900 companies
in the Oil & Gas industry
Industry Median: 61.045 vs XCNQ:OIL: 629.32

Permex Petroleum's Days Payable increased from Jun. 2022 (361.42) to Jun. 2023 (1,028.51). It may suggest that Permex Petroleum delayed paying its suppliers.

Permex Petroleum Days Payable Historical Data

The historical data trend for Permex Petroleum'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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Permex Petroleum Days Payable Chart

Permex Petroleum Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Days Payable

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214.06

268.71

362.53

1,538.21

379.79

Permex Petroleum Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Days Payable	Get a 7-Day Free Trial															361.42	274.14	579.02	875.14	1,028.51

Competitive Comparison of Permex Petroleum's Days Payable

For the Oil & Gas E&P subindustry, Permex Petroleum'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.

Permex Petroleum's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Permex Petroleum's Days Payable falls into.

Permex Petroleum 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.

Permex Petroleum's Days Payable for the fiscal year that ended in Sep. 2022 is calculated as

	Days Payable (A: Sep. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2021 )	+	Accounts Payable (A: Sep. 2022 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2022 )	*	Days in Period
=	( (0.511	+	2.082)	/	2 )	/	1.246	*	365
=	1.2965					/	1.246	*	365
=	379.79

Permex Petroleum's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (3.641	+	4.542)	/	2 )	/	0.363	*	365 / 4
=	4.0915					/	0.363	*	365 / 4
=	1,028.51

Permex Petroleum Days Payable Related Terms

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Permex Petroleum (XCNQ:OIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Permex Petroleum Corp (XCNQ:OIL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

OILCF:USA 75P:Germany

Address

666 Burrard Street, Suite 500, Vancouver, BC, CAN, V6C 2X8

Website

https://www.permexpetroleum.com

Permex Petroleum Corp is a junior oil and gas company with assets and operations across the Permian Basin of West Texas and the Delaware SubBasin of New Mexico. The company through its wholly-owned subsidiary, Permex Petroleum US Corporation owns and operates on private, state, and federal land. The company has a single reportable segment i.e. acquisition, development, and production of oil and gas properties in the United States.

Executives

Mehran Ehsan

Director, Senior Officer