HighPeak Energy (HighPeak Energy) Days Payable : 28.16 (As of Dec. 2023)

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HighPeak Energy's average Accounts Payable for the three months ended in Dec. 2023 was $57 Mil. HighPeak Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was $185 Mil. Hence, HighPeak Energy's Days Payable for the three months ended in Dec. 2023 was 28.16.

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

HPK' s Days Payable Range Over the Past 10 Years
Min: 49.14 Med: 87.2 Max: 501.62
Current: 66.07

During the past 5 years, HighPeak Energy's highest Days Payable was 501.62. The lowest was 49.14. And the median was 87.20.

HPK's Days Payable is ranked better than
53.44% of 900 companies
in the Oil & Gas industry
Industry Median: 59.43 vs HPK: 66.07

HighPeak Energy's Days Payable declined from Dec. 2022 (87.53) to Dec. 2023 (28.16). It may suggest that HighPeak Energy accelerated paying its suppliers.

HighPeak Energy Days Payable Historical Data

The historical data trend for HighPeak 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.

* Premium members only.

HighPeak Energy Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

501.62

82.62

91.77

49.14

HighPeak Energy Quarterly Data
	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													87.53	86.22	112.80	68.97	28.16

Competitive Comparison

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

HighPeak Energy Days Payable Distribution

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

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

HighPeak 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.

HighPeak 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
=	( (105.565	+	63.583)	/	2 )	/	628.258	*	365
=	84.574					/	628.258	*	365
=	49.14

HighPeak Energy'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
=	( (50.341	+	63.583)	/	2 )	/	184.605	*	365 / 4
=	56.962					/	184.605	*	365 / 4
=	28.16

HighPeak Energy Days Payable Related Terms

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HighPeak Energy (HighPeak Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » HighPeak Energy Inc (NAS:HPK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

58R:Germany

Address

421 W. 3rd Street, Suite 1000, Fort Worth, TX, USA, 76102

Website

https://www.highpeakenergy.com

HighPeak Energy Inc is an independent oil and natural gas company focused on the development of unconventional oil and natural gas reserves in primarily Howard County of the Midland Basin. The company operates in a single segment, which is oil and natural gas development, exploration, and production.

Executives

Jack Hightower	director, 10 percent owner, officer: Chief Executive Officer	1700 PACIFIC, SUYITE 3300, DALLAS TX 75201
Jay M. Chernosky	director	602 FALL RIVER ROAD, HOUSTON TX 77024
Michael L. Hollis	director, officer: President	500 WEST TEXAS, SUITE 1225, MIDLAND TX 79701
John Paul Dejoria	10 percent owner	2934 OESTRICK LANE, AUSTIN TX 78733
Steven W Tholen	officer: Chief Financial Officer	1177 ENCLAVE PARKWAY, SUITE 300, HOUSTON TX 77077
Rodney L Woodard	officer: Chief Operating Officer	C/O PURE RESOURCES, 500 W. ILLINOIS, MIDLAND TX 79701
Larry Oldham	director	1004 N BIG SPRING, C/O PARALLEL PETROLEUM, MIDLAND TX 79701
Keith E Forbes	officer: Vice President and Controller	421 W. 3RD STREET, SUITE 1000, FORT WORTH TX 76102
Jason A. Edgeworth	director	421 W. 3RD STREET, SUITE 1000, FORT WORTH TX 76101
Michael H. Gustin	director	208 HEWITT DRIVE, #103-113, WOODWAY TX 76712
Keith Covington	director	500 WEST ILLINOIS, MIDLAND TX 79701
Highpeak Energy Partners, Lp	other: .	421 W. 3RD STREET, SUITE 1000, FORT WORTH TX 76102
Highpeak Energy Partners Ii, Lp	other: .	421 W. 3RD STREET, SUITE 1000, FORT WORTH TX 76102
Highpeak Pure Acquisition, Llc	other: .	421 W 3RD STREET, SUITE 1000, FORT WORTH TX 76102
Sharon F. Fulgham	director	4354 W. VICKERY BOULEVARD, FORT WORTH TX 76107