Gibson Energy (Gibson Energy) Days Payable : 26.22 (As of Dec. 2023)

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What is Gibson Energy Days Payable?

Gibson Energy's average Accounts Payable for the three months ended in Dec. 2023 was $574 Mil. Gibson Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,997 Mil. Hence, Gibson Energy's Days Payable for the three months ended in Dec. 2023 was 26.22.

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

GBNXF' s Days Payable Range Over the Past 10 Years
Min: 16.06 Med: 23.13 Max: 27.92
Current: 23.8

During the past 13 years, Gibson Energy's highest Days Payable was 27.92. The lowest was 16.06. And the median was 23.13.

GBNXF's Days Payable is ranked worse than
82% of 900 companies
in the Oil & Gas industry
Industry Median: 59.43 vs GBNXF: 23.80

Gibson Energy's Days Payable declined from Dec. 2022 (26.50) to Dec. 2023 (26.22). It may suggest that Gibson Energy accelerated paying its suppliers.

Gibson Energy Days Payable Historical Data

The historical data trend for Gibson 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.

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Gibson Energy Days Payable Chart

Gibson Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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15.93

27.52

25.59

20.57

20.53

Gibson Energy 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															26.50	25.08	24.21	22.99	26.22

Competitive Comparison of Gibson Energy's Days Payable

For the Oil & Gas Midstream subindustry, Gibson 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.

Gibson Energy's Days Payable Distribution in the Oil & Gas Industry

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

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

Gibson 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.

Gibson 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
=	( (390.292	+	492.964)	/	2 )	/	7849.856	*	365
=	441.628					/	7849.856	*	365
=	20.53

Gibson 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
=	( (654.867	+	492.964)	/	2 )	/	1997.355	*	365 / 4
=	573.9155					/	1997.355	*	365 / 4
=	26.22

Gibson Energy Days Payable Related Terms

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Gibson Energy (Gibson Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gibson Energy Inc (OTCPK:GBNXF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

8GB:Germany GEI:Canada

Address

440 - 2nd Avenue S.W., Suite 1700, Calgary, AB, CAN, T2P 5E9

Website

https://www.gibsonenergy.com

Gibson Energy Inc. is an oil infrastructure company that collects, stores, and processes crude oil and refined products. Reportable segments include marketing, which deals with buying, selling, and optimizing products such as crude oil, natural gas liquid, road asphalt, and oil-based mud product; and infrastructure, which makes up a system of oil terminals, rail loading facilities, pipelines, and an oil processing facility. Gibson Energy Inc. services Canada and the United States, and the majority of revenue comes from the marketing segment.