Ensign Energy Services (TSX:ESI) Days Payable

: 48.04 (As of Dec. 2023)

View and export this data going back to 1993. Start your Free Trial

Ensign Energy Services's average Accounts Payable for the three months ended in Dec. 2023 was C$192 Mil. Ensign Energy Services's Cost of Goods Sold for the three months ended in Dec. 2023 was C$364 Mil. Hence, Ensign Energy Services's Days Payable for the three months ended in Dec. 2023 was 48.04.

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

TSX:ESI' s Days Payable Range Over the Past 10 Years
Min: 18.2 Med: 28.38 Max: 49
Current: 49

During the past 13 years, Ensign Energy Services's highest Days Payable was 49.00. The lowest was 18.20. And the median was 28.38.

TSX:ESI's Days Payable is ranked worse than
57.6% of 901 companies
in the Oil & Gas industry
Industry Median: 60.33 vs TSX:ESI: 49.00

Ensign Energy Services's Days Payable declined from Dec. 2022 (48.16) to Dec. 2023 (48.04). It may suggest that Ensign Energy Services accelerated paying its suppliers.

Ensign Energy Services Days Payable Historical Data

The historical data trend for Ensign Energy Services'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.

Ensign Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

22.58

18.20

19.87

28.25

30.59

Ensign Energy Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																48.16	44.76	62.07	60.15	48.04

Competitive Comparison

For the Oil & Gas Drilling subindustry, Ensign Energy Services'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.

Ensign Energy Services Days Payable Distribution

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

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

Ensign Energy Services 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.

Ensign Energy Services'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
=	( (145.39	+	114.574)	/	2 )	/	1550.901	*	365
=	129.982					/	1550.901	*	365
=	30.59

Ensign Energy Services'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
=	( (269.057	+	114.574)	/	2 )	/	364.325	*	365 / 4
=	191.8155					/	364.325	*	365 / 4
=	48.04

Ensign Energy Services Days Payable Related Terms

Thank you for viewing the detailed overview of Ensign Energy Services's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Ensign Energy Services (TSX:ESI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ensign Energy Services Inc (TSX:ESI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ESVIF:USA ENB:Germany

Address

400, 5th Avenue South West, Suite 1000, Calgary, AB, CAN, T2P 0L6

Website

https://www.ensignenergy.com

Ensign Energy Services Inc provides oilfield services to the crude oil and natural gas industries in Canada, the United States, and internationally. In Canada, the Company's oilfield services business includes drilling rigs, oil sands/coring rigs, well servicing, underbalanced and managed pressure drilling, and equipment rental services. In the United States, it offers drilling rigs, directional services, well servicing, equipment rental services, and trucking services, and Internationally, It offers drilling and workover rigs. Geographically the company operates in nine countries; Canada, the United States, Argentina, Australia, Bahrain, Kuwait, Oman, United Arab Emirates, and Venezuela.