AKVA (Arkanova Energy) Days Payable: 19.14 (As of Sep. 2016)

What is Arkanova Energy Days Payable?

Arkanova Energy AKVA -99.00% Days Payable is 19.14 as of Sep. 2016.

Arkanova Energy's average Accounts Payable for the three months ended in Sep. 2016 was $0.14 Mil. Arkanova Energy's Cost of Goods Sold for the three months ended in Sep. 2016 was $0.68 Mil. Hence, Arkanova Energy's Days Payable for the three months ended in Sep. 2016 was 19.14.

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

AKVA's Days Payable is not ranked ^*
in the Oil & Gas industry.
Industry Median: 58.145
* Ranked among companies with meaningful Days Payable only.

Arkanova Energy's Days Payable declined from Sep. 2015 (51.47) to Sep. 2016 (19.14). It may suggest that Arkanova Energy accelerated paying its suppliers.

Arkanova Energy Days Payable Related Terms

Arkanova Energy Days Payable Historical Data

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The historical data trend for Arkanova 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.

Arkanova Energy Days Payable Chart

Arkanova Energy Annual Data

Trend

Sep07

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Days Payable

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343.22

243.26

258.58

219.39

67.36

Arkanova Energy Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
Days Payable	Get a 7-Day Free Trial															51.47	112.84	139.70	79.78	19.14

AKVA vs EUENF, ATLS, JONEQ: Days Payable Comparison

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

Arkanova Energy Days Payable vs Oil & Gas Industry

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

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

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Arkanova 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.

Arkanova Energy's Days Payable for the fiscal year that ended in Sep. 2016 is calculated as

	Days Payable (A: Sep. 2016 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2015 )	+	Accounts Payable (A: Sep. 2016 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2016 )	*	Days in Period
=	( (0.306	+	0.114)	/	2 )	/	1.138	*	365
=	0.21					/	1.138	*	365
=	67.36

Arkanova Energy's Days Payable for the quarter that ended in Sep. 2016 is calculated as:

	Days Payable (Q: Sep. 2016 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2016 )	+	Accounts Payable (Q: Sep. 2016 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2016 )	*	Days in Period
=	( (0.17	+	0.114)	/	2 )	/	0.677	*	365 / 4
=	0.142					/	0.677	*	365 / 4
=	19.14

Frequently Asked Questions Learn more about Days Payable →

What does a Days Payable of 19.14 mean?

Arkanova Energy (AKVA) has a Days Payable of 19.14 as of Sep. 2016. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Arkanova Energy and its competitors.

Is Arkanova Energy's Days Payable too high?

Arkanova Energy's current Days Payable is 19.14. The Oil & Gas industry median Days Payable is 58.15. Arkanova Energy's value of 19.14 is 67.1% below this industry median.

How does Arkanova Energy's Days Payable compare to EUENF and ATLS?

Arkanova Energy's Days Payable of 19.14 can be compared against companies in the Oil & Gas industry. The industry median Days Payable is 58.15. Arkanova Energy's value of 19.14 is 67.1% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Days Payable for an Oil & Gas company?

The median Days Payable among Oil & Gas companies is 58.15, based on 852 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Arkanova Energy's current Days Payable of 19.14 is 67.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Days Payable mean?

A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Arkanova Energy and its competitors. For the Oil & Gas industry, the median Days Payable is 58.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arkanova Energy's current Days Payable is 19.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Arkanova Energy stock overvalued right now?

Arkanova Energy (AKVA) has a current Days Payable of 19.14. The current Days Payable is 19.14 and 67.1% below the Oil & Gas industry median of 58.15. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Days Payable calculated?

Days Payable is calculated from a company's financial statements. For Arkanova Energy (AKVA), the current Days Payable is 19.14 as of Sep. 2016. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Arkanova Energy Business Description

Industry Energy Oil & Gas

Comparable Companies EUENF TSXV:PTC XCNQ:EI TSXV:TPC ATLS TSXV:PPE.H TSXV:PMX TSXV:SFT TSXV:CEN TSXV:CTI.H TSXV:HEI JONEQ MMEX TSXV:WEB.H PTCO VNRRQ ALOD TSX:TEI TSXV:CHY.H EXNT

Address 3809 Juniper Trace, Suite 201, Austin, TX, USA, 78738

Website https://www.arkanovaenergy.com

Arkanova Energy Corp is a junior producing oil and gas company. The company is engaged in the acquisition, exploration, and development of prospective oil and gas properties. The company holds mineral leases in leasehold interests located in Pondera and Glacier Counties, Montana. Its subsidiaries include Arkanova Acquisition Corporation, Prism Corporation and Provident Energy of Montana, LLC.