Enerplus (Enerplus) Days Payable

: 102.72 (As of Dec. 2023)

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Enerplus's average Accounts Payable for the three months ended in Dec. 2023 was $335 Mil. Enerplus's Cost of Goods Sold for the three months ended in Dec. 2023 was $298 Mil. Hence, Enerplus's Days Payable for the three months ended in Dec. 2023 was 102.72.

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

ERF' s Days Payable Range Over the Past 10 Years
Min: 31.51 Med: 62.87 Max: 121.77
Current: 121.77

During the past 13 years, Enerplus's highest Days Payable was 121.77. The lowest was 31.51. And the median was 62.87.

ERF's Days Payable is ranked better than
71.86% of 899 companies
in the Oil & Gas industry
Industry Median: 59.45 vs ERF: 121.77

Enerplus's Days Payable increased from Dec. 2022 (100.06) to Dec. 2023 (102.72). It may suggest that Enerplus delayed paying its suppliers.

Enerplus Days Payable Historical Data

The historical data trend for Enerplus'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.

* Premium members only.

Enerplus Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

74.72

84.64

85.68

100.52

101.42

Enerplus Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																100.06	124.24	151.28	133.64	102.72

Competitive Comparison

For the Oil & Gas E&P subindustry, Enerplus'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.

Enerplus Days Payable Distribution

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

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

Enerplus 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.

Enerplus'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
=	( (288.215	+	294.096)	/	2 )	/	1047.879	*	365
=	291.1555					/	1047.879	*	365
=	101.42

Enerplus'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
=	( (375.806	+	294.096)	/	2 )	/	297.542	*	365 / 4
=	334.951					/	297.542	*	365 / 4
=	102.72

Enerplus Days Payable Related Terms

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Enerplus (Enerplus) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Enerplus Corp (NYSE:ERF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

E17:Germany ERF:Canada

Address

3000, 333 - 7th Avenue S.W., The Dome Tower, Calgary, AB, CAN, T2P 2Z1

Website

https://www.enerplus.com

Enerplus Corp produces and develops crude oil and natural gas assets in Canada and the United States. The majority of oil production is derived from the Williston and Waterfloods basins, with the Marcellus providing a significant portion of natural gas production. Enerplus acquires the right to use assets through royalties paid to government entities, land owners and mineral rights owners. Crude oil and natural gas are sold to customers in both countries where assets are held and can be sold either at the well or a fixed destination.