MEG Energy (TSX:MEG) Days Payable : 39.17 (As of Dec. 2023)

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MEG Energy Days Payable Definition

MEG Energy's average Accounts Payable for the three months ended in Dec. 2023 was C$507 Mil. MEG Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was C$1,181 Mil. Hence, MEG Energy's Days Payable for the three months ended in Dec. 2023 was 39.17.

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

TSX:MEG' s Days Payable Range Over the Past 10 Years
Min: 0.43 Med: 33.97 Max: 53.61
Current: 43.68

During the past 13 years, MEG Energy's highest Days Payable was 53.61. The lowest was 0.43. And the median was 33.97.

TSX:MEG's Days Payable is ranked worse than
62.67% of 900 companies
in the Oil & Gas industry
Industry Median: 59.43 vs TSX:MEG: 43.68

MEG Energy's Days Payable declined from Dec. 2022 (49.68) to Dec. 2023 (39.17). It may suggest that MEG Energy accelerated paying its suppliers.

MEG Energy Days Payable Historical Data

The historical data trend for MEG 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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MEG Energy Days Payable Chart

MEG Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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40.72

53.61

52.21

47.80

41.76

MEG 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															49.68	43.73	49.68	45.53	39.17

Competitive Comparison of MEG Energy's Days Payable

For the Oil & Gas E&P subindustry, MEG 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.

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

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

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

MEG 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.

MEG 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
=	( (473	+	475)	/	2 )	/	4143	*	365
=	474					/	4143	*	365
=	41.76

MEG 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
=	( (539	+	475)	/	2 )	/	1181	*	365 / 4
=	507					/	1181	*	365 / 4
=	39.17

MEG Energy Days Payable Related Terms

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MEG Energy (TSX:MEG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » MEG Energy Corp (TSX:MEG) » Definitions » Days Payable

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MEGEF:USA ME7:Germany

Address

600 - 3rd Avenue South West, 21st Floor Mail Room, Calgary, AB, CAN, T2P 0G5

Website

https://www.megenergy.com

MEG Energy Corp is an energy company focused on sustainable in situ thermal oil production in the southern Athabasca oil region of Alberta, Canada. MEG transports and sells thermal oil (known as Access Western Blend or AWB) to customers throughout North America and internationally.

Executives

David Michael Granger

Senior Officer