Altima Resources (Altima Resources) Days Payable : 710.83 (As of Nov. 2023)

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What is Altima Resources Days Payable?

Altima Resources's average Accounts Payable for the three months ended in Nov. 2023 was $4.39 Mil. Altima Resources's Cost of Goods Sold for the three months ended in Nov. 2023 was $0.56 Mil. Hence, Altima Resources's Days Payable for the three months ended in Nov. 2023 was 710.83.

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

ARSLF' s Days Payable Range Over the Past 10 Years
Min: 752.25 Med: 1835.31 Max: 5022.4
Current: 752.25

During the past 13 years, Altima Resources's highest Days Payable was 5022.40. The lowest was 752.25. And the median was 1835.31.

ARSLF's Days Payable is ranked better than
94% of 900 companies
in the Oil & Gas industry
Industry Median: 59.43 vs ARSLF: 752.25

Altima Resources's Days Payable declined from Nov. 2022 (1,012.73) to Nov. 2023 (710.83). It may suggest that Altima Resources accelerated paying its suppliers.

Altima Resources Days Payable Historical Data

The historical data trend for Altima Resources'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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Altima Resources Days Payable Chart

Altima Resources Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Feb22

Feb23

Days Payable

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1,868.25

5,042.17

1,048.25

942.77

Altima Resources Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Days Payable	Get a 7-Day Free Trial															1,012.73	820.25	746.74	758.09	710.83

Competitive Comparison of Altima Resources's Days Payable

For the Oil & Gas E&P subindustry, Altima Resources'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.

Altima Resources's Days Payable Distribution in the Oil & Gas Industry

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

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

Altima Resources 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.

Altima Resources's Days Payable for the fiscal year that ended in Feb. 2023 is calculated as

	Days Payable (A: Feb. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Feb. 2022 )	+	Accounts Payable (A: Feb. 2023 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2023 )	*	Days in Period
=	( (4.163	+	4.154)	/	2 )	/	1.61	*	365
=	4.1585					/	1.61	*	365
=	942.77

Altima Resources's Days Payable for the quarter that ended in Nov. 2023 is calculated as:

	Days Payable (Q: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Aug. 2023 )	+	Accounts Payable (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (4.366	+	4.421)	/	2 )	/	0.564	*	365 / 4
=	4.3935					/	0.564	*	365 / 4
=	710.83

Altima Resources Days Payable Related Terms

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Altima Resources (Altima Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Altima Resources Ltd (OTCPK:ARSLF) » Definitions » Days Payable

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ARH:Canada

Address

595 Howe Street, Suite 303, Vancouver, BC, CAN, V6C 2T5

Website

http://www.altimaresources.ca

Altima Resources Ltd is a junior energy company engaged in the exploration and development of petroleum and natural gas in Canada. The company operates in the petroleum and natural gas industry.

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