Profire Energy (Profire Energy) Days Payable : 27.02 (As of Dec. 2023)

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What is Profire Energy Days Payable?

Profire Energy's average Accounts Payable for the three months ended in Dec. 2023 was $1.95 Mil. Profire Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was $6.58 Mil. Hence, Profire Energy's Days Payable for the three months ended in Dec. 2023 was 27.02.

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

PFIE' s Days Payable Range Over the Past 10 Years
Min: 19.06 Med: 35.48 Max: 58.31
Current: 28.84

During the past 13 years, Profire Energy's highest Days Payable was 58.31. The lowest was 19.06. And the median was 35.48.

PFIE's Days Payable is ranked worse than
78.09% of 899 companies
in the Oil & Gas industry
Industry Median: 59.45 vs PFIE: 28.84

Profire Energy's Days Payable declined from Dec. 2022 (30.61) to Dec. 2023 (27.02). It may suggest that Profire Energy accelerated paying its suppliers.

Profire Energy Days Payable Historical Data

The historical data trend for Profire 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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Profire Energy Days Payable Chart

Profire Energy Annual Data

Trend

Mar14

Mar15

Mar16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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35.76

58.31

36.63

35.91

37.30

Profire 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															30.61	33.40	26.51	20.57	27.02

Competitive Comparison of Profire Energy's Days Payable

For the Oil & Gas Equipment & Services subindustry, Profire 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.

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

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

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

Profire 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.

Profire 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
=	( (2.956	+	2.7)	/	2 )	/	27.676	*	365
=	2.828					/	27.676	*	365
=	37.30

Profire 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
=	( (1.194	+	2.7)	/	2 )	/	6.575	*	365 / 4
=	1.947					/	6.575	*	365 / 4
=	27.02

Profire Energy Days Payable Related Terms

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Profire Energy (Profire Energy) Business Description

Industry

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

Comparable Companies

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PFR:Germany

Address

321 South 1250 West, Suite 1, Lindon, UT, USA, 84042

Website

https://www.profireenergy.com

Profire Energy Inc is an oilfield technology company operating in the United States. It is engaged in the business of developing combustion management technologies for the oil and gas industry. The company specializes in the creation of burner-management systems, used on a variety of oilfield natural-draft fire tube vessels. In addition to the burner-management systems, the company also sell complementary oilfield products to its customer. Geographically, the company divides its business into two business unit namely the United States and Canada and majority of its revenue comes from the United States.

Executives

Harold Albert	10 percent owner, officer: Chief Operating Officer	BAY 12, 55 ALBERTA AVE, SPRUCE GROVE A0 T7X 3A6
Bell Colleen Larkin	director	333 S STATE STREET, SALT LAKE CITY UT 84145-0433
Patrick David Fisher	officer: VP of Product Development	321 SOUTH 1250 WEST, LINDON UT 84042
Brenton W Hatch	10 percent owner, officer: Chief Executive Officer	BAY 12, 55 ALBERTA AVE, SPRUCE GROVE A0 T7X 3A6
Cameron M. Tidball	officer: CBDO	321 SOUTH 1250 WEST SUITE 1, LINDON UT 84042
Jay Grant Fugal	officer: VP of Operations	321 SOUTH 1250 WEST, SUITE 1, LINDON UT 84042
Daren Shaw	director	27101 PUERTA REAL, SUITE 450, MISSION VIEJO CA 92691
Ronald R Spoehel	director	12015 LEE JACKSON HIGHWAY, FAIRFAX VA 22033
Ryan W Oviatt	officer: Chief Financial Officer	321 SOUTH 1250 WEST SUITE 1, LINDON UT 84042
Stephen E Pirnat	director	4728 EAST 98TH STREET, TULSA OK 74137
Crouch Arlen	director	2566 BARCELONA DRIVE, SANDY UT 84093
Andrew Limpert	director, 10 percent owner, officer: Interim CEO & CFO	1245 BRICKYARD ROAD, SUITE 590, SALT LAKE CITY UT 84106
Mike Carroll	director, 10 percent owner, officer: CEO, CFO & President	408 BREWSTER LANE, SAINT SIMONS ISLAND GA 21522
Joel Arline	director	1606 REYNOLDS STREET, BRUNSWICK GA 31520