Headwater Exploration (Headwater Exploration) Days Payable : 112.07 (As of Dec. 2023)

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What is Headwater Exploration Days Payable?

Headwater Exploration's average Accounts Payable for the three months ended in Dec. 2023 was $63.2 Mil. Headwater Exploration's Cost of Goods Sold for the three months ended in Dec. 2023 was $51.4 Mil. Hence, Headwater Exploration's Days Payable for the three months ended in Dec. 2023 was 112.07.

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

CDDRF' s Days Payable Range Over the Past 10 Years
Min: 21.25 Med: 86.51 Max: 233.39
Current: 117.45

During the past 13 years, Headwater Exploration's highest Days Payable was 233.39. The lowest was 21.25. And the median was 86.51.

CDDRF's Days Payable is ranked better than
71.33% of 900 companies
in the Oil & Gas industry
Industry Median: 59.43 vs CDDRF: 117.45

Headwater Exploration's Days Payable declined from Dec. 2022 (124.25) to Dec. 2023 (112.07). It may suggest that Headwater Exploration accelerated paying its suppliers.

Headwater Exploration Days Payable Historical Data

The historical data trend for Headwater Exploration'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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Headwater Exploration Days Payable Chart

Headwater Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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233.39

121.07

104.00

Headwater Exploration 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															124.25	132.98	122.99	116.73	112.07

Competitive Comparison of Headwater Exploration's Days Payable

For the Oil & Gas E&P subindustry, Headwater Exploration'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.

Headwater Exploration's Days Payable Distribution in the Oil & Gas Industry

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

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

Headwater Exploration 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.

Headwater Exploration'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
=	( (52.561	+	54.946)	/	2 )	/	188.663	*	365
=	53.7535					/	188.663	*	365
=	104.00

Headwater Exploration'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
=	( (71.372	+	54.946)	/	2 )	/	51.427	*	365 / 4
=	63.159					/	51.427	*	365 / 4
=	112.07

Headwater Exploration Days Payable Related Terms

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Headwater Exploration (Headwater Exploration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Headwater Exploration Inc (OTCPK:CDDRF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

C6V:Germany HWX:Canada

Address

500 - 4th Avenue S.W, Suite 1200, Calgary, AB, CAN, T2P 2V6

Website

https://www.headwaterexp.com

Headwater Exploration Inc is an oil and gas exploration and development company. It is engaged in the exploration, development, and production of petroleum and natural gas onshore in McCully Field, New Brunswick and Marten Hills, Alberta. The firm generates substantial revenue from the sale of commodities which include crude oil, natural gas and natural gas liquids.

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