Secure Energy Services (TSX:SES) Days Payable : 17.23 (As of Dec. 2023)

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Secure Energy Services Days Payable Definition

Secure Energy Services's average Accounts Payable for the three months ended in Dec. 2023 was C$413 Mil. Secure Energy Services's Cost of Goods Sold for the three months ended in Dec. 2023 was C$2,184 Mil. Hence, Secure Energy Services's Days Payable for the three months ended in Dec. 2023 was 17.23.

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

TSX:SES' s Days Payable Range Over the Past 10 Years
Min: 16.6 Med: 27.73 Max: 39.59
Current: 18.66

During the past 13 years, Secure Energy Services's highest Days Payable was 39.59. The lowest was 16.60. And the median was 27.73.

TSX:SES's Days Payable is ranked worse than
87.05% of 224 companies
in the Waste Management industry
Industry Median: 74.015 vs TSX:SES: 18.66

Secure Energy Services's Days Payable declined from Dec. 2022 (18.81) to Dec. 2023 (17.23). It may suggest that Secure Energy Services accelerated paying its suppliers.

Secure Energy Services Days Payable Historical Data

The historical data trend for Secure 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.

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Secure Energy Services Days Payable Chart

Secure Energy Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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22.26

33.35

20.18

16.60

18.36

Secure 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	Get a 7-Day Free Trial															18.81	19.61	20.23	18.33	17.23

Competitive Comparison of Secure Energy Services's Days Payable

For the Waste Management subindustry, Secure 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.

Secure Energy Services Days Payable Distribution

For the Waste Management industry and Industrials sector, Secure Energy Services's Days Payable distribution charts can be found below:

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

Secure 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.

Secure 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
=	( (404	+	374)	/	2 )	/	7732	*	365
=	389					/	7732	*	365
=	18.36

Secure 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
=	( (451	+	374)	/	2 )	/	2184	*	365 / 4
=	412.5					/	2184	*	365 / 4
=	17.23

Secure Energy Services Days Payable Related Terms

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Secure Energy Services (TSX:SES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Secure Energy Services Inc (TSX:SES) » Definitions » Days Payable

Comparable Companies

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SECYF:USA SEP:Germany

Address

2300, 225 - 6th Avenue SW, Calgary, AB, CAN, T2P 1N2

Website

https://www.secure-energy.com

Secure Energy Services Inc provides fluids and solids solutions to the oil and gas industry. It operates in two segments: Midstream Infrastructure and Environmental and Fluid Management. Midstream Infrastructure owns and operates a network of facilities throughout western Canada, North Dakota, and Oklahoma. These facilities provide processing, storing, shipping, and marketing of crude oil; the processing of waste; and water treatment and disposal. The Environmental and Fluid Management segment includes a network of landfill disposal facilities; onsite abandonment, remediation, and reclamation management; a suite of comprehensive environmental management solutions. The company's geographical segments are Canada and the United States.