Uriel Gas Holdings (XCNQ:UGH) Days Payable : 338.31 (As of Dec. 2023)

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What is Uriel Gas Holdings Days Payable?

Uriel Gas Holdings's average Accounts Payable for the three months ended in Dec. 2023 was C$0.39 Mil. Uriel Gas Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.11 Mil. Hence, Uriel Gas Holdings's Days Payable for the three months ended in Dec. 2023 was 338.31.

The historical rank and industry rank for Uriel Gas Holdings's Days Payable or its related term are showing as below:

XCNQ:UGH' s Days Payable Range Over the Past 10 Years
Min: 189.93 Med: 189.93 Max: 272.51
Current: 272.51

During the past 2 years, Uriel Gas Holdings's highest Days Payable was 272.51. The lowest was 189.93. And the median was 189.93.

XCNQ:UGH's Days Payable is ranked better than
86.22% of 900 companies
in the Oil & Gas industry
Industry Median: 61.055 vs XCNQ:UGH: 272.51

Uriel Gas Holdings's Days Payable increased from Dec. 2022 (224.96) to Dec. 2023 (338.31). It may suggest that Uriel Gas Holdings delayed paying its suppliers.

Uriel Gas Holdings Days Payable Historical Data

The historical data trend for Uriel Gas Holdings'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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Uriel Gas Holdings Days Payable Chart

Uriel Gas Holdings Annual Data

Trend

Jun22

Jun23

Days Payable

189.93

Uriel Gas Holdings Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial				224.96	232.80	219.06	335.93	338.31

Competitive Comparison of Uriel Gas Holdings's Days Payable

For the Oil & Gas E&P subindustry, Uriel Gas Holdings'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.

Uriel Gas Holdings's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Uriel Gas Holdings's Days Payable falls into.

Uriel Gas Holdings 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.

Uriel Gas Holdings's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0.127	+	0.384)	/	2 )	/	0.491	*	365
=	0.2555					/	0.491	*	365
=	189.93

Uriel Gas Holdings'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
=	( (0.448	+	0.338)	/	2 )	/	0.106	*	365 / 4
=	0.393					/	0.106	*	365 / 4
=	338.31

Uriel Gas Holdings Days Payable Related Terms

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Uriel Gas Holdings (XCNQ:UGH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Uriel Gas Holdings Corp (XCNQ:UGH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

500-4th Avenue South West, Suite 2900, Calgary, AB, CAN, T2P 2V6

Website

https://www.urielgas.com

Uriel Gas Holdings Corp is an oil and gas company engaged in the exploration for and production of crude oil and natural gas in Western Canada. The company's business model focuses on the acquisition and exploitation of under-developed oil and gas pools, principally in the Western Canadian Sedimentary Basin.

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