Arkanova Energy (Arkanova Energy) Days Payable

: 19.14 (As of Sep. 2016)

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Arkanova Energy's average Accounts Payable for the three months ended in Sep. 2016 was $0.14 Mil. Arkanova Energy's Cost of Goods Sold for the three months ended in Sep. 2016 was $0.68 Mil. Hence, Arkanova Energy's Days Payable for the three months ended in Sep. 2016 was 19.14.

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

AKVA's Days Payable is not ranked ^*
in the Oil & Gas industry.
Industry Median: 59.45
* Ranked among companies with meaningful Days Payable only.

Arkanova Energy's Days Payable declined from Sep. 2015 (51.47) to Sep. 2016 (19.14). It may suggest that Arkanova Energy accelerated paying its suppliers.

Arkanova Energy Days Payable Historical Data

The historical data trend for Arkanova 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.

Arkanova Energy Annual Data

Trend

Sep07

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Days Payable

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343.22

243.26

258.58

219.39

67.36

Arkanova Energy Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
Days Payable	Get a 7-Day Free Trial															51.47	112.84	139.70	79.78	19.14

Competitive Comparison

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

Arkanova Energy Days Payable Distribution

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

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

Arkanova 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.

Arkanova Energy's Days Payable for the fiscal year that ended in Sep. 2016 is calculated as

	Days Payable (A: Sep. 2016 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2015 )	+	Accounts Payable (A: Sep. 2016 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2016 )	*	Days in Period
=	( (0.306	+	0.114)	/	2 )	/	1.138	*	365
=	0.21					/	1.138	*	365
=	67.36

Arkanova Energy's Days Payable for the quarter that ended in Sep. 2016 is calculated as:

	Days Payable (Q: Sep. 2016 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2016 )	+	Accounts Payable (Q: Sep. 2016 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2016 )	*	Days in Period
=	( (0.17	+	0.114)	/	2 )	/	0.677	*	365 / 4
=	0.142					/	0.677	*	365 / 4
=	19.14

Arkanova Energy Days Payable Related Terms

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Arkanova Energy (Arkanova Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Arkanova Energy Corp (OTCPK:AKVA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

305 Camp Craft Road, Suite 525, Austin, TX, USA, 78746

Website

http://www.arkanovaenergy.com

Arkanova Energy Corp is a junior producing oil and gas company. The company is engaged in the acquisition, exploration, and development of prospective oil and gas properties. The company holds mineral leases in leasehold interests located in Pondera and Glacier Counties, Montana. Its subsidiaries include Arkanova Acquisition Corporation, Prism Corporation and Provident Energy of Montana, LLC.

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