Alpine Summit Energy Partners (TSXV:ALPS.U) Days Payable : 302.90 (As of Mar. 2023)

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What is Alpine Summit Energy Partners Days Payable?

Alpine Summit Energy Partners's average Accounts Payable for the three months ended in Mar. 2023 was C$129.0 Mil. Alpine Summit Energy Partners's Cost of Goods Sold for the three months ended in Mar. 2023 was C$38.9 Mil. Hence, Alpine Summit Energy Partners's Days Payable for the three months ended in Mar. 2023 was 302.90.

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

TSXV:ALPS.U's Days Payable is not ranked ^*
in the Oil & Gas industry.
Industry Median: 59.43
* Ranked among companies with meaningful Days Payable only.

Alpine Summit Energy Partners's Days Payable declined from Mar. 2022 (327.97) to Mar. 2023 (302.90). It may suggest that Alpine Summit Energy Partners accelerated paying its suppliers.

Alpine Summit Energy Partners Days Payable Historical Data

The historical data trend for Alpine Summit Energy Partners'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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Alpine Summit Energy Partners Days Payable Chart

Alpine Summit Energy Partners Annual Data

Trend

Mar20

Mar21

Dec22

Days Payable

169.93

Alpine Summit Energy Partners Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Days Payable	Get a 7-Day Free Trial										327.97	162.89	174.56	377.76	302.90

Competitive Comparison of Alpine Summit Energy Partners's Days Payable

For the Oil & Gas E&P subindustry, Alpine Summit Energy Partners'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.

Alpine Summit Energy Partners's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Alpine Summit Energy Partners's Days Payable falls into.

Alpine Summit Energy Partners 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.

Alpine Summit Energy Partners'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: Mar. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.019	+	131.003)	/	2 )	/	140.711	*	365
=	65.511					/	140.711	*	365
=	169.93

Alpine Summit Energy Partners's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

	Days Payable (Q: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (131.003	+	127.019)	/	2 )	/	38.865	*	365 / 4
=	129.011					/	38.865	*	365 / 4
=	302.90

Alpine Summit Energy Partners Days Payable Related Terms

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Alpine Summit Energy Partners (TSXV:ALPS.U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Alpine Summit Energy Partners Inc (TSXV:ALPS.U) » Definitions » Days Payable

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Traded in Other Exchanges

ALPSQ:USA

Address

3322 West End Avenue, Suite 450, Nashville, TN, USA, 37203

Website

https://www.alpinesummitenergy.com

Alpine Summit Energy Partners Inc is an energy developer engaged in oil and natural gas development, production, acquisition, and exploration activities in Texas. The Company's operating activities are mainly focused on the Austin Chalk and Eagle Ford formations in the Giddings Field, as well as the Hawkville Field. It has focused on maximizing growth and compounding equity value. It generates the majority of its revenue from the crude oil category.

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