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Petro-Victory Energy (Petro-Victory Energy) Days Payable

: 232.48 (As of Sep. 2023)
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Petro-Victory Energy's average Accounts Payable for the three months ended in Sep. 2023 was $0.85 Mil. Petro-Victory Energy's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.34 Mil. Hence, Petro-Victory Energy's Days Payable for the three months ended in Sep. 2023 was 232.48.

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

PTVRF' s Days Payable Range Over the Past 10 Years
Min: 243.99   Med: 817.45   Max: 7634.15
Current: 243.99

During the past 9 years, Petro-Victory Energy's highest Days Payable was 7634.15. The lowest was 243.99. And the median was 817.45.

PTVRF's Days Payable is ranked better than
84.32% of 899 companies
in the Oil & Gas industry
Industry Median: 59.45 vs PTVRF: 243.99

Petro-Victory Energy's Days Payable increased from Sep. 2022 (78.85) to Sep. 2023 (232.48). It may suggest that Petro-Victory Energy delayed paying its suppliers.

Petro-Victory Energy Days Payable Historical Data

The historical data trend for Petro-Victory 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.

Petro-Victory Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Days Payable
Get a 7-Day Free Trial Premium Member Only - - 7,459.69 816.20 366.11

Petro-Victory Energy Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 78.85 905.14 177.15 127.75 232.48
Competitive Comparison

For the Oil & Gas E&P subindustry, Petro-Victory 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.

Petro-Victory Energy Days Payable Distribution

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

* The bar in red indicates where Petro-Victory Energy's Days Payable falls into.


Petro-Victory 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.

Petro-Victory Energy's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

Days Payable (A: Dec. 2022 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2021 ) + Accounts Payable (A: Dec. 2022 )) / count ) / Cost of Goods Sold (A: Dec. 2022 )*Days in Period
=( (0.856 + 1.12) / 2 ) / 0.985*365
=0.988 / 0.985*365
=366.11

Petro-Victory Energy's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

Days Payable (Q: Sep. 2023 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2023 ) + Accounts Payable (Q: Sep. 2023 )) / count ) / Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=( (0.637 + 1.07) / 2 ) / 0.335*365 / 4
=0.8535 / 0.335*365 / 4
=232.48

* 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.

Petro-Victory Energy Days Payable Related Terms

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Petro-Victory Energy (Petro-Victory Energy) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petro-Victory Energy Corp (OTCPK:PTVRF) » Definitions » Days Payable
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VRY:Canada
Address
5960 Berkshire Lane, 6th Floor, Dallas, TX, USA, 75225
Website
https://www.petrovictoryenergy.com
Petro-Victory Energy Corp is an oil and gas company that is engaged in the acquisition and development of crude oil and natural gas resources in Brazil. It also holds an interest in more than twenty licenses totaling around 164,000 acres in four different producing basins in Brazil.