Reconnaissance Energy Africa (TSXV:RECO) Days Payable

: 0.00 (As of Dec. 2023)

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Reconnaissance Energy Africa's average Accounts Payable for the three months ended in Dec. 2023 was C$3.06 Mil. Reconnaissance Energy Africa's Cost of Goods Sold for the three months ended in Dec. 2023 was C$0.00 Mil.

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

TSXV:RECO' s Days Payable Range Over the Past 10 Years
Min: 91.25 Med: 91.25 Max: 514.15
Current: 514.15

During the past 13 years, Reconnaissance Energy Africa's highest Days Payable was 514.15. The lowest was 91.25. And the median was 91.25.

TSXV:RECO's Days Payable is ranked better than
90.77% of 899 companies
in the Oil & Gas industry
Industry Median: 59.45 vs TSXV:RECO: 514.15

Reconnaissance Energy Africa's Days Payable declined from Jun. 2022 (98.40) to Dec. 2023 (0.00). It may suggest that Reconnaissance Energy Africa accelerated paying its suppliers.

Reconnaissance Energy Africa Days Payable Historical Data

The historical data trend for Reconnaissance Energy Africa'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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Reconnaissance Energy Africa Annual Data

Trend

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Dec20

Days Payable

Reconnaissance Energy Africa Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Jun23	Sep23	Dec23
Days Payable																98.40	113.00	220.24	-	-

Competitive Comparison

For the Oil & Gas E&P subindustry, Reconnaissance Energy Africa'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.

Reconnaissance Energy Africa Days Payable Distribution

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

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

Reconnaissance Energy Africa 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.

Reconnaissance Energy Africa's Days Payable for the fiscal year that ended in Dec. 2020 is calculated as

	Days Payable (A: Dec. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2019 )	+	Accounts Payable (A: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2020 )	*	Days in Period
=	( (0.065	+	1.933)	/	2 )	/	0	*	365
=	0.999					/	0	*	365
=	N/A

Reconnaissance Energy Africa'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
=	( (3.586	+	2.541)	/	2 )	/	0	*	365 / 4
=	3.0635					/	0	*	365 / 4
=	N/A

Reconnaissance Energy Africa Days Payable Related Terms

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Reconnaissance Energy Africa (TSXV:RECO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Reconnaissance Energy Africa Ltd (TSXV:RECO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RECAF:USA 0XD:Germany

Address

Bentall, PO Box 48326, Vancouver, BC, CAN, V7X 1A1

Website

https://www.reconafrica.com

Reconnaissance Energy Africa Ltd is a junior oil and gas company engaged in the exploration and development of oil and gas in Namibia and Botswana. It holds a substantial interest in a petroleum exploration license in northeast Namibia which covers the entire Kavango sedimentary basin. The Company's operating segments are: the exploration and evaluation of its African assets; the oil and gas operations in Mexico; and the corporate segment. The Mexico segment derives its revenues solely from the production and sale of oil and natural gas from one customer.

Reconnaissance Energy Africa (TSXV:RECO) Headlines

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