Cathedral Energy Services (Cathedral Energy Services) Days Payable : 73.40 (As of Dec. 2023)

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What is Cathedral Energy Services Days Payable?

Cathedral Energy Services's average Accounts Payable for the three months ended in Dec. 2023 was $69.3 Mil. Cathedral Energy Services's Cost of Goods Sold for the three months ended in Dec. 2023 was $86.2 Mil. Hence, Cathedral Energy Services's Days Payable for the three months ended in Dec. 2023 was 73.40.

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

CETEF' s Days Payable Range Over the Past 10 Years
Min: 29.27 Med: 38.13 Max: 91.31
Current: 75.48

During the past 13 years, Cathedral Energy Services's highest Days Payable was 91.31. The lowest was 29.27. And the median was 38.13.

CETEF's Days Payable is ranked better than
58.18% of 899 companies
in the Oil & Gas industry
Industry Median: 59.45 vs CETEF: 75.48

Cathedral Energy Services's Days Payable declined from Dec. 2022 (74.80) to Dec. 2023 (73.40). It may suggest that Cathedral Energy Services accelerated paying its suppliers.

Cathedral Energy Services Days Payable Historical Data

The historical data trend for Cathedral Energy Services'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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Cathedral Energy Services Days Payable Chart

Cathedral Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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28.86

31.97

40.73

75.10

75.88

Cathedral Energy Services 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															74.80	74.57	79.77	73.04	73.40

Competitive Comparison of Cathedral Energy Services's Days Payable

For the Oil & Gas Drilling subindustry, Cathedral Energy Services'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.

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

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

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

Cathedral Energy Services 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.

Cathedral Energy Services'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
=	( (66.536	+	69.813)	/	2 )	/	327.943	*	365
=	68.1745					/	327.943	*	365
=	75.88

Cathedral Energy Services'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
=	( (68.854	+	69.813)	/	2 )	/	86.192	*	365 / 4
=	69.3335					/	86.192	*	365 / 4
=	73.40

Cathedral Energy Services Days Payable Related Terms

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Cathedral Energy Services (Cathedral Energy Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cathedral Energy Services Ltd (OTCPK:CETEF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CET:Canada

Address

6030 - 3rd Street S.E., Calgary, AB, CAN, T2H 1K2

Website

https://www.cathedralenergyservices.com

Cathedral Energy Services Ltd is a Canadian-based company that is involved and engaged in the business of providing directional drilling services to oil and natural gas companies in western Canada and the United States. The Directional Drilling division provides horizontal, directional, and underbalanced drilling services. Geographically the company caters its services to Canada and the United States, of which a majority of the revenue is derived from United States.